MANTRA [Old] (OM) has exploded 429.2% in the past 24 hours, reaching $0.066886 as of 2:07 AM UTC on April 5, 2026, in one of the most dramatic single-day rallies in recent cryptocurrency market history.
The token’s market capitalization surged by $262.8 million, rising 429.4% to reach $324 million, propelling OM to the #122 position among all cryptocurrencies by market cap. Trading volume reached $6,281.72 during the period.
Extreme Price Movement Details
OM opened the 24-hour period at approximately $0.012 and peaked at $0.066885, representing a more than 5x increase in value. The token’s hourly price change of 398.6% indicates the surge accelerated dramatically in recent hours.
Over the past week, OM has gained 484.3%, extending what appears to be a significant recovery rally. The 30-day performance shows a modest 0.89% gain, suggesting the majority of this movement occurred very recently.
Market Context
The token is trading significantly below its all-time high of $8.99 reached on February 23, 2025, representing a 99.3% decline from that peak. However, the current price marks a 507% increase from its all-time low of $0.011 set just days ago on March 31, 2026.
With a circulating supply of 4.84 billion OM tokens and a total supply of 7.11 billion, the fully diluted valuation stands at $475.4 million based on current prices.
What This Means for Traders
Such extreme volatility typically signals either major fundamental developments, coordinated buying activity, or technical factors affecting liquidity. The relatively low trading volume of $6,281.72 compared to the market cap suggests this movement may have occurred on thin liquidity.
Traders should exercise extreme caution with assets experiencing such dramatic price swings, as rapid reversals are common following parabolic moves. The designation “[Old]” in the token name may indicate this is a legacy token version, which could explain unusual trading patterns.
This is a developing story. Always conduct thorough research and consider the risks before trading volatile assets.
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About the Author: Ananya Melhotra
