Upbit, the top cryptocurrency exchange in South Korea, has introduced the listing of MANTRA (OM) just over a month after the token experienced a significant crash that wiped out $5.5 billion in market capitalization. This move resulted in a substantial increase in OM's price.

In addition, the exchange will facilitate trading for Access Protocol (ACS), GoChain (GO), Observer (OBSR), Quiztok (QTCON), and Rally (RLY).

The trading for OM on Upbit will start on May 21 at 15:00 Korea Standard Time (KST), as per the official announcement from Upbit. The markets supported include KRW, BTC, and USDT.

Following Upbit’s announcement, data from BeInCrypto indicated a 15.7% surge in OM's price, reaching $0.44 at the time of reporting. The trading volume also notably increased by 154.4%, indicating heightened market activity and potential investor interest.

The listing on Upbit follows the drastic price crash of MANTRA (OM) on April 13, 2025. The crash, triggered by forced liquidations during low trading volume periods, led to a 90% decline in OM's price, significantly impacting investor trust in MANTRA.

As a response to the crisis, MANTRA's CEO, John Patrick Mullin, disclosed plans to burn his entire allocation of 150 million team tokens. Furthermore, MANTRA collaborated with partners on burning an additional 150 million OM tokens, totaling in the removal of 300 million OM tokens from circulation.

This effort aimed to diminish the circulating supply and rebuild investor confidence. Although it marginally boosted the price, OM still remains below the $1 threshold.

Moreover, Upbit confirmed the availability of trading for ACS, GO, OBSR, QTCON, and RLY in Tether (USDT) pairs. Trading for these five altcoins will commence on May 21 at 13:00 KST.

The market swiftly responded to the announcement, with GO and RLY leading the gains, experiencing significant increases minutes after the news was released. Currently, GO's and RLY's gains have adjusted, but they remain high.

Additionally, ACS experienced a rise of 12%, OBSR increased by 6%, and QTCON gained 18%. These tokens, like GO and RLY, also underwent a minor correction.

At present, ACS was up by 5.3%, OBSR by 3.0%, and QTCON by 4.4%, indicating an improvement in market sentiment and investor participation.

The price fluctuations underscore the market impact of Upbit. According to CoinGecko data, Upbit offers over 240 coins, boasting a trust score of 8 and a 24-hour trading volume of $1.81 billion.