$OM Crashed 90% – Now the CEO Is Fighting Back
After a brutal $5B liquidation event, Mantra’s #OM token has been in freefall. Despite a small bounce, price pressure returned fast.
The cause? An internal report confirms forced liquidations during thin liquidity – exposing serious flaws in trading infrastructure.
John Patrick Mullin isn’t backing down.
The Mantra CEO just unveiled a bold recovery plan:
- Managed Close Program launching soon
- Aggressive token buybacks already underway
- New transparency dashboard for real-time tracking
- Token burn + community redistribution from the original 300M contributor allocation
- And in a surprising move: Mullin will burn his personal token allocation to show full accountability.
From $1.8B to $200M – OM’s collapse was massive.
But these steps are designed to rebuild trust, strengthen the system, and empower the community.
The coming days are critical. Will this be crypto’s biggest comeback?
