The OM token has experienced a dramatic and steep decline, dropping nearly 90% of its value within days. This drastic crash wiped out over $5.5 billion in market capitalization, sparking concerns of insider dumping and leading to a community outcry for answers. In an attempt to calm the situation, Mantra CEO John Patrick Mullin announced he will burn all his team-allocated OM tokens, worth millions before the crash. This move, widely seen as a reputational sacrifice, aims to rebuild trust with the community and investors. However, some remain skeptical about its effectiveness in stabilizing the battered price. 772,000 of his team’s 300 million token allocation will be burnt. The community will now evaluate Mullin’s actions and the future direction of the project.