Binance has announced it will stop supporting MANTRA’s OM token on Ethereum and BNB Smart Chain networks from September 26, 2025. Users will no longer be able to deposit or withdraw OM on these chains, with any post-deadline transfers resulting in lost funds. Other supported networks will continue as normal, and OM trading remains unaffected.
MANTRA welcomed Binance’s role in facilitating its migration to Mainnet, calling the transition “epic” for the community. CEO JP Mullin confirmed rapid progress in the migration, highlighting Binance’s assistance in the process.
OM’s price fell 7.43% following the announcement. The update comes after MANTRA launched a $25 million OM token buyback in August, backed by a $20 million investment from Inveniam, bringing commitments to $45 million. The buyback, representing about 10% of OM’s circulating supply, is intended to boost long-term value and reinforce MANTRA’s positioning within the growing real-world asset tokenization segment.
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