**What is Token Burning and Why Didn't It Increase the Price of #MANTRA (OM)?**
Hello! Let's simply explain token burning and the example of MANTRA (OM)! š
**What Does Token Burning Mean?** A project reduces its supply by "burning" its tokens, which means eliminating them. For example, if you have 100 apples and you destroy 20 of them, the remaining 80 apples might become more valuable. That's how burning works: supply decreases, value can increase.
**Mantra (OM) Example** Mantra is an asset tokenization project. On April 21, 2025, they burned 150 million #OM tokens, and will burn another 150 million. Total supply dropped to 1.67 billion. Its price is 0.53 USD (April 29, 2025).
**So, Why Didn't the Price Increase?** - The market is volatile, OM dropped 70-90% in April. - Demand is low; if people don't buy, the price won't rise. - Large wallets are selling, creating pressure. - The expectation of burning was already reflected in the price.
**Final Words** Token burning is a powerful tool, but it's not enough. The price increase for MANTRA depends on market conditions and the growth of the project. If it becomes a leader in the long term, this burning might be effective, but patience is needed. What do you think? š #OM #burn
š¹ Trend: Downtrend continues, but there is consolidation.
š¹ Support: 0.52405 (strong) š¹ Resistance: 0.55461 (short term) š Indicators: RSI: 40 (neutral, slight recovery signal) MACD: There is downward momentum, but a slowdown is observed. Volume: Volume is low in the downtrend, an increase is needed for recovery.
šÆ Strategy: Buy: If 0.55461 is broken, target 0.58680. Sell: If 0.52405 is broken, 0.50 may come into play. Wait: The direction of the breakout between 0.52405-0.55461 should be monitored.
$OM Analysis and Timing Suggestion for OM Token Burn at Binance Square š OM/USDT Technical Analysis and Burn Timing
The MANTRA (OM) token burn will be completed on April 29! š We have determined the best time using technical analysis. Here are the details: Price Status: Currently at 0.52494 USD (%3.67 decrease). Support: 0.5110 USD Resistance: 0.55461 USD. Trend: Consolidation in a bear market. RSI 64.66 (neutral), volume low (249.70M OM). š„ Best Time for Burn: Short Term: If the price falls to 0.51-0.52 USD and the RSI drops below 50 (within 1-3 days). This strengthens the dip perception and could push the price to 0.55 USD. Hype Opportunity: If the burn is announced simultaneously with the TOKEN2049 speech in Dubai on April 30 (UTC 12:00), it could have a significant market impact. Volume Increase: If the volume exceeds 300M OM, the burn will attract more interest. š” Potential Impact: Burning 150M OM will reduce supply by 8.2%. The price could reach 0.55-0.60 USD in the short term, and 1.35303 USD resistance in the medium term.
ā ļø Risks: Low volume, whale sell-offs, and unlockings may limit effects. š¢ Recommendation: The MANTRA team should announce the burn in the 0.51-0.52 USD range or with the TOKEN2049 speech. Share transaction hashes for transparency and strengthen PR!
Do you think OM can recover? Share your thoughts in the comments! š #OM #MANTRA #TokenBurn #CryptoAnalysis #BinanceSquare
$OM Explaining Commitment to the Project Through the MANTRA CEO
Let me give a few examples to make it clearer: The founder of MANTRA personally accumulated 300,000,000 OM tokens in 2020 when the project was still at the ICO stage. I repeat: These tokens do not belong to the MANTRA development team; they are his PERSONAL assets! He can sell them, burn them, keep them, or do something else entirely ā itās completely up to him.
But what happened? On the second day of the sharp decline in the project, the CEO came out and made the following statement:
> "Whatās done is done. However, to prove my commitment to the project, I am burning the 300 million OM tokens that I personally own."
Let's do a simple calculation:
300,000,000 OM Ć 7 dollars = 2.1 BILLION DOLLARS As of Sunday at 18:00, this man's PERSONAL wealth was 2.1 billion dollars. 4 hours later ā at 22:00:
300,000,000 Ć 0.50 USDT = 150 MILLION DOLLARS
And this man, without anyone forcing him, voluntarily burns this 150 million dollarsā worth of PERSONAL tokens. It's that simple.
Now I ask you: If we can't trust even this guy, who can we trust?
