#Mantra (OM) on the Brink: Whale Dumps, Token Burn, and a $10M Loss—Will It Crash Again?
🚨 Mantra (OM) is in the hot seat! After a brutal 90% crash on April 13, dropping from $6.30 to $0.55, CEO John Patrick Mullin is fighting back with a 300M OM token burn by April 29—slashing supply from 1.82B to 1.67B. But here’s the twist: a whale (0x5AC) just dumped 1.724M OM ($1M) on Binance, sitting on a $10.1M loss after buying at $6.45. They still hold 1.173M OM—will they sell more?
The burn aims to boost staking rewards (APR up as the bonded ratio drops to 25.30%), but critics like Crypto ninjas call it a stalling tactic, predicting a “slow bleed.” Yet, analyst Moon Jeff sees a $1 recovery. OM’s at $0.52, with trading volume surging 88%.
Will this gamble save OM, or is another crash looming? Tell us your prediction!
