Crypto investor turns $106k to $8m as Mantra Price Surges

Mantra price has performed well since 2024, growing it from a small cryptocurrency to one of the largest players in the industry with a market capitalization of almost $4 billion.

Mantra (OM) remains in a tight range as it avoids the ongoing sell-off in the cryptocurrency industry. It was trading at $4, just a few points below its all-time high and 27,000% above its 2024 low.

The rise in OM’s price created significant wealth for early investors. According to Nansen, the most profitable investor made a profit of over $8.25 million. This investor currently has $7.3 million in unrealized profits and has already sold $940,000 worth of tokens. As shown below, this person started 2024 with just $106,000 worth of OM tokens and has since grown to over $8.2 million.

Investor’s Mantra holdings soar | Source: Nansen

Mantra’s impressive price growth can be attributed to its strategic position in the Real World Asset tokenization sector. RWA allows users to tokenize physical assets such as real estate, making them tradable on blockchain networks.

On Thursday, Mantra announced a new partnership with DAMAC, a major real estate company that previously collaborated with Donald Trump. As part of this agreement, DAMAC’s real estate assets will be tokenized and made available to the Mantra network. The company expects to tokenize approximately $1 billion worth of assets through this partnership.

Mantra has made similar announcements before. It signed a deal with MAG Partners, a major real estate firm, to tokenize real estate assets worth $500 million. The company has also partnered with Libre Capital to facilitate tokenized money market funds.

To further strengthen its ecosystem, Mantra launched Mantra Chain, a layer 1 network focused on creating tokenized assets. Users can stake their tokens on the Mantra mainnet and earn KARMA tokens by completing various tasks.

Technical experts suggest Mantra price has further upside | Mantra price chart | Source: crypto.news

The daily chart shows that OM has been performing strongly in recent months and has consolidated to form a bullish pennant formation in the last two months. This pattern, which consists of a vertical rally followed by a symmetrical triangle, usually indicates the potential for more gains.

Mantra’s price remains stable above the 50-day moving average, indicating that the bullish momentum is intact. The most likely scenario is for the recovery to test the all-time high of $4.62. A successful break above this level could open the door to further gains and potentially push the token to $5.