MANTRA Announces Restructuring to Cut Costs and Stabilize Operations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 16h ago- 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.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
