MANTRA [Old] (OM) has experienced an explosive 298.1% surge in the past 24 hours, reaching $0.066831 as of April 24, 2026, marking one of the most dramatic price movements in the cryptocurrency market today.
The legacy MANTRA token saw its market capitalization jump by $247.2 million (299.5%) to reach $329.7 million, propelling it to rank #132 among all cryptocurrencies. The price surge represents a significant recovery from the token’s all-time low of $0.0109 recorded on April 16, 2026—just eight days ago.
Price Action and Trading Data
OM reached an intraday high of $0.069199 before settling at $0.066831, representing a 510.7% gain from its recent all-time low. The 24-hour trading range extended from $0.0136 to $0.069, showcasing extreme volatility during the session.
However, trading volume remains notably thin at just $6,472.80, raising questions about the sustainability of the price movement. The low volume relative to the market cap increase suggests concentrated buying activity rather than broad-based demand.
30-Day Performance Context
The current surge extends a remarkable 30-day rally, with OM gaining 446.5% over the past month. This recovery comes after the token crashed from its all-time high of $8.99 reached on February 23, 2025. Despite today’s gains, OM remains down 99.26% from that peak.
Interestingly, the 7-day performance shows a marginal 0.14% decline, indicating the majority of recent gains occurred within the last 24 hours.
Supply Metrics
With 4.93 billion tokens in circulation out of a total supply of 7.14 billion, OM has a fully diluted valuation of $477.1 million at current prices. The circulating supply represents approximately 69% of the total token supply.
Market Implications
The MANTRA [Old] designation indicates this may be a legacy token from a project migration or upgrade. Traders should exercise extreme caution, as the combination of massive price gains and minimal trading volume could indicate liquidity challenges for those attempting to exit positions.
The recent price action follows a pattern of extreme volatility, with the token experiencing both significant drawdowns and rapid recoveries. The hourly chart shows a 0.18% decline, suggesting some profit-taking may be underway after the explosive rally.
This is a developing story. Traders should conduct thorough research and exercise caution when trading assets with extreme volatility and low liquidity.
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About the Author: Ananya Melhotra
