🔥 Mantra’s Aggressive $OM Burn Strategy: Can It Revive the Token After a $5.5B Crash?

In a bold attempt to stabilize and revive investor confidence, the CEO of Mantra has announced a strategic burn of 300 million #om tokens, alongside a $109 million buyback-and-burn initiative from the open market.

This move comes in direct response to the catastrophic crash of the OM token on April 13, when the price plummeted from $6.30 to $0.52 within hours, wiping out over $5.5 billion in market value. The event sent shockwaves across the altcoin sector, with many labeling it one of the most volatile collapses in recent DeFi history.

🔍 What Does the Token Burn Mean?

Token burning is a deflationary mechanism where coins are permanently removed from circulation, reducing supply. If demand remains constant or rises, basic market dynamics suggest price appreciation is likely.

Burning 300 million tokens—a significant chunk of circulating supply—combined with a large-scale buyback could potentially serve two critical goals:

Absorb sell pressure from panicked holders.

Create artificial scarcity, fueling a potential rebound.

📈 Could #om Recover?

The answer hinges on several factors:

Market Sentiment: If traders see the burn as a sign of long-term commitment, speculative demand could spike.

Liquidity & CEX Reaction: Exchanges may tighten risk management #om trading pairs, affecting access and volume.

Utility: Long-term recovery depends on whether Mantra can deliver real-world use cases and partnerships to restore trust.

🔮 Price Prediction

In the most optimistic scenario, where sentiment quickly flips bullish and traders embrace the buyback as a turning point, could rebound to the $1.20–$2.50 range in the short term. However, if skepticism persists and the burn is perceived as a temporary band-aid, the price may consolidate around $0.70 to $1.00 before finding a new direction. On the downside, if selling continues and the market lacks confidence in the project’s long-term vision,$OM could dip further to $0.30–$0.50.