OM Price today

Crypto whales made notable purchases in the fourth week of April 2025, focusing on Uniswap (UNI), Mantra (OM), and Worldcoin (WLD). UNI’s netflow surged by 492%, while OM saw 26 million tokens bought after a price drop, and WLD’s 13 million tokens acquired indicated a bullish outlook on these altcoins.

The CEO of MANTRA, John Patrick Mullin, announced the burning of 150 million OM tokens, reducing the total from 1.82 billion to 1.67 billion. This drastic move aims to restore confidence in the project after the token’s historic 90% drop.

The bonded ratio will decrease from 31.47% to 25.30% due to the supply cut, which is expected to enhance staking rewards for holders, positively impacting the OM ecosystem as it seeks to stabilize.

Since the market cap of OM fell by 5 billion USD, MANTRA is pushing for transparency with a new dashboard. Allegations of insider trading have surfaced, which the team attributes to reckless liquidations.

Bitcoin reacted to comments made by Fed Chair Jerome Powell, showcasing its volatility but ultimately recovering.

Standard Chartered predicts that XRP could soar by 500% by 2028, potentially outpacing Ethereum in market position.

Coinbase warns of a crypto winter due to a 41% drop in altcoin market cap, while SEC indicates significant changes in trading regulations.