MANTRA is currently trading at $0.59, having recently experienced a sharp decline despite a brief relief rally that peaked around $0.70. The token has dropped approximately 15% since that short-lived bounce.
The situation surrounding MANTRA appears uncertain, with its founder, JP Mullin, taking part in multiple interviews in an attempt to address concerns, though the full details of the issue remain unclear.
The project has now lost its $600 million market cap, drawing comparisons to the dramatic crash of Luna Classic. Investors who entered the market at higher price points, especially those who bought in at $6 or more, are facing significant losses.
Despite a brief period where some traders capitalized on the dip to $0.37 and saw gains of up to 65%, overall sentiment remains deeply bearish, and volume has been notably lacking.
Market-wide indecision and consolidation have created a tense atmosphere, and broader movement may hinge on global political developments.
This article explores MANTRA’s price outlook and highlights the Solaxy presale, which crypto analysts view as a promising alternative amid MANTRA’s recent downturn.
Source – Jacob Crypto Bury on YouTube
$OM Price Prediction
The MANTRA token has continued its downward trajectory after failing to hold above the $0.638 resistance level. The current price action, as of April 20th, shows a consistent pattern of lower highs and lower lows, reflecting persistent selling pressure.
Immediate resistance is now found around the $0.610–$0.620 range, where multiple intraday recovery attempts have been firmly rejected. On the downside, the next critical support lies near $0.575; a breakdown below this level could pave the way for a further decline toward $0.540.
Unless $OM can reclaim the $0.610 level and flip it into a reliable support, the short-term outlook remains bearish. Trading volumes on major blockchains such as Solana and Ethereum have also dropped significantly compared to the record-breaking levels seen in January 2025.
That said, following the recent sharp decline, MANTRA’s RSI appears to be approaching oversold territory. This could trigger a short-lived relief bounce—though any such move is unlikely to reverse the prevailing downtrend unless trading volume picks up and overall market sentiment improves.
While long-term holders from early 2023 are still sitting on substantial gains, more recent investors—especially those who entered during late 2024—have experienced steep losses, with the token undergoing a staggering 94% correction.
Solaxy Raises $30.8M in Presale – Here’s Why Investors Are Favoring This New Layer 2 Over MANTRA
Despite the bearish tone, there are still opportunities for investors seeking high-potential alternatives to MANTRA. Solaxy (SOLX), a new project currently in presale, positioning itself as the first-ever Layer 2 blockchain built specifically for Solana.
Its development is aimed at solving one of Solana’s most persistent issues—network congestion and transaction failures during high-traffic periods.
Unlike the main Solana network, which has occasionally experienced bottlenecks, Solaxy claims to provide a smooth, fast, and cost-efficient environment that enhances overall blockchain performance.
Designed to be more scalable than Solana itself, it introduces off-chain execution and advanced scalability mechanisms that aim to neutralize congestion, effectively eliminating failed transactions and system downtime even under pressure.
What makes Solaxy stand out is its integration of Layer 2 technology into the meme coin narrative, blending functionality with market appeal. The project offers a uniquely memeable identity while boasting serious technical advantages that could benefit developers, DeFi users, and investors alike.
In a developer update released on April 15th, the team shared several key advancements across data availability, rollup performance, and bridging.
Analysis revealed that with optimal configurations, the system can sustain data throughput of 140KB/s on the Solana mainnet, significantly improving storage speed and overall user experience. Minor enhancements were also made to the CLI interface.
On the rollup front, efforts are ongoing to boost throughput, with a target of reaching 10,000 transactions per second. Meanwhile, bridging improvements include the implementation of proper CORS support within the SDK.
The team is now working to resolve bugs that cause rollup behavior to diverge from the expected native Solana Layer 1 standards, which has affected UI compatibility.
The Solaxy presale appears to be gaining momentum quickly, with Solaxy raising over $30.8 million in a short period—indicating strong market interest and investor confidence.
The current price is set at $0.0017 per token, and it supports purchases via $ETH and $USDT through popular wallets like MetaMask, Coinbase Wallet, and Best Wallet. The total token supply is 138,046 billion, with a transparent breakdown of allocations available for investors to review.
From a utility perspective, Solaxy isn’t just another meme token. It integrates robust staking mechanisms with lucrative reward structures. Almost 9 billion $SOLX tokens have been staked so far, providing participants with an impressive annual yield (APY) of 131%.
This adds an extra layer of incentive for long-term holders and active participants in the ecosystem. The token also boasts multi-chain potential, setting the stage for broader interoperability beyond just Solana.
The developers describe Solaxy as a missing piece in Solana’s architecture—an upgrade that not only boosts performance but also redefines the chain’s capabilities in handling DeFi applications and high-volume transactions.
With a strong social presence of nearly 80,000 followers on Twitter and Telegram, Solaxy is strategically positioned for significant growth.
As it continues to raise funds to build out its Layer 2 infrastructure, the project invites early adopters to be part of what could be a crucial advancement for Solana-based applications. To take part in the $SOLX token presale, visit solaxy.io.