While digital assets demonstrated strength ahead of the much-anticipated September 17 rate decision, the Binance exchange has shocked the Mantra community with plans to discontinue key OM transaction options. Starting September 26, 2025, the leading exchange will terminate Mantra deposits through the Ethereum blockchain (ERC20). Moreover, Binance will end OM withdrawals through ERC20 and BSC (BEP20). Binance Announcement @BinanceAlertsX · Follow 🚨 Binance Update 🚨Binance will cease support for deposits & withdrawals of MANTRA (OM) on selected networks starting Sept 26, 2025.Follow @BinanceAlertsX for instant #Binance updates ⚡ #CryptoNews #BinanceAlertsX #MANTRA $OM #CryptoUpdate 8:52 am · 15 Sept 2025 1 Reply Copy link Read more on Twitter Users who will transact using these networks after the deadline may permanently lose their tokens. The announcement stirred the Mantra community, with holders who use the affected platforms facing a tight window to migrate. The native token reflects prevailing user uncertainty with a bearish performance. OM has lost over 1.60% in the past day, with declining 24-hour trading volumes indicating fading trader interest. Such sentiments signal frustration as the community loses convenient or cheaper transaction options. Meanwhile, analysts believe the move might weigh on Mantra’s performance in the coming days. Some holders might dump their OM balances ahead of the deadline, catalysing notable selling pressure. Generally, token delisting catalyses near-term volatility and price decline. Nonetheless, most assets recover once users familiarise themselves with the updated model. Proponents maintain a bullish outlook, suggesting that reduced transaction options would consolidate OM undertakings on its primary platform. What prompted Binance’s move? The announcement didn’t detail the reasons behind the halt. Nonetheless, Binance periodically removes assets after comprehensive analysis to ensure user safety and streamline multi-chain asset support. The exchange could have halted OM ERC20 and BEP20 support to simplify operations, reduce security risks, and limit user confusion over bridged or wrapped assets. What’s next for OM holders Binance has urged Mantra investors to finalise all deposits and withdrawals through BNB Smart Chain and Ethereum before the September 26 deadline. Using these networks after that could lead to losses, especially as blockchain transactions are irreversible once executed. Meanwhile, individuals should verify supported options after the halt to prevent transfer errors. OM price outlook The native token slumped after the announcement. OM dipped from daily highs of $0.2244 to $0.2152 before a brief recovery to press time’s $0.2190. Chart by CoinMarketCap The 25% dip in daily trading volumes signals weakening momentum. Intensified user exit before the Binance delist deadline would mean more bearish impetus for OM prices. Short-term technical indicators confirm Mantra’s downward sentiments. The 3H Moving Average Convergence Divergence hovers below the signal line with red histograms. Moreover, the plunging Relative Strength Index signals weakening momentum. OM remains poised for extended short-term declines as the leading exchange halts crucial network operations. However, the impact will gradually fade as holders adapt to the updated model. Moreover, the Fed’s decision on Wednesday would determine the broader market’s trajectory in the coming months. Significant bull runs after a dovish move might help Mantra weather the delisting storm. The post Mantra turns bearish as Binance phases out OM ERC20, BEP20 support appeared first on Invezz
