BURN

Mantra, the platform focused on real-world asset tokenization, is taking a bold step to restore investor trust after its token price crash. The project plans to burn up to 300 million OM tokens, which equals around 16.5% of the total supply, valued at over $160 million.

🔹 Supply Reduction Aims to Boost Staking Rewards
Out of the total planned burn, 150 million OM tokens (worth roughly $80 million) will come directly from founder John Patrick Mullin’s team allocation, which had been staked since the network’s launch in October 2024.
The remaining tokens will come from “ecosystem partners,” though no specific details were shared. The overall staking ratio will drop from 31.47% to 25.30% following the burn.
The burn process has already begun and is expected to finish by April 29, when the tokens will be moved to the network’s burn address.
“The offboarding of 150 million tokens from the Team and Core Contributor pools has now started,” the team confirmed in an update.

🔹 90% Price Crash Forced Emergency Action
On April 13, OM experienced a devastating 90% price collapse, wiping out more than $5 billion in market value within hours. Mantra’s team blamed the crash on reckless exchange-driven liquidations, which triggered panic selling across the community.

🔹 What is Mantra and Why Did OM Soar Earlier This Year?
Mantra is a decentralized platform that allows users to tokenize physical assets like real estate, commodities, and data centers. These tokenized assets can then be traded or held on-chain, with OM as the main utility and governance token.
In January, Mantra announced a major partnership with DAMAC Group from the UAE to tokenize $1 billion worth of assets — a move that greatly boosted investor confidence. As a result, OM surged more than 400% in early 2024, making it one of the top-performing tokens that year.

🔹 Market Reacts Cautiously — OM Drops Despite Burn Announcement
Despite the token burn announcement — a move usually seen as bullish due to reduced supply — OM’s price dipped 3.3% over the past 24 hours. This suggests that investor confidence remains shaken following the recent crash, and recovery may take time.

#om , #crypto , #burn , #mantra , #CryptoNewss

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TL;DR:
#mantra CEO is burning 150M $OM tokens from his personal allocation to reduce supply and reinforce long-term commitment.A second 150M $OM burn is under discussion with ecosystem partners.This could impact OM’s total supply, #staking rewards, and market dynamics — marking a significant update in its tokenomics.

THE SCOOP:
150M OM Burn by the CEO 🔥

John Patrick Mullin, CEO & Co-founder of MANTRA, is permanently burning 150 million OM tokens from his own allocation.
These tokens were initially staked to support network security during MANTRA Chain’s mainnet launch in October 2024.The unstaking process is now underway and is expected to finish by April 29, 2025.
Once unstaking process is complete, tokens will be sent to a public burn address (mantra1qq...cg2my8), ensuring they are unrecoverable and permanently removed from circulation.
This move is intended to demonstrate long-term alignment with the community and reinforce confidence in OM’s future.

Another 150M Burn? Under Discussion 💬
MANTRA is currently in talks with major partners in its ecosystem about burning another 150 million OM tokens.
These could come from team allocations, reserve funds, or other non-circulating sources — but exact details haven’t been finalized yet.
If both burns are completed, the total reduction in supply would be 300M OM, or roughly 16.5% of the original total supply.

Impact on Supply & Staking Dynamics 📉📈
1. Following just the first burn:
Total supply will drop from 1.82B to 1.67B OM.Staked OM will decline from 571.8M to 421.8M OM.The bonded ratio (staked tokens vs. circulating supply) decreases from 31.47% to 25.30%.
2. Why that matters:
Lower supply can support token scarcity over time.Reduced bonded ratio may increase staking APR for $OM stakers, due to fewer tokens competing for the same pool of rewards.

Signals to Watch 👀
CEO-led burns are rare and often interpreted as a long-term commitment to project health.
If the second burn proceeds, it could amplify OM’s deflationary model.
The combination of regulatory moves, RWA initiatives, and now aggressive token burns suggests a strategic repositioning for 2025 and beyond.

CONCLUSION:

OM’s evolving tokenomics may reshape how the token is valued, staked, and used across the MANTRA ecosystem.
With a potential 300M tokens set to be removed, this could affect OM’s scarcity, staking yields, and investor perception over time.
Whether you're staking, holding, or observing — this move adds a new layer to OM’s story.
As always, stay informed and DYOR before invest in!

#om #burn

Solana's WEN Token Faces Sharp Decline as 27% of Supply Gets Burned
In a recent turn of events, Solana's native cryptocurrency, the WEN token, has experienced a significant drop in value following the burning of 27% of its total supply. The move to burn a substantial portion of the token supply has introduced both volatility and uncertainty into the Solana ecosystem.
The WEN Token Burn
The decision to burn a considerable percentage of the WEN token supply was likely undertaken with specific intentions, but its impact on the token's market value has been substantial. Token burns are often implemented by projects to reduce the circulating supply, potentially leading to increased scarcity and, in some cases, a positive effect on the token's price.
Immediate Market Response
Contrary to the anticipated positive impact of a token burn, the WEN token experienced a sharp decline in its value shortly after 27% of the supply was burned. This unexpected market response raises questions about the underlying factors contributing to the decline and whether the burn was perceived as unfavorable by investors.
Potential Factors Influencing the Decline
Several factors may have contributed to the adverse market reaction following the WEN token burn:
1. Market Sentiment: Cryptocurrency markets are highly influenced by investor sentiment. If the community perceives the token burn as a negative development, it can trigger selling pressure and lead to a decline in value.
2. Lack of Clarity: Communication and transparency are crucial in the crypto space. If the reasons behind the token burn or the project's future plans were not clearly communicated to the community, it could result in uncertainty and market sell-offs.
3. Overvaluation Concerns: Prior to the burn, if the WEN token was perceived as overvalued, the subsequent market correction could be a natural response to align the token's value with market expectations.
4. External Market Factors: The broader cryptocurrency market conditions, macroeconomic trends, and regulatory developments can also impact individual token prices.
Future Prospects for WEN Token
While the immediate aftermath of the token burn may have led to a decline in the WEN token's value, the long-term prospects of the project depend on its ability to address community concerns, provide clarity on the burn's purpose, and potentially introduce positive developments that could drive demand.
Lessons for the Cryptocurrency Community
The WEN token's experience underscores the complexities and uncertainties inherent in the cryptocurrency market. Token burns, which are often viewed as positive catalysts, can have unpredictable outcomes based on various factors.
Investors and projects alike can draw lessons from this event, emphasizing the importance of clear communication, community engagement, and a thorough understanding of market dynamics when implementing significant changes to a token's supply or utility.
In conclusion, the decline in Solana's WEN token following a 27% supply burn highlights the delicate balance between tokenomics, market sentiment, and project communication in the dynamic world of cryptocurrencies. As the project navigates through this challenging period, the crypto community will keenly observe how the team addresses concerns and steers the WEN token towards its next chapter.
#WEN #Solana-SOL $SOL #burn #BTCto40k
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