{"id":4472,"date":"2025-04-23T11:07:00","date_gmt":"2025-04-23T10:07:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4472"},"modified":"2025-04-23T10:51:51","modified_gmt":"2025-04-23T09:51:51","slug":"mantra-om-eyes-1-milestone-300-million-token-burn","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/mantra-om-eyes-1-milestone-300-million-token-burn\/","title":{"rendered":"MANTRA (OM) Eyes $1 Milestone After 300 Million Token Burn"},"content":{"rendered":"\n

A Landmark Burn for MANTRA<\/strong><\/h2>\n\n\n\n

The CEO of MANTRA<\/strong><\/a>, John Patrick Mullin, has taken the lead by personally burning 150 million of his own tokens. The extended team followed suit by destroying an additional 150 million tokens<\/strong>. Consequently, the total supply of $OM<\/strong> has decreased from 1.82 billion<\/strong> to approximately 1.67 billion<\/strong> tokens.<\/p>\n\n\n\n

Simultaneously, the number of tokens in staking has decreased from 578 million to 421 million<\/strong>. On paper, this drastic initiative should mechanically strengthen the token’s value by reducing inflation and selling pressure.<\/p>\n\n\n\n

\u201cReducing supply to stabilize value\u201d \u2013 a classic strategy, yet not always sufficient in a bearish market.<\/p>\n\n\n\n

Despite this significant burn, the altcoin market has only just started to recover. The euphoria witnessed at the end of 2024 still seems distant, mainly due to a less favourable<\/strong> macroeconomic environment and a slowdown in liquidity<\/strong>.<\/p>\n\n\n\n

Psychological and liquidity cycles<\/strong> remain essential in cryptocurrency valuation. Even a substantial decrease in supply cannot replace the speculative dynamics of a bull run<\/a>. For MANTRA, the journey towards $1 seems challenging.<\/p>\n\n\n\n

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Find out more on our Telegram channel !<\/a><\/div>\n<\/div>\n\n\n\n

Technical Analysis : Key Levels to Watch<\/strong><\/h2>\n\n\n\n

Prior to even considering a return to $1, OM has just broken out of a downtrend in the 2H timeframe. The Mean Reversion Channel indicates a resistance zone between $0.74 and $0.90<\/strong> where OM could turn downwards if the market does not support this euphoria.<\/p>\n\n\n

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\"OM<\/figure>\n<\/div>\n\n\n

Despite these announcements, the RSI and CMF<\/strong> do not signal sufficient bullish continuation to reach $1<\/strong>. Therefore, caution is advised, and monitoring the market and volumes is necessary.<\/p>\n\n\n\n

In conclusion, the 15% reduction in MANTRA’s circulating supply is a positive signal<\/strong> for long-term investors<\/a>. However, in the current market context, this action appears insufficient<\/strong> alone to trigger a significant rally towards $1.<\/p>\n\n\n\n

If MANTRA aims to reclaim its highs, it will need more than token burns: concrete partnerships, a clear roadmap, and most importantly, the return of an overall bullish cycle.<\/p>\n\n\n\n

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Weex : Buy OM and receive 10 USDT after completing your KYC<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n