The monster coins are available every year, and there are also many this year.

To talk about OM, let’s briefly introduce MANTRA first. OM is a native token issued by MANTRA. The predecessor of the project was MANTRA DAO. It was established in 2020. It was established based on Polkadot at the beginning, focusing on staking and lending. In short, it is Defi, and later turned into an L1 blockchain with RWA as the core. According to Rootdata's data, the project also has a number of luxury investors, including Shuidi Capital and Lede Capital. In March last year, it also completed a US$11 million financing led by Shorooq Partners. RWA's business is also progressing quite well. MANTRA signed an agreement with UAE property developer Damac Group in January this year, planning to tokenize the assets of DAMAC Group worth at least US$1 billion this year. No matter how the project develops, at least the operation will continue. For a token, it is already a bit of a background to be able to exist for 5 years. OM has also successively joined OKX and Binance, which can indirectly indicate that the team behind it is strong.

Before, industry insiders have revealed that the MANTRA team has 90% of the supply of OM tokens. Crypto analyst Mosi once mentioned that OMTVL has only less than US$4 million, but has more than US$10 billion FDV. The core is that the team controls price by mastering the circulation of OM. What’s even more ridiculous is that these tokens are all concentrated in a single wallet, and the MANTRA team holds 92M OM in the wallet, which is 90% of the supply. According to its analysis, the true circulation of OM is up to 188 million.

More notable is that the founding team of MantraDAO is highly similar to the Penta model of the zero-return project in 2018. Both are under the banner of "Polkadot Ambassador, all overseas teams, and big narratives". However, MantraDAO also joined the Chinese people's ground promotion model, using the blind trust of Chinese people in overseas people at that time to promote the capital harvesting. Wu said that at the same time, the CEO of MantraDAO, John Patrick Mullin, was a soft writer of Xiaoyicoin, used to be involved in the zero-return currency TIO and the run-off exchange Trade.io. This statement is not groundless in the team. In terms of price trends, the nature of OM strong bank control is already very obvious. In 2023, the FDV of this project is less than US$20 million.In just one year, it has risen 200 times and jumped to billions, focusing on the hottest RWA field, and even becoming the currency with the highest increase in Binance in 2024.

Binance also mentioned that "Since January this year, Binance has issued a warning on its spot trading page for OM tokens, informing users that the token's token economics has undergone major changes and the supply has increased. Binance will continue to closely monitor the situation and continue to take appropriate measures."

The market has developed to the present day, and the resource and technology, the coin price and the adoption are showing a clear trend. At the frequently held conferences, most project parties are worried about why they are also operating, but the price of coin has not risen for a long time. Compared with polishing products and technology, coin prices have become the first priority. After all, Ethereum led by Vitalik is ahead, and other project parties dare not make rash efforts. But fortunately, a few project parties said that the bear market will be more active in making products with actual demand and sustainable development.