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#BreakingNews 🚨MANTRA ($OM ) is experiencing renewed market interest after burning 300 million tokens and overhauling its governance, shifting toward decentralization. The project adopted an inflationary token model and reduced internal validator control, boosting liquidity and trading activity. OM is trading between $0.37–$0.38 with a market cap of up to $451M, showing bullish technical signals and stable support levels.
#MANTRAToken #CryptoNews #TokenBurn #DeFiGovernance
#MANTRAToken #CryptoNews #TokenBurn #DeFiGovernance
🚨🚨 #MantraToken 🚨$OM 🚨🚨
🔥 Mantra CEO Plans to Burn Tokens After $OM Crash
Big Move to Rebuild Trust: After the $OM token took a huge hit on April 13 (dropping 92%), Mantra CEO John Mullin is taking drastic action. He’s pledged to burn 300 million OM tokens that were originally allocated to the team, hoping this move will help rebuild trust with the community. 🔥💥
What Happened with OM?: The crash was caused by a liquidation cascade, where OM tokens were used as collateral and then sold off rapidly. This sent the price plummeting, leaving investors in shock. 💔
Burn & Buyback Plan: Mantra is also working on a buyback and burn strategy to help stabilize the price and show the community they’re serious about recovering. The timeline for this isn't clear yet, though. 🕰️
Clearing the Air: The team has strongly denied any insider dumping of tokens and assured that no project funds were involved in the crash. Just a rough turn of events. 🙅♂️
Current Price: After the dust settled, OM is back up to about $0.78 from its low of $0.52, but it’s still a long road ahead. 📉➡️📈
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It’s a tough situation for the community, but Mantra’s taking steps to get things back on track.
🔥 Mantra CEO Plans to Burn Tokens After $OM Crash
Big Move to Rebuild Trust: After the $OM token took a huge hit on April 13 (dropping 92%), Mantra CEO John Mullin is taking drastic action. He’s pledged to burn 300 million OM tokens that were originally allocated to the team, hoping this move will help rebuild trust with the community. 🔥💥
What Happened with OM?: The crash was caused by a liquidation cascade, where OM tokens were used as collateral and then sold off rapidly. This sent the price plummeting, leaving investors in shock. 💔
Burn & Buyback Plan: Mantra is also working on a buyback and burn strategy to help stabilize the price and show the community they’re serious about recovering. The timeline for this isn't clear yet, though. 🕰️
Clearing the Air: The team has strongly denied any insider dumping of tokens and assured that no project funds were involved in the crash. Just a rough turn of events. 🙅♂️
Current Price: After the dust settled, OM is back up to about $0.78 from its low of $0.52, but it’s still a long road ahead. 📉➡️📈
---
It’s a tough situation for the community, but Mantra’s taking steps to get things back on track.
🚨 Mantra (OM) Token Falls Over 92% in Just a Few Hours! 😱
The OM token from the Mantra project dropped sharply, falling from $6.30 to under $0.40 in just a few hours.
That’s a huge loss of over $6.2 billion in market value!
Many in the crypto space are shocked.
Some traders are even calling it a rug pull, comparing it to the big crashes like LUNA and FTX.
One investor said, “If the team doesn’t speak up, OM could go to zero.”
📢 No official reason yet, but we’ll share more updates as this story continues to develop.
$OM
#mantratoken #cryptocrash #OMToken #mantra #OMCoin
The OM token from the Mantra project dropped sharply, falling from $6.30 to under $0.40 in just a few hours.
That’s a huge loss of over $6.2 billion in market value!
Many in the crypto space are shocked.
Some traders are even calling it a rug pull, comparing it to the big crashes like LUNA and FTX.
One investor said, “If the team doesn’t speak up, OM could go to zero.”
📢 No official reason yet, but we’ll share more updates as this story continues to develop.
$OM
#mantratoken #cryptocrash #OMToken #mantra #OMCoin
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