Despite market stability around $84,500 for BTC and a quiet US trading day due to the holiday, OM Coin continues to face challenges following recent losses. Investors remain cautious after a significant drop in market capitalization from $6 billion to below $1 billion. The CEO of Mantra has provided updates on recovery efforts, signaling plans for token burn programs and buybacks. He notes that these actions are underway, aiming to improve the cryptocurrency’s future. However, investors are wary of potential selling pressure if the strategies are not sufficiently robust. Currently, a 14% surge in OM Coin’s value reflects investor optimism regarding the recovery efforts.