Hey crypto fam 👋 — big news out of the MANTRA camp this week, and it’s a mix of drama, damage control, and some serious fire (literally 🔥). If you’ve been tracking the OM token, you’ve probably seen the chaos unfold. Here’s the full scoop, explained in plain English.

💥 What Just Happened?

The price of OM — MANTRA’s native token — crashed 90%. Yep, you read that right. The community was furious, and trust in the project hit rock bottom.

In response, MANTRA founder and CEO John Patrick Mullin made a bold move: he’s burning 150 million of his personal OM tokens to try and win back the community’s trust. That’s a huge chunk of his own stake going up in smoke (figuratively, of course 🔥).

😮 Why Burn His Own Tokens?

Good question. Here’s the simple idea:

  • Burning tokens = permanently removing them from circulation.

  • Less tokens = lower supply.

  • Lower supply = potentially more value for remaining tokens + higher staking rewards.

But this isn’t just about tokenomics. It’s also about restoring reputation. The CEO is saying:

“Look, I’m serious about the community. I’ll give up my own share to prove it.”

💬 What Triggered All This?

A few things piled up, fast:

  1. The OM token crashed 90%.

  2. Critics accused insiders of selling off tokens right before the crash.

  3. John Mullin went on Coffeezilla’s YouTube channel and admitted to “pumping” the price earlier in the project’s life.

Not a good look. It fueled rumors of a “soft rug” — a kind of slow-motion rug pull where insiders cash out gradually instead of running off overnight.

🔧 What’s MANTRA Doing Now?

Here’s their recovery plan:

  • Burn 150 million OM from the founder’s personal stash (already underway).

  • Possibly burn another 150 million OM with help from ecosystem partners.

  • Total burn: up to 300 million OM.
     That would cut the total supply from 1.82 billion to 1.67 billion tokens.

They also plan to unstake the tokens that were originally locked up to secure the network — freeing them to be destroyed.

📉 Tokenomics Shift: What This Means for Holders

Besides the public relations push, this token burn will affect how the system works:

  • Staking yield could go up.
    Fewer staked tokens = higher rewards for the people still staking.

  • Bonded ratio (how much is staked) will drop from 31.47% to 25.30%.

  • Total staked tokens will fall from 571.8 million to 421.8 million.

So if you’re holding OM and staking it, your cut of the pie just got a bit bigger.

🤔 Can Trust Be Rebuilt?

The big question now: Will this be enough?

While some applaud the burn as a meaningful sacrifice, others say it’s too little, too late. The Coffeezilla video didn’t help either — Mullin’s admission added fuel to the fire just when the project needed calm.

Still, burning personal tokens isn’t nothing. It’s rare for a founder to give up that much — especially when they could’ve just gone silent and disappeared.

📌 Final Thoughts

The MANTRA story is a reminder of how fragile trust is in crypto — and how quickly a project can go from promising to problematic.

But it’s also a case study in how transparency, tokenomics, and tough decisions might still help repair damage.

For now, all eyes are on what MANTRA does next — and whether the community is ready to forgive and rebuild.

Stay tuned, stay safe, and always do your own research 🧠💡
 And hey, if you’re holding OM… maybe check your staking rewards again soon. 😉

#om #mantra