Recovery Steps for Mantra After the crash, Mantra tries to rise again with concrete steps: Big Token Burn: On April 21, 2025, Mantra announced the burning of 300 million $OM (initially staked at mainnet launch) on April 29, 2025, to reduce supply and increase token value plus staking rewards.
CEO John Mullin promised to burn 150 million $OM from his own team allocation, with a total burn potentially reaching $82 million (value at that time). This is to build community trust.
Token Buyback: The team plans a buyback to stabilize the price and reduce circulating supply.
Transparency: Mullin promised to improve communication with the community and consider a forensic audit to investigate the crash.
Market Response: Post-burn announcement, $OM rose 25% within 24 hours (April 15-16), from the lowest level to ~$0.69, becoming the top gainer in the market. However, the price fell back, as of April 21 at ~$0.50-$0.59, still bearish.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
