MANTRA Founder Burns $82 Million in OM Tokens After Significant Market Drop

John Patrick Mullin, CEO of MANTRA, a real-world asset Layer 1 blockchain, has announced a plan to burn approximately $82 million worth of his OM tokens. This move comes after the OM token experienced a dramatic 90% decline in value on April 13, resulting in a loss exceeding $5 billion in market capitalization. The sudden price drop left the community shaken. Mullin’s decision is intended to rebuild trust and demonstrate commitment to restoring faith in the MANTRA ecosystem.