🚨😱 OM Coin burns 150 million tokens! Is revival on the horizon or just a flash in the pan? 💥🔥
After a 90% crash, the OM Coin team burned 150 million tokens and plans to burn another 15 million to tighten supply and restore confidence! However, the price dropped by 3.3%, and investors are questioning: Can this move save OM? The truth revealed!
⚡ Core Updates:
Token Burn: Starting April 21, CEO Mu Lin will burn 150 million OM tokens, with plans to burn another 15 million (accounting for 16.5% of the total supply), aimed at enhancing scarcity.
Market Tepid: Following the burn announcement, the OM price fell by 3.3%, and a sell wall at $0.48 indicates selling pressure, with investor confidence yet to recover.
Recovery Challenges: Critics argue that burning does not enhance utility; a transparent roadmap, 109 million ecosystem grants to promote use cases, and liquidity incentives are needed.
🚀 Investment Warning:
The OM Coin burn has stirred waves, but lack of substantial progress may lead to a fleeting moment! Watch for resistance at $0.48 and the team's subsequent actions, proceed with caution!