Mantra Is Changing Things Up After a Tough Year and a Drop in the Value of the OM Token

Mantra, the real-world assets (RWA) blockchain project, is restructuring and letting people go because it had a rough year with the OM token’s value dropping a lot and market pressure making its business model less viable in 2025.

This week, Mantra’s CEO, John Patrick Mullin, said that the company would be changing to a structure that is more efficient with its capital and less wasteful. The company is cutting back on its operations and laying off workers in several departments to better fit with what the market is like right now.

Mullin said, “I am fully responsible for these decisions and the path that brought us here.” “This is a very hard time for the team, their families, and everyone at MANTRA.” I’m sorry for the people who are leaving. He made it clear that the move is not only to save money, but also to change the company’s strategy.

Mullin said that laying off workers will help the company save money and give it more time to grow. However, the main goal is to improve execution and focus resources on the company’s best long-term opportunities.

“We are still committed to the RWA strategy, and maybe even more so,” Mullin said. “We’re going all in on it.” He talked about three important things: the layer-1 chain, mantraUSD, and Mantra Finance.

Problems With the Market and the OM Token Crash That Keep Happening

The restructuring happened after the OM token fell a lot in early 2025. On February 23, 2025, OM was worth $8.99, which was its highest point. By the middle of April, it had dropped to $0.59, which is about 99% less than its previous high.

Mantra said in late April that the crash was caused by centralized exchanges’ aggressive leverage policies. They also said that cascading liquidations could be bad for all crypto projects as a whole. Mullin said that the event was bigger than Mantra and asked exchanges to think about how they use leverage on native tokens again.

When the market fell, Mantra did a lot to make governance and transparency better. These included moving validators to different places, making a real-time tokenomics dashboard, and burning 150 million staked OM tokens to lower the supply. But the project’s finances were still hurt by the bad market conditions, which made the leaders decide to cut costs.

Cost Control and Keeping an Eye on Things

According to the leadership, most of the people who were laid off worked in business development, marketing, human resources, and other support roles. This is because Mantra is putting all of its resources into its main execution pathways. Mullin said that the company’s cost structure could no longer work in the current market. The only way to save the company’s future and runway was to restructure.

Issues With OKX

The news comes after months of problems with the OKX cryptocurrency exchange. Mullin told OM holders to move their tokens out of OKX in December because he thought the exchange was giving out wrong information about a token migration. OKX said it had proof that the market was working together before the crash in April.

Looking Ahead

Mantra wants to make sure that its most important RWA projects stay at the top of the list as the strategic reset begins. The company says that its long-term goal is still to provide value through its layer-1 chain, mantraUSD, and Mantra Finance, even though it is cutting costs in the short term. The leaders said they were in charge of making the hard choice and promised to move forward in the areas they think have the best chance of long-term growth.

Mantra Is Changing Things Up After a Tough Year and a Drop in the Value of the OM Token

Mantra, the real-world assets (RWA) blockchain project, is restructuring and letting people go because it had a rough year with…

January 14, 2026

Mantra Is Changing Things Up After a Tough Year and a Drop in the Value of the OM Token

Problems With the Market and the OM Token Crash That Keep Happening

Cost Control and Keeping an Eye on Things

Issues With OKX

Looking Ahead