🚷 It’s been 3 weeks since JP Mullin, Mantra’s CEO, 😶🌫️ came out after $OM ’s massive price crash, promising to burn up to 300 million #OM tokens (his and the team’s) to rebuild trust and support the price. 🔥🫵
But so far? 🙉 Not a single update. No burn. Not even a puff of smoke. 🌋🚧
Meanwhile, OM’s price keeps sinking deeper. Oof.📉☔
The community is watching, 👁️🗨️💬 waiting—but let’s be real, words are cheap. 🫵🤐 Even if the burn does happen, it’s unlikely OM will magically return to its pre-crash levels… not without serious changes in fundamentals or real ecosystem growth. 😢💯
For now, our take? Best to stand back and watch from the sidelines. DYOR! #MANTRA #RWA
OM Surges Following 300 Million Token Burn and Governance Update
MANTRA (OM) has recently undergone significant developments, including a 300 million OM token burn, governance changes involving the reduction of internal validators and addition of external partners, and a shift to an inflationary tokenomics model. These updates, alongside ongoing token unlocks, have contributed to increased market activity and investor attention.
The current price of MANTRA (OM) is approximately $0.38-$0.37, reflecting a modest increase of around 0.7%-0.86% in the past 24 hours, with trading volumes ranging from $121 million to $157 million and a circulating supply near 967 million tokens. Market capitalization is reported between $372 million and $451 million, indicating strong liquidity. Recent price movements appear to be influenced by the token burn and governance changes, which have driven both increased trading activity and volatility. Technical indicators such as RSI and MACD suggest growing bullish momentum, with OM holding key support levels and traders monitoring potential upward targets. The combination of fundamental changes and technical resilience has contributed to the observed price stabilization and slight upward trend.
$PIXEL JUST FLIPPED THE SWITCH 👾
30%+ pump since staking dropped on May 2.
Ronin-powered, farming-fueled, and now deep in player rewards mode.
This isn’t just a vibe, it’s a whole ecosystem:
• Staking live & scaling
• NFTs, VIP Passes, Guilds
• $PIXEL = gas for the entire Pixels world
Pixel Still heating up. Next stop? FULL BLOOM SEASON. 🔥