MANTRA [Old] (OM) has experienced an extraordinary 279.8% price surge in the past 24 hours, catapulting to $0.066424 as of 6:22 PM UTC on April 12, 2026, according to live market data from CoinGecko.
The dramatic rally has pushed OM’s market capitalization to $322.5 million, representing a single-day increase of $237.6 million or 280%. This places the token at rank #127 by market cap across all cryptocurrencies.
Extreme Price Movement Details
The token opened the 24-hour period at approximately $0.0154 and reached an intraday high of $0.066426, marking a staggering 331% swing from low to high. The price action represents a recovery from the token’s all-time low of $0.011017 recorded on March 31, 2026, just 12 days ago.
Trading volume data shows $7,041.53 in 24-hour volume, which is notably low relative to the magnitude of the price movement, potentially indicating thin liquidity conditions during the surge.
Historical Context
Despite today’s explosive gains, MANTRA [Old] remains down 99.26% from its all-time high of $8.99 reached on February 23, 2025. The token experienced a severe decline from that peak, losing over 99% of its value before bottoming out last month.
The current price of $0.066424 represents a 502.9% increase from the all-time low established less than two weeks ago, suggesting either a technical bounce from oversold conditions or renewed fundamental interest in the project.
Extended Performance Metrics
Looking at broader timeframes, OM has delivered exceptional returns across multiple periods:
- 1-hour change: +315.6%
- 7-day change: -0.91%
- 30-day change: +313.3%
The negative 7-day performance despite today’s surge indicates the token was declining throughout the previous week before this sudden reversal.
Supply and Valuation
With a circulating supply of 4.86 billion tokens and a total supply of 7.12 billion OM, the fully diluted valuation currently stands at $473 million. The difference between market cap and FDV suggests significant token unlock risk remains for investors.
Market participants should exercise extreme caution, as the combination of massive percentage gains, low trading volume, and recent price history suggests high volatility and potential risk. The token remains 99% below its all-time high despite today’s gains.
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About the Author: Ananya Melhotra
