OKX Supports MANTRA’s OM Token Migration Ahead of Critical 4-to-1 Split

As the cryptocurrency market continues to evolve with innovative tokenomics and blockchain upgrades, MANTRA has initiated a pivotal migration of its OM tokens to its proprietary mainnet—a strategic move preceding a significant 4-to-1 token split scheduled for mid-January 2026. This migration requires OM token holders to transfer their assets from the Osmosis network to MANTRA's Layer 1 blockchain to qualify for the full allocation of new tokens post-split. The process underscores the project's transition toward greater sovereignty and scalability, emphasizing the importance of timely action, as failure to migrate by the deadline risks reduced rewards for participants. Notably, leading exchanges, including OKX, have pledged support for this transition, ensuring a seamless experience for users and reinforcing confidence in the token's infrastructure evolution. This development highlights the growing trend of blockchain projects migrating to independent Layer 1 solutions to enhance performance, security, and governance, with OKX's involvement signaling strong institutional backing. For investors and traders, this migration and split represent a crucial moment to reassess OM's valuation and long-term potential within the decentralized finance (DeFi) landscape, as MANTRA aims to solidify its position in the real-world asset (RWA) tokenization sector. The collaboration with OKX not only facilitates liquidity and accessibility but also aligns with broader industry shifts toward interoperable and efficient blockchain ecosystems, making this a noteworthy event for crypto enthusiasts and professionals alike.

MANTRA Initiates OM Token Migration Ahead of 4-to-1 Split

MANTRA has commenced the migration of OM tokens to its mainnet, a critical step preceding a 4-to-1 token split scheduled for mid-January. The process requires holders to transfer their tokens from the Osmosis network to MANTRA's LAYER 1 blockchain to qualify for the full allocation of new tokens. Failure to migrate by the deadline risks reduced rewards.

Exchanges, including OKX, have pledged support for the transition, aligning with MANTRA's Proposal 17. The migration temporarily suspends OM deposits and withdrawals, with ERC20 tokens set for delisting post-migration. The upgrade underscores MANTRA's shift toward a dedicated blockchain infrastructure.

OKX Accuses Mantra of Misleading OM Holders as Migration Dispute Turns Legal

The dispute between OKX and MANTRA has escalated, with OKX publicly accusing Mantra of disseminating misleading information about OM token migration. Law enforcement is now involved, signaling a shift from a timeline disagreement to a potential legal confrontation.

OKX alleges collusion among connected accounts that used OM as collateral to borrow USDT, artificially inflating OM's price. The exchange's risk team identified the activity early, but account holders refused to cooperate. OKX intervened, liquidating a minimal portion of OM, with losses covered by its Security Fund. Third-party analysis suggests the subsequent price crash was driven by off-exchange perpetual trading.

Questions linger about the origin of the unusually large OM quantities, raising concerns over supply concentration. The conflict underscores growing tensions in crypto markets, where transparency and trust remain pivotal.