Mantra crypto went viral after a big 90% dip last April, shedding billions in market cap from a peak of close to $6 billion. Now trading around $0.23, the coin holds just shy of $250 million market cap. Today, although it has begun, the $25 million Mantra crypto buyback, has not seen the token doing any major movement yet.
The Mantra buyback itself is backed by investors, which buying tokens from crypto exchanges to move and stake them on-chain.
This move follows a $20 million injection from Inveniam, which pushes the total commitments to $45 million. Execution will be going over months via independent firms, of course, with on-chain tracking for transparency.
Mantra crypto buyback is not all. The upcoming MultiVM mainnet is in September, and research into the yield-bearing stablecoin mantraUSD also has people eyeing the OM crypto.
(OM/USD, source – TradingView)
Can Buyback Move Mantra Back as One of The Top Crypto Coins?
For now, Mantra’s holder counts sit at close to 43,000 unique addresses on Ethereum, though totals definitely climb higher across chains like BNB and Polygon. Top wallets, including team and investor holdings, control significant portions under vesting schedules to 2027.
Drama unfolded post-crash when blockchain detectives spotted large Mantra crypto transfers to Binance and OKX, which, as usual, bumped the sell pressure. CEO John Patrick Mullin blamed reckless CEX liquidations, denying the event as an insider dump. Token burns targeting 300 million OM and relocked seeds followed to steady the ship.
(Mantra crypro holder counts, source – Etherscan)
However, Skeptics question the buyback’s impact, viewing it as a desperate bid amid lingering distrust from the April wipeout. However, whales have accumulated 42,000 ETH equivalents in Mantra crypto recently, displaying some confidence. Governance proposals also let holders influence future phases, potentially expanding buys.
The Mantra crypto buyback will then send the token for staking. It is a good mechanism for the buyback investors as staking ratio stands at 31.4%, yielding 5.73% APR.
Today we are announcing the first $25M $OM token buyback, backed by key investors and stakeholders.
Together with @InveniamIO's recent $20M investment, total commitments now reach $45M – reinforcing strong institutional confidence in OM’s long-term value, MANTRA’s wider #RWA… pic.twitter.com/3WtRd36YqZ— MANTRA | Tokenizing RWAs (@MANTRA_Chain) August 27, 2025
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Is Mantra The Crypto to Buy Now?
Mantra’s fall looks like memecoin volatility, where 90% drops are common yet often precede wild rebounds. Unlike Mantra’s regulated RWA focus, memecoins like those on Solana thrive on hype. This setup gives memecoins a sharper upside, turning crashes into launchpads for 100-1000x fast gains.
Data shows that Mantra 24-hour crypto volume stands at $45 million, up 6.6% post-announcement. Institutional backing from VARA-licensed and with PyseEarth launch incoming are bringing legitimacy back. If buybacks can in the end eat 10% of supply, scarcity will spark recovery.
Memecoins, by contrast, bounce from similar dips through viral narratives and lower caps. Mantra serious infrastructure means slower climbs, but memecoins’ pure speculation offers explosive potential.
Memecoins also thrive with their on-chain nature, especially those that hate KYC-ing. The memecoin sector is anonymous, with most liquidity on-chain and not controlled by crypto exchanges. A third party is never required in memecoins.
Memecoins are full of the bull run, and utility coins are for the bear cycle.
Contrary to what many claim, Memecoins *do* have Utility.
In fact, they satisfy peoples’ thirsts far more pressing in the modern world than the problems solved by Tech projects.
Equipped with this understanding – ask yourself – which Memecoins provide the *best* such service? pic.twitter.com/LHAK98SJfN
— Murad 💹🧲 (@MustStopMurad) June 11, 2025
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Key Takeaways
- Mantra crypto went viral after a big 90% dip last April, shedding billions in market cap from a peak of close to $6 billion. Buyback coming?
- Is Mantra the best crypto to buy with its $25 million buyback?
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