MANTRA [Old] (OM) has recorded one of the most dramatic price movements in the crypto market today, surging 295.1% in 24 hours to reach $0.069198 as of 22:51 UTC on April 23, 2026.
The token’s market capitalization has exploded by $255.7 million, climbing from approximately $85.7 million to $341.3 million, representing a 298.5% increase. This surge has pushed OM to rank #128 by market cap.
Extreme Price Action
The price movement shows extraordinary volatility, with the 24-hour range spanning from a low of $0.0136 to a high of $0.0692. The last hour alone saw a staggering 386.3% gain, indicating accelerating momentum into the close of trading.
Over the past week, OM has gained 3.4%, but the monthly performance tells a more dramatic story with a 467.8% increase over 30 days.
Recovery from Recent Lows
The surge represents a significant recovery from OM’s all-time low of $0.0109 recorded on April 16, 2026—just seven days ago. The token is now up 532.2% from that bottom.
However, OM remains far below its all-time high of $8.99 reached on February 23, 2025, still down 99.2% from that peak.
Market Dynamics
With a circulating supply of 4.93 billion tokens out of a total supply of 7.14 billion, approximately 69% of the total supply is currently in circulation. The fully diluted valuation stands at $494 million.
Notably, trading volume remains relatively modest at $124.54 in the tracked period, which appears unusually low given the magnitude of price movement and could suggest limited liquidity or potential data reporting delays.
What This Means for Traders
The extreme volatility and recovery from seven-day lows suggest potential catalysts are driving renewed interest in the legacy MANTRA token. Traders should exercise extreme caution given the 386% hourly gain and the token’s historical volatility, including its 99% decline from all-time highs.
The low reported trading volume relative to the price surge warrants careful verification before taking positions.
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About the Author: Ananya Melhotra
