MANTRA has officially announced a token upgrade scheduled for March 3, which includes a token symbol rename and a 1:4 split. Holders of OM tokens will be treated differently depending on where they hold them, with Cosmos ecosystem users requiring manual action.
Upgrade Details: Rename and Split
The upgrade will change the OM token symbol to a new one (name not yet disclosed) and execute a 1:4 split, meaning each old OM becomes four new tokens. The total supply increases, but the unit price decreases proportionally, keeping the market cap unchanged. MANTRA states this move aims to optimize the tokenomics and improve liquidity and accessibility.
Automatic Updates for Most Holders
Users holding OM on the MANTRA Chain or supported exchanges (including centralized platforms) will see their balances automatically updated to reflect the new symbol and increased quantity. No action is required from these users — wallets and exchange accounts will display the new tokens after the upgrade.
Cosmos Chain Users: Risk and Action Required
Holders of OM on Cosmos ecosystem chains such as Stargaze or Osmosis are strongly advised to transfer their tokens to MANTRA Chain before the deadline. The recommended method is using the IBC bridge to send OM to a MANTRA Chain address. Tokens left on Cosmos chains after the upgrade may not automatically receive the 1:4 repricing and could face compatibility issues or even become stranded. Team urges users to complete migration early to avoid potential technical problems.
Market Observations
Following the upgrade announcement, token prices showed mixed movements: OM declined -2.33%, while ATOM rose +2.90%, OSMO fell -3.47%, and STARS edged up +1.02%. Although OM faces short-term pressure, token splits are often viewed as long-term positive, as a lower unit price can attract more retail participation.
MANTRA, a key DeFi and RWA protocol in the Cosmos ecosystem, is further emphasizing its native MANTRA Chain as the central hub. Future incentives for external chain migration may follow. Holders should monitor official channels for precise timelines and instructions to ensure a smooth asset transition.