MANTRA's Token Burn Strategy Addresses Market Crisis

In April 2025, MANTRA co-founder John Patrick Mullin announced burning 150 million OM tokens to combat the project’s flash crash-induced crisis.

This action signifies MANTRA’s effort to regain market trust and stabilize its struggling token price, showing minor but hopeful market improvements.

Flash Crash Prompts 150 Million OM Tokens Burn

MANTRA faced a dramatic downfall with OM’s price plummeting 91.63% in 2025. Co-founder John Patrick Mullin adopted decisive measures in April by burning 150 million OM tokens to counteract the negative market impact.

The flash crash resulted from reckless closures on centralized exchanges, severely affecting liquidity. The team responded by enhancing governance and transparency to restore confidence in their staking model and address market concerns. Mullin noted, “I have taken direct action by burning 150 million OM tokens from my own allocation to address the crisis and restore community trust.”

OM Price Drop to $0.32 Spurs Mixed Reactions

The token’s price fell from $6 to $0.32, evoking a bearish sentiment in the community. Predictions suggest a slight increase to $0.316924 by June’s end, reflecting cautious optimism amongst investors.

Historically oversold conditions indicate potential for positive movement. Increasing trade volumes and a short-term bullish trend may lead to a breakout, with possibilities of triggering a rally towards $0.45-$0.48 if resistance is surpassed.

Comparing MANTRA’s Move to Binance’s Burn Strategy

Token burns have been used in past crypto market recoveries. MANTRA’s strategy resembles earlier efforts, like Binance’s quarterly burns, which have previously bolstered community and market sentiment within the cryptocurrency landscape.

Experts like Kanalcoin see oversold conditions as opportunities for recovery. Comparing trends, they suggest monitoring market signs closely to ascertain potential rebounds, with technical analysis indicating favorable conditions for price corrections.