Mantra CEO Responds to OM Coin Drop: Buyback, Burn, and Transparency Initiatives

In the wake of a steep 94% price drop for OM coin, Mantra CEO John Patrick Mullin has unveiled a strategic plan to restore investor confidence. The sudden decline, which saw the token plummet from $6.35 to $0.37, led to widespread concerns among users, prompting the project’s leadership to act. Mullin outlined his response in an official statement on social media, announcing a buyback program alongside a token burn strategy aimed at mitigating supply and bolstering support for the token. To ensure transparency, he also pledged to create live data panels showcasing tokenomic structures.