Mantra to Burn $160M in $OM Tokens After Massive Price Crash
In response to a shocking 90% drop in OM’s price, Mantra DAO has announced it will burn $160 million worth of OM tokens — with half coming from the founder’s own wallet. The move is aimed at restoring investor confidence and reducing total supply.
Token burns are often used to support price recovery and demonstrate long-term commitment. But will this drastic step be enough to rebuild trust?
Do you believe token burns work in the long run?
Let’s discuss.
