After experiencing a dramatic 90% price drop, MANTRA (OM) developers have announced a substantial solution to boost network security. The company’s CEO and founder, John Patrick Mullin, will be burning 150 million OM tokens from his team’s holdings, as a response to the sudden loss of $5 billion in market value. This move follows promises made to the community last week. The price drop triggered accusations of manipulation, with the developers now outlining plans to reduce the token supply and address security concerns. 150 million OM tokens originally staked during the mainnet launch in October 2024 will be unstaked and sent to a designated burn address on April 29, 2025. This move will reduce the total supply of OM tokens from 1.82 billion to 1.67 billion, while the stake ratio is expected to increase due to the reduced amount of staked tokens. Additionally, MANTRA is actively working with key ecosystem partners to facilitate a further burn of another 150 million OM tokens for a total of 300 million burned, aiming to boost network security and address concerns surrounding manipulation. While the initial price movement was positive, it quickly reversed, losing 5% in value over the last 24 hours. This statement is not financial advice.