As of May 1, 2025, the MANTRA (OM) token is trading at approximately $0.49, reflecting a significant decline of over 94% from its all-time high of around $9. This downturn follows a dramatic 90% price crash in April 2025, which was attributed to several factors:

Insider Activity Concerns: Large transfers of $OM tokens to centralized exchanges raised suspicions of insider selling. CEO John Patrick Mullin has denied these allegations.

Market Dilution: A $50 million $OM token airdrop led to immediate sell-offs, exacerbating downward pressure on the token's price.

Technical Indicators: Prior to the crash, the Relative Strength Index (RSI) for $OM surged to 87, indicating overbought conditions and signaling a potential correction.

In response to the crisis, MANTRA has announced a significant token burn initiative:

Token Burn: The platform plans to burn 300 million OM tokens, representing approximately 16.5% of the total supply. This includes 150 million tokens from CEO Mullin's personal holdings.

This move aims to reduce supply, potentially stabilizing the token's value and restoring investor confidence.

MANTRA continues to focus on real-world asset (RWA) tokenization, leveraging its Layer 1 blockchain built on the Cosmos SDK. The platform emphasizes regulatory compliance and scalability, supporting up to 10,000 transactions per second.

Despite recent challenges, MANTRA's commitment to its core mission and proactive measures like the token burn may position it for recovery. However, investors should remain cautious and monitor ongoing developments.