Yes, Iām using strong language because some of your brain cells donāt activate otherwise. A bit of a harsh tone, but the facts are better understood this way.
Let me put it this way: Give me the right to express myself freely in this group for two days, show some tolerance. I will explain the supply issues, unlocking, team revenues, I will break it down for you. With swearing. And if by the end of the two days I don't make this group tightly embrace a project like MANTRA, then I must know nothing!
$OM OM Sales Summary: What Happened? The recent OM crash caused confusion within the community. A sudden sell-off led to a loss of 5.5 billion dollars in value. The cause of the event was a trader trying to manipulate prices on two different exchanges. This situation revealed that although some crypto projects like OM seem to have a high market value, they actually have weak liquidity.
How Did It Crash?
A trader sold a short position worth about 1 million dollars on Binance, pulling the OM price below 5 dollars.
This sudden drop triggered a chain of liquidations.
The trader continued to control the price by making new sales every 5 seconds.
At the same time, there was nearly a 20% drop in the OKX spot market as well.
What Did the Seller Do? The trader managed to hold the price steady for a while on the OKX exchange, activating market makers and arbitrage bots. Thus, during the decline, they were able to sell their OM tokens.
What Is the Real Problem? The issue was not just manipulation; the real problem was that the market structure of OM was very vulnerable to such an attack. Despite appearing to have a high market value, even a small sale could lead to a significant crash. According to some, the trader's intention was not manipulation but rather a forced sale due to risk rules. However, even a small movement caused a major panic.
Delete the Tiktok and Instagram apps from your smartphone. Right now! They are exploiting every cell in your brain and you are experiencing focus issues.. š
Snowman1982
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This month is the worst of my trade 1.I short BABY and loose . 2.I short TURBO and loose . 3.I short Voxel and loose . 4.I short Trump and loose . 5.I shorts ALPACA and loose . š š š š š I can't predict any direction because many whales . and I confused . thank you the worst experience .I want to say be careful and good luck my friend .
You have not the slightest idea about what you are writing.. š¤£š
M E 7
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There is a logic to this... BTC will not go anywhere until it gives a kiss to the lower BB band (or well, Supertrend). And MACD confirms this.
MihaiDaniel
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Now Bitcoin is officially part of US reserve, the market will react to this in the next 48-72 hours, the dump has no real logic but it is a dump . The same way market reacted with delay on Bybit hack it will be the case for this bullish narrative
The fractional pyramid order I have already given... Short of course.. š
MihaiDaniel
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I can tell you something , the White House summit will move the crypto markets, it is a good surprise to see @CZ on the list of guests, this is super bullish for #bnb and #binance
I have a feeling that soon the crypto community will miss Gensler.... ,š
Man on the AI rocks
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Trump's manipulation targeted small investors.
It should be noted that Trump, or rather someone designated by him to carry out this manipulation, posted both messages on Sunday. This timing meant that primarily small investors, who trade on exchanges over the weekend, were able to react. This fact suggests that the manipulation, which turned out to be a classic "Rug Pull" scam, was specifically designed to rob ordinary small investors. On Sunday, a suspicious announcement about reserves was released through official media, artificially driving up the price of coins. Then, right after the weekend, news about tariffs sent the market crashing down. And now, we can clearly see the outcome. Why specifically target small investors? It's simpleābecause they have no way to defend themselves. Thatās why Trump and his people can now feel untouchable. I hope that those who attacked me for my last post, in which I warned about a potential market manipulation, have wised up in the face of these facts. I hope they have learned their lesson and, instead of harming our community, will start helping by staying vigilant and warning others when the next troubling signals appear.
what do I think? Well, I believe that the hunger inside you is greater than that in African countries... šš¤£ Go see a doctor, your problem is in your head.. š
With the entry of BTC EFT into the market, I believe it is wrong to do analysis using data from previous cycles.
MihaiDaniel
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Bitcoin has been holding above $90,000 for more than 80 days, in comparison, in 2021 bitcoin held above $60,000 for less than 40 days and at its peak it was above $67,000 for only 3 days. In this cycle, Bitcoin has exceeded $105,000 12 times. Technically, I don't think it has reached its peak yet. In 2024, the consolidation period lasted 251 days with bitcoin between $50,000 and $70,000, now we are in a consolidation phase of over 80 days!