šØShocking twist?! After a 90% crash, OM reveals a "final rescue" move!
300 million tokens destroyed! Can the teamās "money-burning" efforts regain trust?
After experiencing a staggering 90.4% drop, the once-promising project OM chose to fight back with a "self-revolution": the founder personally destroyed 150 million tokens, worth approximately 87 million USD, and plans to burn another 150 million, totaling 300 million OM that will forever disappear from the chainš„.
š Background of the crash:
OM plummeted from its peak in just two weeks, triggering market panic and facing allegations of internal sell-offs. The project team denied this and blamed it on the "reckless liquidation of trading platforms."
š„ Major market rescue move:
šØāš¼ The CEO personally destroys 150 million held tokens.
š Total supply will decrease from 1.82 billion to 1.67 billion.
š All destruction will be completed by April 29.
š Real-time data dashboard launched to enhance on-chain transparency.
The team claims this move is a commitment to "trust," dedicated to creating a "trusted financial ecosystem."
š Economic impact:
Total supply reduction, binding ratio decreases from 31.47% to 25.30%.
Staking reward mechanism optimized to enhance the attractiveness of holding tokens.
Market response is mild, with OM rebounding 2% within 24 hours.
š„ Ultimate question:
Is this a short-term bandage or the beginning of a long-term turnaround?
Can the "heroic severing of 300 million tokens" restore market confidence, or is it just the last struggle in a storm?
š§ The crypto market is used to big ups and downs, but operations like OM's "real money burning" are still worth close attention!
#OM #CryptoCrisis