Mantra (OM) Surges After Upbit Listing and Sports RWA Deal

Mantra (OM) Surges Post Upbit Listing and $3.3B Sports RWA Deal

Top crypto exchange of Korea, Upbit, has officially listed Mantra (OM) with BTC, KRW, and USDT trading pairs. This step is a huge milestone for the crypto, which has recently been on a strong upward trend. 

Mantra (OM) Price Spikes After Listing

Before the announcement of listing, the price of Mantra (OM) was around $0.3829. Just after the 15 minutes of trading started on Upbit, the token reached $0.4668. Consequently, trading volume increased from $70.92 million to $103.72 million, emphasising strong interest from the community. The current market cap of the coin is $414.31 million. It is currently trading at $0.4347 as per the CoinMarketCap. 

Source: CoinMarketCap

Upbit Listing Brings Fresh Momentum

This listing is considered as a major positive signal for OM. Upbit is one of the major crypto exchanges in South Korea, and the support from this exchange generally brings interest from institutional and retail investors both. Several traders have shared bullish views, adding to the hype of the token on social media platforms like X (formerly Twitter). 

Upbit has set trading restrictions to control early price swings. For the first five minutes, buy orders were limited, and sell orders couldn’t go more than 10% below the previous day’s close. Also, only limit orders were allowed for the first two hours.

Mantra’s Past Challenges

The project has experienced a lot of ups and downs. It faced huge criticism after the 80% crash in the price. It has also been negatively portrayed by the press in the initial days. Conversely now, the team of OM token has managed to get the community’s confidence again. 

The token has already been listed on several big exchanges that includes the name of Bitget, OKX, Binance, KuCoin, and Uniswap. The recent Upbit listing adds to its global expansion plans. 

Big Win: Partnership to Tokenize Sports Revenues

Adding to the bullish momentum, on May 19 Mantra announced a strategic collaboration with WIN Investments. The deal aspires to tokenize about $3.3 billion worth of transfer revenues from FIFA-linked football. This partnership goes well with the project's focus on Real World Assets (RWA). It means to convert physical assets such as sports contracts into tokens.

Just before this deal, Mantra and Binance carried out the Mainnet integration on 16th May. It offers transfer of crypto among platforms. 

Conclusion

Mantra (OM) is rapidly getting attention. It has transformed from being a complicated project to a rising star with real-world relationships and listings on huge crypto exchanges. The tokenization transfers related to the FIFA event and the Upbit listing have given the token a new turn. It is resulting in token being a promising investment for the year.