$OM holders, take note – big updates on the horizon:

150M OM Tokens Burned – Supply Shrinks, Staking Yields Rise

On April 29, a massive 150M OM burn was finalized, slashing total supply from 1.82B to 1.67B. This move reduced the bonded ratio from 31.47% to 25.30%, boosting staking rewards. Another 150M OM is queued for burn in partnership with ecosystem collaborators—targeting a total 300M reduction.

CEO John Mullin Urges Exchange Reforms Post-Crash

Following the April 13 dump, Mullin spotlighted systemic issues behind the drop, citing high-leverage exposure across exchanges. He’s calling for urgent changes to risk controls to protect users from cascading liquidations—saying the April event was a market-wide flaw, not just a MANTRA issue.

Transparency Push – New Tools & Validator Upgrades

OM Dashboard now live with real-time token metrics and holdings

Validator Decentralization: Internal validators to be halved, 50 new partners to join by end-Q2

Omstead Testnet launched—EVM-compatible and aimed at scaling dApp development securely

Price Watch – Still Recovering from the Crash

Despite progress, $OM trades near $0.5480—still deep below its $6+ highs. Analysts are cautious: supply cuts help, but market sentiment and crypto-wide recovery will determine whether OM can climb back to previous glory.

buy and trade here $OM