Binance Halts MANTRA Network Support - OM Plunges 7% in Market Shakeup

Breaking: Major exchange Binance drops MANTRA Network from its trading roster—sending OM token into immediate 7% freefall.

Exchange Exodus

Binance's delisting hammer strikes again, cutting support for OM deposits and withdrawals effective immediately. Trading pairs vanish from the platform by month's end—leaving holders scrambling for alternatives.

Market Reaction

The news triggered instant selling pressure, wiping 7% from OM's value within hours. Liquidity fractures as traders flee the sinking ship—classic crypto volatility on full display.

Industry Pattern

Another day, another altcoin getting the boot from centralized exchanges. But hey—who needs regulatory clarity when you've got this level of excitement? Just another Tuesday in digital asset land.

OM Token’s Price Drop

Following the announcement, OM’s price has dropped by about 7.43% today. According to CoinMarketCap, the token was trading at $0.2158, with a market cap of approximately $229.549 million at the time of writing.

The OM token is also trading much lower than its all-time high of $9.04 from February 2025, now down almost 100% in seven months. The token saw a 24-hour trading volume of $47.25 million, which is down about 22%.

At the end of August, MANTRA launched a $25 million OM token buyback. This followed a $20 million investment from Inveniam, bringing total commitments to $45 million. 

The buyback is approximately 10% of the circulating supply for OM. It is intended to increase long-term value and position MANTRA more firmly within the real-world asset (RWA) segment.

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