Mantra Initiates 16.5% Token Burn to Rebuild Trust Post-90% Crash

Mantra, a notable player in the cryptocurrency world, has recently made waves with its strategic decision to initiate a burn of 300 million OM tokens. This move is designed to stabilize the ecosystem and rebuild trust among its community following a significant downturn in token value.

The initiative involves burning a substantial quantity of tokens, including 150 million owned by the founder, John Patrick Mullin. This approach aims to improve staking rewards and restore confidence after a dramatic 90% price crash. The burning process is already underway, with the first phase involving 150 million tokens already commenced, and discussions about burning the remaining 150 million tokens are ongoing.

In another development within the Mantra community, the CEO has received overwhelming support for his proposal to burn 150 million OM tokens to rebuild trust further. With 81% of the community backing this initiative, the sentiment within the Mantra ecosystem seems positive, marking a potential revival opportunity post-crash.

Despite its dramatic collapse on April 13, 2025, which saw OM's value plummet by over 90%, Mantra is actively pursuing methods to rejuvenate its standing. The planned token burn represents approximately 16.5% of the total supply, with an estimated value of $160 million. This strategic action reflects the team's commitment to reinforcing the token's value and fostering a thriving environment for its stakeholders.

Overall, Mantra's initiatives underscore its dedication to revitalizing the platform and enhancing the community's trust. The actions taken suggest a forward-thinking strategy aimed at solidifying the ecosystem and potentially ushering in a new era of growth and stability.