#NewsAboutCrypto
Mantra’s OM Token Burn is Making Waves!
Big news from Mantra’s CEO John Mullin: 150M OM tokens have been unstaked and are ready to be sent to a burn address! But wait, there’s more—talks are ongoing to burn another 150M OM from ecosystem partners, slashing the total supply to just 1.67B after a massive 300M OM burn!
Still, the April 13 crash from $6.3 to $0.5, which erased 90% of its market cap, is a tough blow to recover from. OM is stuck around $0.5, and regaining investor trust might take time, especially with fears of a LUNA-style collapse looming.
What’s your take? Is OM worth buying and holding right now? Drop your thoughts in the comments!