Mantra’s native token, OM, is in the middle of an unexpected rally, up over 45% in the past seven days.
of A rally that ignored the market is in the midst of possible delisting from the Hyperliquid exchange market as a result of the protocol’s recent rebranding as it transitions from ERC-20-based tokens to an independent layer-1 blockchain.
Source: CoinMarketCap
The token suffered a significant drop within minutes in April 2025, eventually causing the top exchanges to drop Like KuCoin Delete a list of token pairs. However, the sudden increase suggests that investors are unfazed by the disruption and support the protocol’s position and regulatory compliance.
When will Hyperliquid vote to delist Mantra’s OM token?
Hyperliquid validators are scheduled to vote on the delisting of the OM token on February 23, 2026. platform to vote New on-chain voting systemadded earlier this year, allows for unauthorized stake-based delisting decisions as soon as a quorum is reached.
With the new voting system, once a sufficient number of validators decide to remove an asset, the last average market price before removal will be used to terminate the asset’s trading contract.
Once a token is removed, all active trades will be automatically settled and all outstanding orders on the token will be cancelled. After the decision is made, the trader will have one hour to close the position themselves or leave it until it closes automatically.
This vote comes just as major changes are occurring in the Mantra ecosystem, which has led to other major exchanges like KuCoin delisting the OM token as of February 20th.
Additionally, Digitalexchange.id also: similar movement In December 2025, we will notify users to close their positions by January 15th.
Why is Mantra rebranding?
Mantra’s rebrand was inspired by the switch from a multi-chain DeFi platform to an independent layer 1 blockchain dedicated to real-world asset tokenization. The project is switching from Ethereum-based ERC-20 OM tokens to native MANTRA tokens, introducing a 1:4 token split to ensure no one loses asset value during the transition.
The move (originally set for January 19th) was postponed to March 2nd to allow the exchange to complete system integration and the project to complete security checks on smart contracts.
This will allow users who hold OM as an ERC-20 token to convert it using the Mantra Bridge portal. On the other hand, users who already hold Mantra’s OM tokens do not need to make any effort as their tokens will be converted automatically.
OM rises despite delisting risk
This price movement could be seen as investors’ belief in Mantra’s future plans and regulatory compliance. Securing a VASP license From VARA in Dubai. Investors on that side believe Mantra’s significant value outweighs the short-term risk of being removed from some exchanges.
For Hyperliquid, validator voting is a test of how well decentralized governance works in practice. Voting allows users involved in the results to choose what is best for their system.
Whatever is decided, it shows how well the community-driven platform handles controversial assets.
Regardless of the outcome, Mantra’s surge amid a possible delisting suggests some investors believe in a long-term strategy over short-term currency benefits.
