The Mantra OM Coin price is showing signs of a strong rebound, surging over 60% in the past 24 hours following a dramatic 90% crash. This resurgence has revived investor optimism despite early volatility and uncertainty surrounding the token’s future. While some relief bounce is expected after such a steep decline, reaching this new high still faces further challenges for OM Coin to regain widespread confidence. 24-hour data reveals the token’s price reached $0.8181, with a market cap of $798.83 million and trading volume exceeding $1.5 billion. The surge follows an alarming 93% plunge just yesterday, marking a sharp turnaround for the token. The sudden drop was attributed to Binance’s actions, as social media investigations pointed toward restricted liquidity on the platform potentially contributing to the initial crash. However, Binance denied these allegations, asserting that they were simply closing their staking contract based on its expiry date and didn’t initiate any sell-off activity. 30% of the recent rebound may be attributed to buying pressure from traders hoping to capitalize on a relief bounce following such a massive drop. Despite facing initial challenges from this crash, Mantra’s token has been bolstered by their real-world asset (RWA) tokenization partnership with DAMAC Group in the Middle East. This move significantly expands OM’s reach within the expanding tokenized assets market and positions it as more than just speculative investment. The team’s transparency during the crash, attributing the crash to forced liquidations on exchanges, also played a crucial role in restoring investor confidence. With previous robust rebounds and institutional backing, the future of OM Coin appears promising as the market for RWA tokenization continues to expand.