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Official News Released From #Mantara
Yes, the news about MANTRA CEO John Patrick Mullin burning his allocated 150 million OM team tokens is accurate and has been officially confirmed. This action is part of a broader transparency initiative aimed at rebuilding community trust following a significant price crash of the OM token on April 13, 2025.
The unstaking process for these tokens has commenced and is scheduled to complete on April 29, 2025. Once unstaked, the tokens will be sent to a designated burn address, effectively removing them from circulation. 
In addition to this, MANTRA is in discussions with key ecosystem partners to potentially burn an additional 150 million OM tokens. If this proceeds, it would bring the total token burn to 300 million OM, representing approximately 16.5% of the total supply.  
These measures are part of MANTRA’s efforts to stabilize the OM token and restore investor confidence after the recent market volatility.