MANTRA [Old] (OM) has exploded over 400% in the past 24 hours, surging from $0.0134 to $0.067239 as of April 6, 2026, in one of the most dramatic single-day rallies in recent crypto market history.
Massive Price Movement
The token reached an intraday high of $0.067353 after opening at just $0.01341476, representing a 400.86% gain within 24 hours. This extraordinary movement has pushed OM’s market capitalization from approximately $65 million to $325.8 million, adding over $260 million in valuation.
The surge represents a 495% gain over the past 7 days, indicating sustained momentum beyond just the 24-hour period.
Market Cap and Ranking
MANTRA [Old] now holds the #123 position by market capitalization at $325.8 million, up from a significantly lower ranking just one day ago. The market cap change of $260.82 million in 24 hours represents a 401% increase, nearly identical to the price percentage gain.
With a circulating supply of 4.85 billion tokens and a total supply of 7.11 billion, the fully diluted valuation now stands at $478 million.
Trading Volume Concerns
Despite the massive price surge, trading volume stands at only $6,591.27 over the past 24 hours—an unusually low figure for such dramatic price action. This minimal volume raises questions about liquidity and the sustainability of current price levels.
Historical Context
The current price remains 99.25% below OM’s all-time high of $8.99 reached on February 23, 2025. However, the token has surged 510% from its all-time low of $0.0110 recorded on March 31, 2026, just six days ago.
Market Implications
The dramatic price movement with exceptionally low trading volume suggests potential liquidity issues or limited market depth. Traders should exercise extreme caution, as such conditions can lead to high volatility and difficulty executing orders at desired prices.
The 1-hour price change shows minimal movement at 0.01%, suggesting the surge may be stabilizing at current levels, though the sustainability of these gains remains uncertain given the volume concerns.
Last updated: April 6, 2026, 00:07 UTC
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About the Author: Ananya Melhotra
