Will $OM rise from the ashes? 🔥
Will $OM rise from the ashes? 🔥
After the April 13 crash, MANTRA’s CEO, John Mullin, made a bold move:
He announced he would burn 100% of the team’s token allocation, which was originally set to unlock 30 months after the mainnet launch (starting 2027).
💥 Risky move… but maybe a smart one.
The goal? Restore community trust.
And honestly, this strategy has worked before — look at #BNBChain. They burned $916M worth of BNB, and it helped push price momentum and boost sentiment.
That said, personally, I’m still leaning toward tokens like $BGB:
✔️ Burn mechanism already active
✔️ Market cap still relatively low
✔️ Upside potential isn’t already priced in like it is with giants such as $BNB
Now we wait and see — will OM’s team sacrifice be enough to bring the project back to life… or is it too late?
🧠 What do you think? Are token burns like this still effective at rebuilding trust?