OM's recent price has been fluctuating at a high level in the $0.060–$0.070 range, with clear divergences between bulls and bears. Brand upgrade and Layer1 mainnet migration have significantly enhanced market long-term confidence, triggering price elasticity release; at the same time, the 1:4 split and mainnet migration expectation provide short- and medium-term trading catalysts, with technical support at $0.063. Caution is needed regarding the liquidity shock and short-term correction risk triggered by the delisting vote on the HyperLiquid platform. Overall recommendations: in the short term, focus on bargain hunting near the $0.059–$0.060 support, and avoid chasing highs; for the mid-to-long term, pay attention to underlying governance and ecosystem implementation, with a strategy of buying on dips and dynamically adjusting positions to respond to project progress and uncertainty in platform governance.

From late January to early February, OM's price fell from $0.065 to around $0.041 and entered a sideways consolidation, with trading volume concentrated in low-price accumulation. On February 13th, a breakout rally occurred, with daily trading volume surging to $357 million and price briefly hitting $0.0701. Subsequently, price traded in the $0.06–$0.07 range, reflecting repeated struggles between bulls and bears at a medium-term high. Currently, the price lingers around $0.067, with short-term resistance at $0.070–$0.075 and support at $0.059–$0.060.

As an important milestone in transitioning from an ERC-20 token to an independent Layer1 network, OM's rebranding and on-chain migration plan have greatly boosted market confidence. In the week following the announcement, the price rose more than 45%, showing participants' optimism toward the project's departure from the Ethereum ecosystem to focus on real asset tokenization. This value proposition, centered on native chain governance and asset on-chaining, has been validated by recent trading volume and price movements, laying an initial foundation for long-term value.

Mantra’s native token OM has surged over 45% in the past week despite facing a potential delisting vote on Hyperliquid scheduled for February 23, 2026. The rally follows a major rebranding as Mantra transitions from an ERC-20 token to an independent Layer 1 blockchain focused on real-world asset tokenization. The vote tests decentralized governance amid recent delistings by exchanges like KuCoin, but investor confidence remains strong due to Mantra’s regulatory compliance and future plans.

Mantra’s OM jumps 45% despite looming Hyperliquid delisting vote

The on-chain governance vote on February 23rd regarding whether OM will be delisted from the HyperLiquid platform brought significant uncertainty to the market. If the proposal passes, positions must be passively closed or forcibly settled based on the 1-hour weighted average price, which could trigger a sudden drop in liquidity and a temporary price correction. Although the voting results are yet to be announced, cautious position reducing behavior before the vote has already led to a spike in trading volume, with short-term sentiment leaning cautious.

HyperLiquid announced that validators will vote on February 23 at 8:00 AM UTC to decide whether to delist OM. If approved, traders must settle positions at the 1-hour time-weighted spot oracle price before delisting and cancel all open orders. No new orders will be accepted after settlement, so traders should close positions in advance to avoid automatic settlement.

HyperLiquid will hold a validator vote on delisting OM on February 23.

Hyperliquid on-chain validators will vote on February 23 at 16:00 (UTC+8) on whether to delist the OM token. MANTRA (OM) plans a token swap, increment, and rebranding to MANTRA (MANTRA). If delisted, related perpetual contracts will be settled based on a 1-hour weighted spot oracle price before delisting, and all open orders will be canceled. Users are advised to close positions before settlement to avoid automatic settlement.

The Hyperliquid vote to delist OM will open to on-chain validators on February 23.

The upcoming v7.0.0 upgrade in early March will complete OM's non-dilutive 1:4 split to MANTRA and official migration to the mainnet. While this does not change the economic value, it will bring greater liquidity and market attention. Exchanges have arranged the corresponding suspension and restart schedules. On February 25th, the price rose nearly 6%, and daily trading volume exceeded $30 million, indicating that bulls are building positions. Technically, if the price holds above $0.063, it can be regarded as short-term support from the expected split.

MANTRA Chain plans a v7.0.0 software upgrade at block height 13,000,000 (expected March 3, 2026) to implement governance proposal #25. The upgrade will rename the native token from $OM to $MANTRA, perform a 1:4 non-dilutive token split, increasing max supply from 2.5 billion to 10 billion without changing economic value. Token symbol, base unit, and decimals will change, while chain ID, market cap, staking, and governance weights remain unchanged. All balances and rewards will migrate automatically.

The MANTRA Chain plans to conduct a v7.0.0 software upgrade on March 3rd.

MANTRA [Old]

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