MANTRA Announces Restructuring to Cut Costs and Stabilize Operations
- Restructuring Amid Market Pressure: On January 14, MANTRA CEO John Patrick Mullin confirmed the initiation of a restructuring process due to significant financial strain from events in April 2025 and prolonged weak market conditions, leading to staff cuts to address cost challenges.
- Token Market Value Decline: The market value of MANTRA's OM token is now just over $90 million, reflecting a nearly 90% drop from pre-April 2025 selloff levels and almost 99% below its all-time high in February 2025, highlighting the severe challenges faced by the company.
- DeFi Ecosystem Contraction: Data from DefiLlama indicates that the total value locked in MANTRA's decentralized finance ecosystem has fallen to under $1 million, representing an over 80% decline from its earlier peak, underscoring broader issues confronting real-world asset blockchain projects.
- New Strategy Progressing: Despite cost-cutting measures, MANTRA continues to focus on product development, recently launching mantraUSD, a stablecoin backed by short-term U.S. Treasury bills, aimed at becoming the primary on-chain currency for accessing real-world asset products in its DeFi ecosystem.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000695 | 0.00175 | 0.00258 | 0.00363 | 0.00446 | 0.00552 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00292 | 0.00363 | 0.00435 | 0.0048 | 0.00552 |
About TOKEN
About the author
