Mantra CEO Burns Team Tokens Amidst $5.5B Crash in a Bid to Rebuild Trust

John Mullin, CEO of blockchain platform Mantra, has announced a bold move to regain trust after the dramatic price crash of OM token on April 13th. Mullin plans to burn 300 million of these tokens held by the Mantra team and core contributors, representing 16.88% of the total supply. This significant action is intended to demonstrate his commitment to the project’s future and rebuild community confidence. The move aims to show that the company is taking responsibility for the recent downturn and proactively addressing investor concerns.