Mantra’s CEO, John Patrick Mullin, proposes a token burn initiative to address recent price drops and restore investor confidence. In response to the downturn in OM token prices, Mullin has pledged to destroy tokens he holds as part of the team allocation reserved for 300 million OM tokens, set to unlock by April 2027. He made this commitment public on April 15th via X (formerly Twitter), expressing his intention to permanently eliminate his future share of these tokens if the project recovers. If the community chooses, he may regain these tokens in the future. According to Tokenomist, Mullin currently holds around 772,000 OM tokens, representing less than 1% of the over 80 million OM tokens circulating as of April 15th. He has allocated his holdings to the liquid staking protocol Fluxtra. Although he announced this commitment and revealed his current holdings, he hasn’t disclosed the exact amount, stating that it will be released once the burn plan is finalized.