$92.5M worth of Mantra (OM) tokens have been transferred into Binance in the past 24 hours. The Binance deposit address (0x575) received approximately $20M in OM tokens from two addresses: 0x728 and 0xD99, which have unstaked a collective $80M in OM over the past week.
The remaining $70M worth in OM was deposited from a third address, 0x284, which has sent out a total of $173M worth in OM to three other Binance deposit addresses and two OKX deposit addresses over this week.
OM has been an exceptionally strong token throughout this bull cycle, having returned more than a 5x since November 2024. While some attribute this to a low float and an excellent market maker, it remains to be seen if its performance can be maintained into the future.
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