Upbit, the South Korean exchange, has listed Mantra (OM). OM crypto prices rallied 30%, but will it recover April losses? Mind of Pepe presale raises over $9.8 million, offering a 230% staking APY.
The collapse of Terra (LUNA) was a painful lesson for the crypto market. When FTX crashed, regulators couldn’t take it anymore and swiftly activated Operation Choke Point 2.0.
It took months for the crypto market to recover from the losses of December 2022, but when it did, Bitcoin and some of the best cryptos to buy soared to new all-time highs.
In April 2025, the collapse of Mantra crypto prices revived memories of LUNA and UST: the pain of loss after trusting crypto founders.
The OM/USDT crash was one of the steepest in recent history. Though prices are moving sideways as Bitcoin and Ethereum edge higher, there is hope.
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Upbit Lists OM
Yesterday, Upbit, a South Korean crypto exchange, announced the listing of OM and several other coins.
Within hours of this announcement, Upbit became a popular exchange for trading OM, second only to Binance. It is now the largest OM/KRW market, contributing nearly 15% of the total exchange volume as of May 22.
(Source)
The listing on Upbit is a breath of fresh air for OM.
With a new market, some investors may find opportunities to double down on Mantra, expecting the coin to reverse its losses.
Mantra Troubles: Will OM/USDT Recover?
The Mantra team blamed leading exchanges like Binance and OKX for not acting quickly enough to prevent the wave of liquidations during low-liquidity hours after the Sunday crash.
In roughly five hours on Sunday, April 13, the Mantra market cap lost over 90% of its valuation, with investors losing $5.5 billion.
Before the sell-off, there were reports of insider trading and covert operations, alleging insiders deposited 3.9 million OM to OKX with the intention of dumping.
A wallet labelled as @LaserDigital_ deposited over $41M worth of $OM into OKX just 2 days ago.$OM price has dumped 90% in the last few hours❗️
This wallet received the majority of its $OM holdings from GSR over a year ago!
Address:
0xB37DBDec19737d52cDC8fD969B92bAA9e044f26A pic.twitter.com/PRoRFGNLRH— Amir Ormu (@AmirOrmu) April 13, 2025
This was particularly concerning since the Mantra team reportedly controls nearly 90% of the total supply. Additionally, there were reports of deliberate market manipulation and tokenomics changes aimed at propping up prices.
The sell-off exposed Mantra’s operational weaknesses.
The good news is that the team is now working to rebuild, and the Upbit listing is a step in the right direction.
Although OM/USDT prices rose nearly 30% yesterday, bulls must break and close above $0.52.
(OMUSDT)
On the downside, support is at $0.35.
If bulls defend this zone, prices could print higher highs, marking the first steps toward recovery.
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Mind of Pepe Raises Over $9.8 Million
It may take years for OM to reclaim its $7 peak and 2024 highs.
Accordingly, some OM holders are exploring Mind of Pepe.
This project, a prime candidate as the next crypto to explode in 2025, is actively building.
While it taps into the meme coin wave, Mind of Pepe also leverages AI to empower ambitious meme coin traders by offering dependable AI infrastructure that integrates available technologies.
Mind of Pepe is developing a modular crypto trading agent on X, using RAG, semantic vector matching, and other modern tech to track market narratives and token activities in real time.
The agent monitors sentiment trends, providing MIND holders with actionable insights.
Once it launches, Mind of Pepe will release MIND Terminal, where MIND token holders can access live analytics and other on-chain interactions, giving them a competitive edge.
In the ongoing Mind of Pepe presale, $9.8 million has been raised.
Each token is available for $0.0037515, offering buyers a big discount before MIND lists on multiple exchanges in nine days.
Presale investors can stake and earn a 230% APY, one of the highest yields in May 2025.
DISCOVER: Top Solana Meme Coins 2025: 7 Best Buys Updated
Upbit Listing Boosts Mantra OM Price, Mind of Pepe Presale Trends
- Upbit exchange lists Mantra
- OM crypto prices rally 30% after listing
- Mantra recovery anchored on rebuilding community trust after tanking in April
- Mind of Pepe trending, over $9.8 million raised
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