RWA Market Wobbles, But These Tokens Still Pack Long-Term Punch
- Despite a 2.29% drop in RWA market cap, user participation has risen 6.12%, signaling long-term sector resilience.
- Mantra’s OM proposes a $160M token burn to regain trust after insider dump rumors.
- SUI prepares for a $267 million unlock; ONDO and ALGO show strong bullish potential.
The Real World Asset (RWA) token sector saw a modest decline this week, with the total market cap slipping 2.29% to $45.76 billion. Daily trading volume dropped 16.74% to $1.87 billion, and on-chain value fell 5.49% over the past month to $18.91 billion.
Despite the cooldown, user participation is rising. Total RWA asset holders climbed 6.12% to 98,820, hinting that investors are maintaining long-term conviction even as short-term volatility sets in.
OM: Burn Proposal Aims to Reverse Bearish Sentiment
OM is down 6.41% in the last 24 hours, trading at $0.4959. The token has faced strong selling pressure, largely due to rumors of insider dumping.
To counter this, Mantra, the RWA tokenization platform behind OM, has proposed burning up to 300 million tokens (around 16.5% of total supply), including 150 million OM from founder John Patrick Mullin’s own stake.
The post RWA Market Wobbles, But These Tokens Still Pack Long-Term Punch appeared first on Coin Edition.
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RWA Market Wobbles, But These Tokens Still Pack Long-Term Punch
- Despite a 2.29% drop in RWA market cap, user participation has risen 6.12%, signaling long-term sector resilience.
- Mantra’s OM proposes a $160M token burn to regain trust after insider dump rumors.
- SUI prepares for a $267 million unlock; ONDO and ALGO show strong bullish potential.
The Real World Asset (RWA) token sector saw a modest decline this week, with the total market cap slipping 2.29% to $45.76 billion. Daily trading volume dropped 16.74% to $1.87 billion, and on-chain value fell 5.49% over the past month to $18.91 billion.
Despite the cooldown, user participation is rising. Total RWA asset holders climbed 6.12% to 98,820, hinting that investors are maintaining long-term conviction even as short-term volatility sets in.
OM: Burn Proposal Aims to Reverse Bearish Sentiment
OM is down 6.41% in the last 24 hours, trading at $0.4959. The token has faced strong selling pressure, largely due to rumors of insider dumping.
To counter this, Mantra, the RWA tokenization platform behind OM, has proposed burning up to 300 million tokens (around 16.5% of total supply), including 150 million OM from founder John Patrick Mullin’s own stake.
The post RWA Market Wobbles, But These Tokens Still Pack Long-Term Punch appeared first on Coin Edition.
Read More