Mantra CEO John Mullin has announced plans to burn all team-held tokens following a significant market crash that wiped out over $5.5 billion in the company’s valuation. The move aims to rebuild trust with the community after the OM token experienced a dramatic price plunge, mirroring events similar to the Terra Luna Crash. 300 million of the total 16.88% team tokens were locked and planned for gradual release between April 2027 and October 2029 according to a blog post from April 8th. The tokens are now worth approximately $236 million, down significantly from their peak value of $1.89 billion before the April 13 crash. While some in the community support Mullin’s plan, others express concerns that it may hinder long-term team motivation. Some fear a potential weakening of team drive and urge for broader community input. Mullin suggests allowing a community vote to make this decision. A post-mortem report will also be published detailing the events leading up to the crash. To stabilize the price after the fall, Mantra’s $109 million Ecosystem Fund will be utilized for potential token buybacks and burns.