Will Mantra Founder Try to Recover His 150 Million OM?

Will Mantra Founder Try to Recover His 150 Million OM?

Mantra founder and CEO John Patrick Mullin is working hard to try and win back the faith and confidence of the Mantra community after the OM tokens suddenly dropped 91.7% in a single day on April 13. On that day the token dropped from $6.31 to $0.52, erasing $5.63 billion in value.  Given the ferocity and scale of the drop, many OM holders feared that Mullin and the team at Mantra, a layer 1 for real world assets, had engaged in a fraudulent sch…

$6 Billion Meltdown: What the $OM Collapse Reveals About Tokenomics and Hidden Leverage

The cryptocurrency market was shaken on April 14, 2025, when $OM, the native token of Mantra Chain, experienced a calamitous price collapse. In a matter of hours, $OM plummeted from well over $6 to just $0.60, marking a cruel 90% drop that wiped out more than $6 billion in market cap and sent RWA (Real World Asset) investors reeling. This sudden unweaving of what had been one of the most sought-after tokens of late 2024 and early 2025 is now pro…

MANTRA founder’s 150M OM burn proposal gets 81% support: can it spark a recovery?

Mantra CEO to burn 150M OM tokens to rebuild trust after the 90% Mantra price crash. 81% of the community has backed the burn proposal. While some are optimistic about the impact of the token burn, the OM price continues to struggle at $0.50. After the dramatic 90% Mantra price crash on April 13, 2025, […] The post MANTRA founder’s 150M OM burn proposal gets 81% support: can it spark a recovery? appeared first on CoinJournal.

Mantra's Token Burn Will Reduce OM Supply by 150 Million Tokens

Mantra CEO and Founder John Patrick Mullin announced plans to burn his allocation of 150 million team tokens. This decision fulfills a commitment made just last week, which sought to demonstrate Mantra’s dedication to creating a transparent, trusted, and inclusive financial ecosystem through tokenization. Mantra’s Token Burn The tokens were staked at the Mantra Chain’s mainnet launch in October 2024 and were initially reserved to ensure network …

After suggesting the idea last week, the founder of Mantra will carry out the burn of his allocation of 150 million tokens OM. Here's what you need to know. The article The founder of Mantra will indeed burn 150 million tokens OM appeared first on Cryptoast.

MANTRA Chain Announces 300M $OM Token Burn Amid Price Rebound and Investor Losses

In a bold move that's turning heads across the crypto landscape, MANTRA Chain has declared a major token burn initiative involving a staggering 300 million $OM tokens—valued at over $172 million.