South Korean cryptocurrency trade Upbit has introduced new buying and selling assist for Mantra (OM) throughout KRW, BTC, and USDT markets, increasing entry to the RWA-focused token. This growth follows OM’s turbulent worth historical past, which noticed a 90% collapse in April 2025 after reaching a $6.22 all-time excessive earlier that 12 months.
The newly added pairs – OM/KRW, OM/BTC, and OM/USDT – place Upbit as the primary main Asian trade to supply direct fiat buying and selling for Mantra’s token. This comes three months after Bybit’s February 2025 itemizing, which triggered a 27.9% worth surge inside days in response to market knowledge.
Market observers notice OM’s buying and selling quantity spiked to $512 million throughout its February rally, although the token later crashed to $0.37 throughout April’s liquidation disaster that erased $5.5 billion in market worth. Upbit’s transfer alerts renewed institutional curiosity regardless of these volatility challenges.
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Mantra (OM) Ecosystem Overview
Mantra’s blockchain protocol focuses on real-world asset tokenization, with OM serving as each governance and utility token. The undertaking reached a $5.77 billion market cap at its February peak, although this valuation plummeted throughout April’s market turmoil.
Key OM metrics as of February 2025:
| Metric | Worth |
|---|---|
| Circulating Provide | 970.91M OM |
| All-Time Excessive | $6.22 |
| 24H Quantity (Peak) | $512.85M |
Upbit’s Strategic Enlargement
As Korea’s largest crypto platform dealing with $2.4 billion each day quantity, Upbit’s OM itemizing follows its sample of supporting rising Layer 1 initiatives. The trade beforehand drove related liquidity boosts for tokens like Axie Infinity and Theta Community by KRW pairings.
An Upbit spokesperson acknowledged: “Our new OM markets align with rising demand for RWA options in Asia’s institutional sector.” The trade’s announcement web page confirms buying and selling will start Could 22, 2025.
Trade Listings and Market Affect
Bybit’s February itemizing included a 120,000 OM prize pool incentive program, whereas Crypto.com added assist later that month. Analysts at CoinMarketCal famous such listings sometimes enhance a token’s accessibility by 300-500% throughout retail buying and selling platforms.
The consecutive trade integrations created a unstable worth trajectory:
- Feb 4: $6.22 ATH after Bybit itemizing
- Feb 16: 27.9% weekly surge
- Apr 14: 90% crash to $0.37
Market analysts stay divided on OM’s outlook, with worth predictions starting from $2.22 to $25 for late 2025. The token’s restoration to $1.92 at press time suggests cautious optimism following Upbit’s announcement.
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The Upbit itemizing may assist stabilize OM’s market place by attracting Korean institutional buyers, who management an estimated 38% of Asia’s RWA token investments. Whereas the April crash stays a cautionary story, improved trade liquidity might scale back future volatility dangers for this rising Web3 asset class.