📢 $OM Investors – Read This Carefully! Update as of May 2, 2025 Here’s everything you need to know about $OM and the MANTRA ecosystem: 🔥 MASSIVE TOKEN BURN COMPLETE! On April 29, MANTRA burned 150 million OM tokens! Supply dropped from 1.82B ➡️ 1.67B Staking rewards just got better – bonded ratio down from 31.47% ➡️ 25.30% Another 150M tokens to be burned with ecosystem partners = 300M total burn planned! OMUSDT Perp 0.44641 -8.44% ⚠️ CEO SOUNDS THE ALARM! After the April 13 crash, CEO John Mullin called for industry-wide reform Blamed systemic issues like over-leveraging on exchanges Urged exchanges to review risk policies to protect retail investors 🛠️ TRANSPARENCY & TECH UPGRADES OM Dashboard Launched: Live tracking of supply & on-chain data Validator Revamp: Reducing internal validators by 50% + onboarding 50 external partners Omstead Testnet LIVE: EVM-compatible testnet to boost dev ecosystem & technical stability 📉 MARKET OUTLOOK – STAY CAUTIOUS Despite the progress, $OM remains volatile Price (as of Apr 27): $0.5285, still down from $6+ pre-crash Analysts say: Burn = short-term relief, but long-term depends on trust & macro recovery #OM #MANTRA #CryptoUpdate #TokenBurn #DeFiNews
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