OM has been under pressure since the April market crash. The price crashed 90%, and some traders quickly turned bearish, shorting the token and claiming the project had failed. But if you look beyond the chart, there’s a very different story playing out.
A recent tweet from crypto analyst Park Yong lays out why that approach might be shortsighted, and how Mantra (OM) could actually be one of the more solid plays in the Real World Asset (RWA) space right now.
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Why Betting Against $OM Might Be Shortsighted
— Park Yong (@dogthesunny) June 2, 2025
In the world of crypto, narratives shift faster than price charts. And amid all the noise, one protocol — $OM by MANTRA Chain — continues to quietly do the one thing that most projects fail at: build real, regulated infrastructure.… pic.twitter.com/rNjLVL2dlI
Let’s start with the numbers. As of June 2025, MANTRA’s ecosystem has passed $119 million in tokenized real-world assets, according to data from rwa.xyz. That’s not just some vague promise, these are real assets like real estate, U.S. Treasury bonds, and institutional investment funds. And they’re all live, tracked on-chain.
Most of this, around 98%, comes from a partnership with Ctrl Alt, a firm focused on asset tokenization. Ctrl Alt isn’t just backing assets with claims, they’re actually working with the Dubai Land Department to tokenize real estate portfolios under Dubai’s Virtual Assets Regulatory Authority (VARA). That means these aren’t just “crypto real estate” tokens; they’re issued within a legal framework, with actual compliance and legal backing.
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Moreover, that partnership with Ctrl Alt makes a big difference. It gives MANTRA a regulated, verifiable on-chain RWA ecosystem that’s hard to match. While other projects are still working on their pitch decks, MANTRA already has real assets moving on-chain under real oversight.
So when people look at Mantra price and call the project dead, they’re missing the larger story. This isn’t a hype-based coin. It’s tied to a growing base of tokenized assets that are already working within legal and financial systems.
What Really Happened in April?
Now, about that April crash. Yes, OM price dropped hard, but not because the tech failed or the team messed up. The drop came from cascading liquidations on centralized exchanges. It was a wider liquidity event, triggered by overleveraged traders and automated sell-offs, not anything broken within the project itself.
That’s an important distinction. The price crash wasn’t about MANTRA’s fundamentals, it was about how the market works under stress.
The real surprise? Even after that selloff, MANTRA kept building. They didn’t pause or disappear. The RWA numbers went up, regulatory ties stayed strong, and the platform continued to expand.
Park Yong ended the thread with a reminder that cuts through the noise:
“You can short hype. You can’t short fundamentals.”
And that’s really the core idea. OM may not always ride the hype cycles, but it’s one of the few tokens in crypto that’s quietly building something real, and doing it under actual regulation.
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