Mantra (OM) Soars to New All-Time High
- Mantra price rose to a new all-time high of $5.87 on Jan. 30.
- The gains saw Mantra rank as one of the best performers on the day, with open interest spiking 37%.
- OM has surged since MANTRA inked a $1 billion tokenization deal with the Dubai-based DAMAC Group.
Mantra (OM) experienced a significant surge, becoming the top gainer among the 100 largest cryptocurrencies by market cap. Despite the volatile market conditions, the digital asset reached a new all-time high of $5.87, showcasing an intraday surge of over 40%.
Although the price has slightly retraced to $5.59, Mantra remains a standout performer in the crypto space today, with a 23% increase in the past 24 hours.

Among the top 100 coins, only JasmyCoin has outpaced OM in the past 24 hours, with Mantra ranking 28th and JASMY in 69th place, boasting a market cap of $1.57 billion.
Reasons Behind Mantra’s Price Surge
According to CoinMarketCap data, MANTRA has witnessed a 214% spike in daily volume, reaching $497 million. The market cap of Mantra currently stands at $5.35 billion.
Additionally, open interest has surged by 37% to over $428 million, with more than $1.83 million liquidated in 24 hours, primarily from shorts.
While Mantra’s rise coincided with the overall altcoin market surge following Bitcoin’s climb to $106,000, the main catalyst for OM’s momentum seems to be the recent partnership with DAMAC Group.
Tokenization of Real-World Assets
The collaboration focuses on the tokenization of real-world assets, particularly in real estate. DAMAC Group’s presence in Dubai presents promising adoption opportunities for this initiative.
With up to $1 billion worth of real-world assets from DAMAC set to be tokenized on MANTRA, the outlook for OM has never been more bullish. The asset tokenization space is buzzing, with other RWA tokens experiencing growth as well.
The RWA market cap has surged by 11% to over $40 billion, with Ondo Finance, XDC Network, and Quant among the top gainers in this sector.