The OM token experienced a significant surge of over 30% after Mantra CEO John Patrick Mullin announced plans to burn a portion of his team tokens. This move aimed to restore community trust following a dramatic price drop triggered by recent market volatility. 300 million of these team-held OM tokens will be permanently removed from circulation, potentially signaling a commitment to rebuilding investor confidence. The initiative has sparked debate regarding long-term team motivation and engagement, particularly as it relates to future token distribution decisions. 300 Million Tokens are set to be burned by CEO John Patrick Mullin after he announced this on April 16th, 2025 via Twitter. Mullin aims to rebuild community trust and confidence by demonstrating the commitment of his team to a transparent recovery strategy.