{"id":4341,"date":"2025-04-22T11:59:00","date_gmt":"2025-04-22T10:59:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4341"},"modified":"2025-04-22T11:42:04","modified_gmt":"2025-04-22T10:42:04","slug":"mantra-ceo-initiates-burning-150-million-om-tokens-following-scandal","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/mantra-ceo-initiates-burning-150-million-om-tokens-following-scandal\/","title":{"rendered":"Mantra CEO Announces Burn of 150 Million OM Tokens After Scandal"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"mantra-ceo-engages-in-massive-om-token-burn\"><strong>Mantra CEO Engages in Massive OM Token Burn<\/strong><\/h2>\n\n\n\n<p>In a bold move to <strong>restore confidence<\/strong> in the Mantra network, its founder and CEO, John Patrick Mullin, has initiated the process of withdrawing and <strong>burning 150 million<\/strong> of his own <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/unraveling-mantra-om-collapse-truth-revealed-days-later\/\">OM tokens<\/a>. This decision comes after the token OM&#8217;s price plummeted by over <strong>90%<\/strong> last April, shaking the community&#8217;s trust.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/jp_mullin888?ref_src=twsrc%5Etfw\">@jp_mullin888<\/a> CEO and Founder is burning his allocation of team tokens. For more and why, read on.<a href=\"https:\/\/t.co\/Ttll5gPj3S\">https:\/\/t.co\/Ttll5gPj3S<\/a> <a href=\"https:\/\/t.co\/QpmqkNB6Jy\">pic.twitter.com\/QpmqkNB6Jy<\/a><\/p>&mdash; MANTRA | Tokenizing RWAs (@MANTRA_Chain) <a href=\"https:\/\/twitter.com\/MANTRA_Chain\/status\/1914300941354107240?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Mantra announced that the withdrawal and burning of the 150 million OM tokens held by Mullin would be completed <strong>by April 29.<\/strong> This initiative is part of an &#8220;OM token support plan&#8221; aimed at tightening supply and boosting the token&#8217;s value. Mantra is also in negotiations with &#8220;key ecosystem partners&#8221; to burn an additional 150 million tokens, bringing the total to <strong>300 million OM tokens<\/strong> eliminated from circulation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"impact-on-om-and-the-ecosystem\"><strong>Impact on OM and the Ecosystem<\/strong><\/h2>\n\n\n\n<p>With this supply reduction, the total circulating OM tokens will decrease from <strong>1.82 billion to 1.67 billion.<\/strong> Additionally, the amount of staked OM tokens will decrease by over <strong>26%<\/strong>, dropping from 571.8 million to <strong>421.8 million<\/strong>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MANTRA\u2019s CEO <a href=\"https:\/\/twitter.com\/jp_mullin888?ref_src=twsrc%5Etfw\">@jp_mullin888<\/a> ie burning his 150M <a href=\"https:\/\/twitter.com\/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OM<\/a> team token allocation, a move to rebuild trust and stand by the community.<br><br>\u2022 Reduces total supply by ~8%<br>\u2022 Boosts staking APR<br>\u2022 Long-term commitment, not just words<br><br>Another 150M <a href=\"https:\/\/twitter.com\/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OM<\/a> burn is on the table.<br>Actions started \ud83d\udd49\ufe0f <a href=\"https:\/\/t.co\/InUZrfSQe1\">pic.twitter.com\/InUZrfSQe1<\/a><\/p>&mdash; MANTRA Inside (@MANTRAinside) <a href=\"https:\/\/twitter.com\/MANTRAinside\/status\/1914451692340289688?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This decrease in the &#8220;staking rate&#8221; is expected to enable an <strong>increase<\/strong> in <strong>staking<\/strong> rewards, providing better incentives for token holders.<\/p>\n\n\n\n<p>Mullin has described this initiative as a <em>&#8220;first step to rebuild trust with the community, but far from the last.&#8221;<\/em> Additionally, Mantra has introduced a <strong>tokenomics<\/strong> dashboard to enhance <strong>transparency<\/strong> and regain <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/\">investors<\/a>&#8216; trust following the recent price debacle.<\/p>\n\n\n\n<p>Mullin&#8217;s decision to burn a significant portion of his own OM tokens demonstrates his personal <strong>commitment<\/strong> to the project and his efforts to get the Mantra network back on track. While the community is divided on the matter, this bold move could be the first step in a broader strategy to restore trust and <strong>revitalize the Mantra ecosystem.<\/strong> Only time will tell if this initiative will indeed help sustainably <strong>boost<\/strong> the value of the OM token.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MANTRA is back at Trending on <a href=\"https:\/\/twitter.com\/coingecko?ref_src=twsrc%5Etfw\">@coingecko<\/a> \ud83e\udee1\ud83e\udee1<br><br>The massive 300M burn is surely big news for the markets \ud83e\udd1d<br>Price will not react immediately imo but I feel <a href=\"https:\/\/twitter.com\/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OM<\/a> is making a base around $0.5 before a major move.<br><br>Keep an eye lots of action coming up soon \ud83d\udd1c <a href=\"https:\/\/twitter.com\/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OM<\/a> \ud83e\udee1\ud83e\udee1\ud83d\udd49\ufe0f\ud83d\ude0e <a href=\"https:\/\/t.co\/bHbTKlztBw\">pic.twitter.com\/bHbTKlztBw<\/a><\/p>&mdash; RWA King (@RWA_Kingg) <a href=\"https:\/\/twitter.com\/RWA_Kingg\/status\/1914385529698742648?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>At the time of writing, the OM token is trading at <strong>$0.52<\/strong> and is up by <strong>2.32% today.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/preprod.investx.fr\/en\/visit-weex\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Weex : Earn 50 USDT in just a few clicks !<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>More on this topic :<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/bybit-ceo-unveils-details-cryptos-largest-hack\/\">Bybit CEO Unveils Details on Crypto\u2019s Largest Hack : What You Need to Know<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/ripple-xrp-set-soar-buyers-2-25-target\/\">Ripple (XRP) Set to Soar ? Buyers Eye $2.25 Target<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/crypto-market-booms-whats-fueling-todays-massive-surge\/\">Crypto Market Booms : What\u2019s Fueling Today\u2019s Massive Surge ?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The recent 90% drop in Mantra&#8217;s OM token price led CEO John Patrick Mullin to a bold move: burning 150 million of his own tokens. Amid a divided community, could this action signal the initial steps towards rebuilding trust and rejuvenating the Mantra network?<\/p>\n","protected":false},"author":32,"featured_media":4336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"mantra","_yoast_wpseo_title":"Mantra CEO Burns 150 Million OM Tokens Amid Scandal","_yoast_wpseo_metadesc":"Mantra CEO burns 150 million OM tokens to restore trust and boost network value. Explore the details now !","footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":""},"categories":[11,10],"tags":[],"class_list":["post-4341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mantra CEO Burns 150 Million OM Tokens Amid Scandal<\/title>\n<meta name=\"description\" content=\"Mantra CEO burns 150 million OM tokens to restore trust and boost network value. 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