May 21, 2025 – Crypto News Desk
MANTRA (OM), the governance token of the MANTRA Chain ecosystem, is back in the spotlight today as it stages a powerful comeback. After a dramatic crash in April that wiped out over 90% of its value and more than $5 billion in market cap, OM is now trading at around $0.444, with a 13.8% increase in the past 24 hours. 📈
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🔥 Massive Token Burn Ignites Optimism
To stabilize the ecosystem and rebuild trust, MANTRA has kicked off a major token burn initiative. So far, 150 million OM tokens have been burned, with another 150 million scheduled for destruction. This move reduces supply and is designed to boost long-term value for OM holders and stakers. 🔥
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🛡️ Governance Reforms & Decentralization
In response to community concerns, MANTRA is revamping its validator system. The team plans to reduce internal validators and onboard 50 external validators by the end of Q2 2025 — a strong step toward decentralization and community empowerment. 🗳️
They’ve also launched a real-time transparency dashboard, providing open access to data on token distribution, validator activity, and other key metrics. This is part of their renewed commitment to transparency following last month's crisis. 📊
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⚠️ Industry Warning on Leverage Risks
MANTRA is also addressing a broader industry issue: dangerous leverage practices on centralized exchanges. The team blames high-risk trading environments for accelerating OM's crash and is now calling for industry-wide collaboration to build safer, fairer trading platforms. 🤝
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📉 Caution Ahead, But Signs of Hope
Despite the rebound, OM remains far below its previous highs, and many investors are still wary. However, these recent moves — combined with clear communication and transparent reforms — are slowly improving sentiment. 💬
A community member shared: "If MANTRA keeps this up, it might turn a disaster into a comeback story. Not just surviving — thriving." ✨