MANTRA CEO Burns 150M OM Tokens to Rebuild Trust

MANTRA’s CEO John Patrick Mullin has announced a significant commitment to restore community trust and stabilize the market by burning his entire allocation of 150 million OM tokens. This move aims to address recent market volatility and demonstrate MANTRA’s dedication to transparent governance. 150 million more OM tokens are expected to be burned, further impacting supply dynamics. Analysts anticipate this burn could reduce OM’s total supply from 1.82 billion to 1.67 billion, potentially boosting staking APRs and reducing price volatility.