JP Mullin, CEO of Mantra, announced he plans to burn his entire 772,000 OM token allocation as the cryptocurrency faces significant criticism following a 90% drop in value. The move comes after a community member suggested delaying upcoming token unlocks to demonstrate commitment, which Mullin refuted. He clarified that team tokens don’t begin vesting until 2027, but intends to burn his holdings and allow community members to decide if he can regain them later. 88% of the initial token allocation has been lost since its recent high. Mullin’s statement sparked debate on whether burning team tokens is an appropriate measure to rebuild trust after the project’s crash.