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- Mantra has held steady at $6 after surging by 70% in the last 17 days, while whales continued accumulating, adding 15.6 million OM in just a week.
- John Patrick Mullin asserts that Mantra is poised to lead the RWA movement, especially if the U.S. eliminates capital gains taxes for crypto projects.
In a remarkable display of resilience, Mantra (OM), a purpose-built blockchain for Real World Assets Tokenization (RWAs), has surged over the past few weeks, stabilizing around the $6 level after a staggering 70% increase over just 17 days. This rally, while impressive, places Mantra only 8% shy of its all-time high of $6.41, drawing the attention of investors and analysts alike.
Over the past year, OM has witnessed an astonishing 1821% increase in value, positioning it as one of the top-performing altcoins and securing a spot among the top three crypto assets in terms of market performance, according to data from CoinGecko.
Accompanying this price surge is a notable increase in trading volume, which rose by 37.83% in the last 24 hours to settle at $259 million. Adding on this, social media mentions have surged by an astounding 500%, reaching a 60-day peak. This explosion of interest marks the highest level of buzz surrounding OM since November 17, 2024. For current holders of OM, this surge in social media buzz bodes well, potentially enhancing the token’s visibility in the crowded RWA market.
Santiments data reveals that OM’s share of mentions among the top 50 trending cryptocurrencies has increased from 0.04% to 0.24% between January 5 and February 12. Also, on February 2, the ten largest whale wallets in the Mantra Chain network held a total of 648.2 million OM, and by February 11, these whale wallets accumulated a total of 663.8 million OM, adding 15.6 million OM worth about $93.6 million in the last week alone.
As the momentum builds, technical indicators suggest that if OM can maintain its position above the $5.22 middle Bollinger Band support, bullish traders could push the price upward toward the $6.85 upper Bollinger Band resistance.
Tax-Free Policy: A Catalyst for RWA Tokenization
The increase in interest in tokenized RWAs goes beyond just market trends. Mantra CEO John Patrick Mullin highlighted a potential game-changer: the proposed crypto tax-free policy by President Donald Trump during an interview with FXStreet
When asked about the implications of eliminating capital gains taxes for U.S.-based crypto projects, Mullin remarked, “Eliminating capital gains taxes for U.S. crypto projects would give tokenized RWAs a major edge over traditional instruments.” He emphasized that the tax advantage alone would likely drive a reallocative shift in capital, prompting investors to favor tokenized versions of Treasuries, real estate, and commodities based on tax efficiency rather than yield or liquidity.
RWA tokenization brings clear structural advantages such as faster settlements, reduced fees, and enhanced liquidity. Mullin predicts that these efficiencies, when combined with a favorable regulatory environment, will accelerate adoption among asset managers, banks, and institutions.
This trend is already playing out on a global scale. Major financial players like BlackRock, Robinhood, Grayscale, and McKinsey are pushing for a future where traditional assets are brought on-chain. Mantra’s momentum in the RWA sector is backed by major partnerships, institutional support, and strong market performance. One of its most significant moves is its partnership with DAMAC Group, a collaboration focused on tokenizing real-world assets in the Middle East. This move cements Mantra’s position as a leader in RWA adoption, outpacing even Bitcoin in terms of real-world utility.
