Whales Cashing Out Mantra Crypto Prices Skyrocket

Mantra (OM) crypto jumped explosively throughout the previous 24 hours, delivering a 40% increase and establishing its value at $7.53.

The token’s market capitalization rose to $7.32 billion through a 37.71% growth.

This price increase coincided with massive trading activity because the market volume exceeded initial forecasts by 620%, making it reach $984.33 million during the 24 hours.

Mantra Crypto Whales Depositing Into Exchanges

The recorded on-chain data indicates that million-dollar investors transferred their $OM tokens to exchanges.

In March 2024, the whale trader 0x177e6 attracted news headlines because of its lucrative business dealings and OM token accumulation effort.

The trader bought 11.5 million OM tokens through the Binance exchange for $0.63 per token for an investment value of $6.9 million.

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The trader started selling Mantra crypto from multiple exchange address deals through Binance on February 15, 2025, when OM reached its all-time high of $7.53.

Substantial profits of $77 million emerge from selling the position at prices because the 11x return on investment equals $77 million.

Source: @spotonchain on X

According to analysts, the massive pump by Mantra could mean more could be coming for the altcoin markets.

Javon Marks highlights that OM did this in a slower alt scene, which could mean a massive pump for altcoins could come once this overall market picks, which can happen at a historical level.

Source: X

Mantra ($OM) Price Analysis and Outlook

The OM crypto price chart on Binance demonstrates a robust upward trend escape aftermarket stabilization during a downward movement.

Before the breakout occurred, the price moved steadily downward while forming lower highs and lower lows, demonstrating negative market sentiment.

The upward price explosion created a significant green candlestick formation coinciding with extensive trading volume surges.

The price surged quickly above resistance, indicating passionate interest from buyers and investors in short position coverings.

The breakdown area shifted from $7.00 to $7.40, showing market stakeholders taking profits while building position strength.

The market action demonstrated continuously rising values through an extended consolidation of $7.60–7.80.

New support levels developed because buying pressure continues to dominate while the asset potentially prepares to advance again.

30-Minute Mantra/USDT Chart | Source: TradingView

The rally gained inspiring momentum because buyers dramatically raised their volume commitment when it broke out.

The buying pressure outpaced the selling pressure based on the volume delta, which validates the long-term strength of upward price momentum.

A price breakout above the upper resistance area indicates potential ongoing upward movement on Mantra.

On the other hand, a lack of support for the current levels might trigger a pullback to lower zones before another price increase attempt.

Price data signals ongoing market bullishness because of sustained demand from traders.

If market demand remains stable at these current levels, an upward extension in the Mantra crypto price is possible.

A breakout below the consolidation zone would reevaluate support levels, validating new support before the following price movement.

Source: https://www.thecoinrepublic.com/2025/02/16/whales-cashing-out-mantra-crypto-prices-skyrocket/