MANTRA has just permanently burned 150 million $OM tokens (worth $82M) — wiping out 11% of total supply in one move!
What it means: ✅ Scarcity Boost – Fewer tokens = stronger long-term value. ✅ Investor Confidence – Focus on real, sustainable growth (not just hype). ✅ HODLer Power – Lower sell pressure rewards loyal holders.
CEO John Patrick Mullin’s Game Plan: → Focus on Real-World Assets (RWA) → Strengthen DeFi ecosystem → Cement MANTRA’s leadership in tokenized assets.
Market Snapshot: Current Price: $0.5156 (-3.7%) Support Zone: $0.50 (critical to hold) Next Targets: $0.60 → $0.75 → $1+ (if momentum returns)
Is Now a Good Time? 📉 Short-term: Volatility expected, $0.45–$0.50 = strong buy zone. 📈 Long-term: Supply shock + adoption push = major rally potential.
Bottom Line: With 11% of supply burned and a clear vision for RWA growth, $OM could be gearing up for something BIG. Stay alert!