The Mantra Chain native token, OM, surged by 35% in the 24 hours, reaching $2.72, according to CoinGecko. This increase has pushed its market cap to $1.9 billion, up by 32% with a 24-hour trading volume surge of 215%, reaching $867 million.
The OM token is actively traded across multiple exchanges. The highest volume comes from Bitunix, with the OM/USDT pair priced at $2.21 and a 24-hour volume of $33.68 million, making up 3.88% of the total volume.
Other exchanges like Ourbit and DigiFinex also contribute significant volume, with Ourbit handling $13.23 million and DigiFinex seeing $80.2 million in trading volume.
However, shortly after the surge, the price dropped by 3% following a whale withdrawal of 1.2 million OM (approximately $2.6 million) from Binance. According to SpotOnChain, the whale “has withdrawn 19.47 million OM from Binance since December 24, 2023, at an average price of $0.662.”
Currently, the total supply of the tokens is 888.89 million, with 855.14 million of those tokens already in circulation.
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