MANTRA AG, a subsidiary of the MANTRA Chain Association, has announced a $25 million buyback program for OM tokens. This initiative is part of a broader commitment totaling over $45 million.
Buyback Execution and Supply Impact
Starting August 27, MANTRA plans to steadily deploy the $25 million across multiple centralized exchanges. Trading firms will manage recurring buy orders at market prices. Each repurchased token will be migrated to the MANTRA mainnet and staked with its validators.
At current market rates, the program is valued at around 110 million OM tokens, representing nearly 10% of OM's circulating supply. Such a reduction could tighten available liquidity and potentially increase price momentum over time.
Migration and Market Expansion
MANTRA is also in the process of migrating OM from the ERC-20 standard to its own native chain. So far, 30% of the ERC-20 supply has successfully transitioned. CEO and Founder John Patrick Mullin has warned that January 15, 2026, will be the 'doomsday' for ERC-20 OM, urging token holders to migrate without delay.
This shift could lead to better liquidity on the MANTRA chain, potentially enhancing trading spreads and attracting more institutional investors. The entire RWA market is backing this movement, having surged to $26.5 billion this year, a 70% increase.
Conclusion
The $25 million buyback initiative and migration by MANTRA highlight strong support from institutional investors and reflect confidence in OM's long-term viability. At the time of writing, CoinMarketCap reports OM trading at $0.229985, with a daily trading volume of approximately $137.9 million.
The launch of the buyback program and migration to its own chain demonstrates increasing confidence and support among market participants.
