Mantra (OM) recently reached a new all-time high, outperforming the broader crypto market. It gained 137% in the past week and surged 43% in the last 24 hours. The partnership with Google Cloud and increased whale inflows have contributed to the bullish sentiment. However, on-chain indicators suggest a potential correction. The whale accumulation has slowed down, and the number of active addresses in profit has increased. With a large portion of the circulating supply held by whales and many addresses holding the asset for a short period, profit-taking could trigger a selloff. Short-term traders, including retail holders, may start taking profits before another major rally.



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