Osmosis price jumps 185% amid talks of revised merger with Cosmos Hub

Osmosis (OSMO) surged 185% in 24 hours on May 11, 2026, following renewed speculation about a revised merger proposal with Cosmos Hub. The original merger plan, rejected narrowly in April 2026, would have allowed OSMO holders to convert tokens to ATOM, consolidating liquidity and governance onto Cosmos Hub. A revised proposal aims to fund the swap using Osmosis's DEX revenue to avoid diluting ATOM holders, addressing previous concerns. If approved, this merger could reshape the Cosmos ecosystem by integrating Osmosis more closely with Cosmos Hub, but it also raises questions about governance centralization and ecosystem sovereignty.