The OM token experienced a dramatic plunge on April 13, 2025, losing over 90% of its value in hours. This marked the end of an era for Mantra’s token and significantly impacted the crypto market’s balance. John Mullin, Mantra CEO, recognized systemic risks as key contributors to this crash and acted swiftly with a clear plan for recovery. His strategy focuses on enhancing governance through decentralization and reducing internal validator reliance while simultaneously building stronger partnerships. 2025 Q2 will witness Mantra’s move towards more robust token supply control by halving their internal validators and onboarding 50 external partners. The recent volatility has increased the Mantra chain’s transaction volume but hasn’t disrupted operational stability. Despite this, reducing OM tokens is expected to promote long-term stability and liquidity in the crypto market. The company plans to burn a total of 300 million OM tokens (150 million team tokens plus potentially another 150 million through conversations with ecosystem partners). This proactive approach aims to mitigate future volatility concerns similar to historical leveraged liquidations, which have plagued the crypto markets. A robust regulatory framework is needed for industry-wide stability and resilience. Mantra’s commitment to transparency and collaboration is key to restoring investor confidence.