🔥 JUST IN: CEO and Founder of MANTRA announces 150M token burns after unstaking period ends on April 29, 2025.

https://www.mantrachain.io...

Mantra Plans 'Comprehensive Burn Program' of OM Following 90% Crash 📉

OM recently experienced a significant decline, falling from over $6 to below $0.45 without any clear reason. In response, Mantra is launching a "Comprehensive Burn Program" aimed at mitigating the effects of this sharp drop and potentially restoring investor confidence. This rapid price movement has raised concerns and underscored the urgency of their strategic plans.

Mantra has issued a statement regarding the unexpected significant drop in the price of its OM token. The statement clarifies that the Mantra team has not engaged in any selling activities. The funds of the Mantra mainnet OM team and advisory team remain 100% locked, while the ERC-20 tokens are publicly circulating and not under team control. Currently, 77.5 million OM tokens are in circulation, with over 200,000 mainnet OM wallets.

The initial forced liquidation sales exerted downward pressure on the price, triggering automatic liquidation events on exchanges for leveraged positions using OM as collateral. This led to further liquidation and collateral seizure, adding additional downward pressure. Some major OM traders were liquidated by centralized exchanges.

Mantra plans to release details of an OM Token support plan, which will include a token buyback and supply destruction strategy. Mantra CEO John Patrick Mullin has publicly committed to destroying the tokens allocated to his team.

https://www.mantrachain.io...

MANTRA CEO jp_mullin888 confirms no team members are selling tokens. Looks like a fat finger or exchange glitch. He’s calm, I’m bullish. $OM MANTRA_Chain is a strong buy — heading back to $4 in my view.

The CEO of MANTRA jp_mullin888 has confirmed that no one from his team is selling tokens. To me, it looks like someone at the crypto exchange may have hit the fat finger button or something similar. The MANTRA CEO appears totally calm and composed. For me, that’s a buy signal — I believe $OM will climb back to $4

"MANTRA community - we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details about what happened as soon as we can."

Link: https://x.com/MANTRA_Chain...

📊 NEW: MANTRA token price fell by over 90% in the last 24 hours.

Mantra co-founder JP Mullin addresses the OM token crash, confirming their Telegram remains active and team tokens haven't been moved. Its team claimed that the price crash was "triggered by reckless liquidations" and not related to the team.

Top DeFi Coin Picks: AVAX, FXGuys, and MANTRA (OM) – Which One Will Reach 50x First?

Avalanche (AVAX) and Mantra (OM) saw significant DeFi ecosystem progress in Q1 2025, and analysts are saying these wins may reflect on their price trajectory over the coming weeks. However, FXGuys ($FXG) will likely record a 50x increase before AVAX and OM.

For context, #FXGuys has smashed all important KPIs in its first few presale stages, and the platform is set to replace traditional prop firms in the next few months.
#AVAX #OM #MANTRA #defi