$OM Investors read carefully– Important Update (May 2, 2025)
Here’s what you need to know about $OM and the MANTRA ecosystem:
🔥 Major Token Burn Completed!
On April 29, MANTRA burned 150 million OM tokens.
Total supply dropped from 1.82B to 1.67B.
Staking rewards just improved – the bonded ratio decreased from 31.47% to 25.30%.
Another 150 million tokens are set to be burned through ecosystem partnerships, totaling a planned 300M OM burn!
OMUSDT Perp: $0.4465 (-8.42%)
⚠️ CEO Issues Strong Warning
Following the April 13 market crash, CEO John Mullin called for comprehensive industry reform.
He cited systemic problems like excessive leverage on exchanges.
Mullin urged platforms to tighten risk policies to better protect retail investors.
🛠️ Focus on Transparency & Tech Enhancements
OM Dashboard Launched: Real-time tracking of token supply and on-chain data
Validator Overhaul: 50% reduction in internal validators + onboarding of 50 new external partners
Omstead Testnet Live: A new EVM-compatible testnet aimed at strengthening developer support and network resilience
📉 Market Outlook – Caution Advised
Despite positive developments, $OM remains highly volatile.
As of April 27, the price stands at $0.5285, still significantly below its pre-crash high of over $6.
Analysts suggest the token burn offers short-term support, but long-term recovery hinges on rebuilding trust and broader market conditions.
