South Korea’s leading cryptocurrency exchange, Upbit, has once again drawn attention in the digital currency world. This time, the exchange’s listing of the MANTRA (OM) token has led to a surge in its price, increasing by an impressive 15.7% just hours after the market opened on May 21, 2025. The listing comes at a critical juncture for the token, following a catastrophic price crash in April that wiped out billions in market capitalization.

A Second Chance for MANTRA (OM)

The May 21 listing marked a fresh beginning for MANTRA (OM), which had suffered a devastating blow in mid-April. On April 13, 2025, OM’s price plummeted by 90% in a shocking crash that erased over $5.5 billion in its market value. The dramatic fall was largely attributed to forced liquidations during low trading hours, which caused panic among investors.

In the aftermath of the crash, the token’s development team, led by CEO John Patrick Mullin, implemented measures to restore investor confidence. These included a commitment to burn 300 million OM tokens—150 million of which were team tokens owned by Mullin. This move aimed to reduce the circulating supply and help stabilize the market.

Although the token burn had a modest impact on OM’s price, it remained well below the $1 mark, leaving investors cautiously awaiting further developments. The listing on Upbit, however, seems to be the catalyst that has raised renewed interest.

Upbit’s Role in the Surge

Upbit officially began trading for OM on May 21, 2025, at 15:00 Korea Standard Time (KST). The move quickly impacted the market. As soon as the listing was live, the price of OM surged by 15.7%, climbing to $0.44. The trading volume also saw a notable increase, rising by 154.4%—an indication of heightened investor engagement and a stronger market presence.

This surge is significant because Upbit’s listing has not only brought back investor confidence but also restored some of the value lost during the previous crash. The listing also highlights the influence that major exchanges like Upbit have on market sentiment. As the largest cryptocurrency exchange in South Korea, Upbit has a trusted reputation, which likely contributed to the renewed investor interest.

The Impact on Other Cryptocurrencies

Upbit’s listing event wasn’t limited to OM alone. Alongside MANTRA (OM), the exchange also introduced trading for five other altcoins: Access Protocol (ACS), GoChain (GO), Observer (OBSR), Quiztok (QTCON), and Rally (RLY). These tokens also saw strong price movements, though none matched the explosive rise of OM.

GO and RLY were the standout performers in this group. Following Upbit’s listing, both tokens saw significant gains. GO’s price surged by 105.8% shortly after the statement, while RLY’s rise was even more dramatic, hitting 136.3%. However, by the time the markets adjusted, GO and RLY saw a slight correction, with their prices stabilizing at 52.1% and 21.8%, respectively.

Meanwhile, ACS, OBSR, and QTCON also experienced price gains, though more modest than their counterparts. ACS gained 12%, OBSR saw a 6% increase, and QTCON rose by 18%. At the time of writing, ACS had adjusted to a 5.3% increase, OBSR was up by 3.0%, and QTCON posted a 4.4% gain.

The Ripple Effect of Upbit’s Influence

These gains across multiple tokens underscore the significant role that Upbit plays in shaping market dynamics. With a portfolio that includes over 240 cryptocurrencies and a trust score of 8 out of 10, the exchange is a major player in the global cryptocurrency market. Upbit’s 24-hour trading volume stands at a substantial $1.81 billion, further reinforcing its impact on the digital asset landscape.

The price movements of these tokens—especially the larger jumps seen in GO and RLY—highlight the powerful influence Upbit has over market sentiment and investor behavior. When a major exchange lists a token, the impact is felt not just in the price but also in the volume of trades, as seen by the sharp uptick in OM’s trading volume. This surge is indicative of a broader shift in investor attention, driven by Upbit’s influence and the renewed belief in certain cryptocurrencies.

The Road Ahead for MANTRA (OM)

While the listing on Upbit is a positive development for MANTRA (OM), the road ahead is far from certain. The token remains well below its pre-crash value, and much of its future will depend on continued efforts to regain investor trust. The token burn initiative is an important step in this direction, but the market will be closely watching for additional developments from the team.

For now, the price surge fueled by Upbit’s listing represents a glimmer of hope for the token’s recovery. If OM can maintain momentum and show sustained price stability, it may be able to regain some of its lost market value and rebuild its standing among investors.

Conclusion: A New Beginning for MANTRA (OM)

Upbit’s listing of MANTRA (OM) has injected new life into a token that was struggling to recover from one of the most dramatic crashes in recent memory. The price surge and increase in trading volume suggest that investors are once again paying attention to OM, signaling a potential revival. With strong moves to burn tokens and a growing market presence, the coming weeks will be crucial in determining whether OM can fully recover and re-establish itself as a major player in the cryptocurrency space.