OM Token Price Surges Following CEO’s Token Burn Announcement

The Mantra token (OM) experienced a significant price surge of over 26%, rising from $0.50 to $0.7791 following its CEO, John Mullin’s announcement to burn his team tokens. This move comes after OM suffered a dramatic crash on April 13th, plummeting from $6.30 and wiping out more than $6 billion in market value. Mullin explained his reasoning behind the decision, stating that he aims to rebuild trust with the community as part of their recovery plan.