OM Token Plummets Despite Major Burn Announcement

Despite a substantial 150 million token burn, OM’s price continued to decline significantly, dropping another 5% within 24 hours of the news. This marks a dramatic 91% plunge over the past month and suggests that the market remains bearish despite CEO John Patrick Mullin’s personal commitment to destroy his entire stake. These tokens were initially staked during MANTRA’s mainnet launch in October 2024 and are now being unstaked and permanently removed, with the full burn expected by April 29th. Verified transaction data will be shared publicly after completion. 💰