Mantra’s token is pumping hard right now, standing out while other altcoins struggle. The price reached $8.99 – a new record – with a 12.63% jump over the past day. There’s been a big spike in trading too, up 134.41%, showing more traders are getting interested. Crypto expert Chris Tan pointed out that OM’s price is breaking new ground even as the broader market slumps.
Looking at the charts, OM’s price keeps climbing steadily, consistently reaching new peaks and higher bottoms. The chart shows that OM has broken through historical resistance, putting it in price discovery mode.
If you’re watching the support levels, keep an eye on $6.80 (around the 20-day average) and $4.50 (100-day average). The next big hurdles might be at the round numbers of $10 and $12. The technical signs look strong – the MACD’s trending up, though the RSI sitting at 75.02 suggests it might be getting a bit overheated.
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Regulatory Milestone: First DeFi License in Dubai
In a major development, Mantra DAO just got approved for a VASP license from Dubai’s VARA regulator – they’re the first DeFi project to pull this off in the region. The license lets them run a Virtual Asset Exchange and offer services like brokerage, investment, and management.
This regulatory green light could open doors for Mantra, especially with bigger institutional players who need that official stamp of approval. The project’s CEO, John Patrick Mullin, emphasized that regulation fosters trust and expansion, a sentiment that has likely fueled the token’s rally.
Partnership with Google Cloud and the RWA Accelerator
Mantra has also announced a collaboration with Google Cloud to launch an RWA-focused accelerator program. They’re also launching a program to help Web3 startups work on tokenizing real-world assets, offering funding, guidance, and AI tools.
At Consensus 2025, the initiative was unveiled by John Patrick Mullin alongside Rich Widmann, who heads Web3 Strategy at Google Cloud. They emphasized how this could push innovation forward in blockchain finance. The growing interest in tokenization and institutional support has likely contributed to OM’s price increase.
Mantra’s Increased Market Activity and Leverage Trading
OM has also gained exposure through HashKey Global’s launch of an OM-USDT perpetual contract. This allows traders to access up to 20x leverage with zero trading fees, which may have boosted market participation.
As tokenization becomes more widely adopted, Mantra’s position as a Layer 1 blockchain with regulatory approval makes it a standout in the DeFi sector. With expanding institutional interest and a clear regulatory path, investor confidence in Mantra’s price appears to be growing, pushing the token to new highs.
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