MANTRA Kicks Off OM Migration With Key Steps for Token Holders

• MANTRA pulls OM liquidity from Osmosis before 4:1 split, urges migration.
• Timeline clash with OKX prompts warning to withdraw OM and use official migration channels.

MANTRA has announced that it will withdraw OM/BTC liquidity from the Osmosis decentralized exchange as the project prepares for an upcoming token split.

In a post on X, the team said that “today is the day we leave our old friends on OSMO behind,” signaling the shift of activity away from Osmosis and onto MANTRA’s own mainnet.

The move comes ahead of a planned MANTRA split upgrade. To receive full credit in the 4:1 split, users are instructed to transfer their OM tokens from Osmosis to the MANTRA mainnet. 

Token holders who fail to complete the migration before the upgrade may result in not receiving the full allocation from the upcoming token distribution.

OKX Sparks Confusion Over OM Migration Dates

As part of the migration, OM will transition from an Ethereum-based ERC-20 token to one native to the Mantra Chain. The actual migration is scheduled to happen only after January 15, following the deprecation of the current ERC-20 token.

Issues have emerged between MANTRA and crypto exchange OKX over conflicting information. On Friday, OKX published a post in which it announced support for the OM token migration and stated that this process would occur between December 22 and December 25. These dates, however, directly conflict with the timeline specified in its governance proposal.

MANTRA CEO John Patrick Mullin publicly addressed the misinformation on Monday, saying, 

Mullin also noted that OKX had cited “arbitrary dates throughout December 2025” and said there had been no direct communication from OKX since April 13.

MANTRA urged Users to shift OM before mid-January

The project has urged users to stop trading OM on Osmosis and move their holdings to its mainnet before the mid-January upgrade. This is considered the first action required in the broader transition, followed by the removal of liquidity pools.

MANTRA stated that it has kept open channels with other major exchanges during the process. However, it emphasized the importance of avoiding intermediaries that may misrepresent migration details, pointing to the OKX case as a caution.

In August, we reported that Mantra announced a $25 million OM token buyback backed by key investors, lifting total commitments to 45 million to support its RWA focused ecosystem.

As of press time, the OM token is trading at $0.07577, reflecting a modest 1.1% increase over the past day. Despite the price movement, trading volume has declined by 1.82%, bringing it to $20.81 million.