Mantra Restructures After Om Token Collapse And Tough Year 2026 - Analysis
RWA blockchain Mantra is restructuring and cutting staff after an OM token collapse and prolonged market pressure strained its business model in 2025.
Update Jan. 14, 2:20 pm UTC: This article has been updated to add comments from Manta CEO John Patrick Mullin.
Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure.
On Wednesday, Manta CEO John Patrick Mullin announced that the company would transition to a leaner and more capital-efficient structure following a period of expansion. The changes include job cuts across multiple teams and a streamlining of operations to better match near-term market conditions.
“I take full accountability for these decisions and for the path that led us here,” Mullin wrote. “I know this is an incredibly challenging situation, particularly for those directly impacted, for their families, and for everyone at MANTRA. I’m especially sorry to those leaving us.”
Mullin said the restructuring was driven primarily by a broader strategic reset rather than a narrow focus on cost reduction.
He told Cointelegraph that while downsizing would lower expenses and extend runway, the core motivation was to sharpen execution and concentrate resources on areas where Matra sees the strongest long-term opportunities.
“This hasn’t changed our core RWA strategy in the slightest. If anything, we are doubling down on it,” Mullin told Cointelegraph, adding that they are prioritizing their layer-1 chain, mantraUSD, and Mantra Finance.
The restructuring follows a steep decline in Mantra’s OM token that began early last year.
According to CoinGecko, the OM token reached an all-time high of $8.99 on Feb. 23, 2025, before collapsing sharply to $0.59 by April 15. It remains around 99% below its previous high before the collapse.
Source: CoinTelegraph
