MANTRA’s OM derivatives paused as 1:4 token redenomination and MANTRA Chain migration advance

MANTRA’s OM token is undergoing a governance-approved migration to MANTRA Chain, a 1:4 redenomination into MANTRA, and a ticker change, leading some platforms to halt OM perpetual futures trading. Coinbase Advanced and Coinbase International Exchange have paused OM perps as a precaution around the upgrade, while spot markets and custody can be handled separately. OM recently traded near $0.067 with an increase of over 5%, amid a broader downtrend since late 2025.