$OM just hit back after its brutal 90% crash—here’s how the team plans to save the day.
CEO John Patrick Mullin is burning his own 772,000 OM tokens (about $236 million at today’s prices) and may torch up to 300 million more (16.5% of supply) to shrink the float and boost staking rewards.
They’re rolling out a full post-mortem with on-chain and off-chain data, complete with a live dashboard showing token allocations. A buyback-and-burn scheme is also in the works, though details are still TBD.
On the investigative front, #mantra is working with blockchain analysts and may hire a forensic auditor to prove insider dumping didn’t trigger the crash—Mullin maintains it was “reckless forced liquidations” by exchanges.
Since the burn announcement, #om spiked 31%—but volatility remains sky-high as investors wait to see if these moves rebuild trust or just buy more time.