Mantra is making bold moves after a major crash—burning 300 million OM tokens, including the founder’s share, to regain trust. But despite the effort, the token still struggles to win back shaken investor confidence.

🔵Big Token Burn Plan: Mantra will burn 300 million OM tokens, about 16.5% of its total supply, to increase staking rewards.

🔵Founder Joins the Burn: John Mullin, Mantra’s founder, is burning 150 million OM from his original allocation, staked since October 2024.

🔵Why This Matters: The move follows a massive 90% price crash that wiped out $5 billion in value on April 13.

🔵What Caused the Crash: Mantra blames reckless liquidations by crypto exchanges for the price collapse.

🔵Unstaking Process Underway: The 150 million founder tokens are being unstaked and will be burned by April 29.

🔵Market Reaction Still Weak: Despite the burn plan, OM dropped another 3.3%, showing investors remain skeptical.

🔵Mantra’s Business Model: It lets users tokenize real-world assets like real estate and commodities for digital investments.

🔵Past Momentum: OM surged over 400% in 2024 and partnered with the UAE’s DAMAC Group to tokenize $1B in assets.

Even a 300 million token burn and founder sacrifice isn’t enough to instantly fix investor faith. Mantra’s bold cleanup move may set the stage for a rebound—but for now, trust needs time to rebuild in the OM community.
https://coinpedia.org/price-prediction/mantra-om-price-prediction/

After a shocking 90% crash wiped out $5.5B in value, MANTRA is fighting to restore trust. A massive 300 million OM token burn, led by its CEO, could be the spark OM needs for a comeback.

🔵Crash Details: On April 13, OM lost over 90% of its value in just one hour, falling from a peak of $6 to near $0.50, erasing $5.5 billion in market cap.

🔵Rumors of Insider Activity: Panic followed a $40M token deposit to OKX allegedly tied to the team, sparking fears of insider selling and market manipulation.

🔵Community Backlash: Accusations flew about OTC deals, airdrop delays, and concentrated token holdings, reminiscent of past collapses like Terra LUNA.

🔵CEO’s Response: MANTRA CEO JP Mullin will burn 150 million OM tokens from his own allocation and is coordinating with partners for another 150 million burn.

🔵Supply Reduction: The total supply will drop from 1.82B to 1.67B, which may affect staking rewards but aims to stabilize tokenomics.

🔵Current Price Action: OM is trading near support at $0.51, with resistance zones at $0.59 and $0.71. Sentiment recovery is vital for any rebound.

A bold 300M token burn could be OM’s lifeline after its devastating collapse. If trust is restored and sentiment shifts, the dream of OM climbing back to $1 may not be as far-fetched as it seems.
https://coinpedia.org/price-prediction/mantra-om-price-prediction/

Mantra (OM) just exploded with a 50% price jump, becoming top-performing coin! But beneath the excitement lies controversy, uncertainty, and bold plans from the team to restore trust after a sharp fall. Is this a comeback or a trap?

Massive Surge: Mantra (OM) jumped over 50% in one day, peaking at $0.82 with high trading volume.

Still Far From Peak: Despite the spike, OM is still 90% below its all-time high of $9.10.

Founder’s Response: JP Mullin denied any “rug pull,” blaming the price crash on forced liquidations on an unnamed exchange.

Recovery Plans: The Mantra team plans a post-mortem release, a token buyback, and a burn mechanism to regain trust.

Buyback Explained: Project uses treasury funds to purchase OM tokens from the market, potentially increasing price.

Burn Mechanism: Tokens are destroyed (sent to an inaccessible wallet), reducing supply and possibly boosting value.

Boost to Staking Yield: With a 5.4% staking reward, Mantra beats popular tokens like Hedera and TRON.

Caution Ahead: Some analysts warn this might be a bull trap or dead cat bounce, not a real recovery.

Historical Parallels: Similar temporary bounces were seen in collapsed tokens like Terra Luna, Celsius, and FTX Token.

Expert Advice: Analysts suggest waiting, avoiding FOMO, and using strong risk management strategies.

While Mantra’s surge sparks hope, experts warn it could be short-lived. With bold recovery plans in motion, investors face a crucial question—buy into the hype or play it safe? The next move could define OM’s fate.
https://coinpedia.org/price-prediction/mantra-om-price-prediction/

After crashing 94%, MANTRA (OM) surprised traders with a 65% rebound. But is it just a bounce—or the start of a comeback? With trust shaken and charts unclear, OM’s next move could make or break investor sentiment.

- Crash and Recovery: OM plunged 94% but bounced back 65%, sparking speculation.

- Team Response: MANTRA’s team denied insider selling and confirmed healthy tokenomics, easing some fears.

- Recovery Conditions: A 328% rally is possible—if key support holds and volume rises.

Chart Insights:

- OM broke below $0.565 support but quickly rebounded—possible bear trap.

- RSI briefly hit overbought; now near 39, signaling bearish pressure.

- MACD turned neutral-to-bearish with recent death crosses.

- Current Zone: Price is stuck between $0.56 support and $0.65 resistance—needs strong breakout to decide next move.

- Market Mood: Traders remain cautious, waiting for either a volume-backed rally or clearer team direction.

OM’s comeback depends on more than hope. It must break $0.65 resistance or risk falling further. Traders watch closely—if the MANTRA team delivers and buyers step up, a real rally could begin. Until then, sideways action continues.
https://coinpedia.org/price-prediction/mantra-om-price-prediction/

I love a good rug pull