$OM is going to touch 1$ again!
MANTRA (OM) has experienced a significant downturn, with its price plummeting over 90% from an all-time high of $8.99 to approximately $0.52. This sharp decline has raised concerns among investors and prompted the project team to take corrective measures.
In response to the price collapse, MANTRA has announced a substantial token burn:
Total Burn: 300 million OM tokens.
• Breakdown: 150 million from founder John Patrick Mullin and 150 million from key ecosystem partners.
• Objective: Reduce the total supply from 1.82 billion to 1.67 billion OM, aiming to boost staking rewards and restore investor confidence.