$OM Mantra Launches $160M Token Burn Following OM Token Crash❗❗😱

Pattoki, Pakistan – April 24, 2025 – In response to a 90% plunge in its OM token value, Mantra, a blockchain focused on Real World Asset (RWA) tokenization, has announced an aggressive token burn totaling $160 million. Notably, $80 million of this burn will come from the personal holdings of DAO founder John Patrick Mullin, highlighting the project's commitment to recovery and investor confidence.

Approximately 150 million OM tokens will be permanently removed from circulation to reduce supply and potentially increase token value. This move follows Mullin’s earlier pledge to burn 150 million personal tokens, suggesting a possible consolidation or expansion of that commitment.

With OM’s total supply previously at 1.82 billion and over 571 million staked, the burn is expected to significantly impact circulating supply and enhance staking rewards. The initiative forms part of Mantra’s broader OM Token support plan, which also includes a buyback program and a new tokenomics dashboard to enhance transparency.

The community will closely monitor blockchain data and official updates to assess the impact of this decisive recovery strategy.

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