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Lunam Points
After a major collapse that has wiped billions of its valuation, Mantra
OM
$ 0.70
24h volatility:
9.9%
COURTIC CAPESSION:
$ 678.02 M
Flight. 24 hours:
$ 581.30 million
Rebounded with a price gain of 30% in the last 24 hours. This recovery coincides with the commitment of the CEO of Mantra, John Mullin, to burn all the designated token allocation for the basic team.
The allocation of the 300 million OM team, around 16.88% of the total offer, has been locked and should be released in stages from April 2027 to October 2029. But, Mullin now proposes to destroy them entirely.
In particular, on April 13, OM experienced a free drop from $ 6.30 to $ 0.52 in a few hours, erasing more than $ 5.4 billion in value.
In a recent article on X, Mullin said that the community should be the only one to decide if he won it.
The allocation of team tokens which acquires only from 2027, at 30 months from the launch of Mainnet (October 24).
I plan to burn all my team tokens and when we turn it around the community and investors can decide if I have won it. 🫡🕉️
– JP Mullin (🕉, 🏘️) (@ jp_mullin8888) April 15, 2025
While some have applauded the plan as focused on the community, others criticized this decision. Crypto Barret’s Ran Neuner has argued only such extreme actions could weaken the team’s motivation over time.
It would be a mistake. We want teams that are very encouraged. Burning the incentive may seem a good gesture, but that will harm the team’s motivation in the long term.
My suggestion;
Just continue to build.
– Ran Neuner (@cryptomanran) April 15, 2025
Another member of the community on X, Bonnke4life, echoes a similar concern. He suggested that rather than completely eliminating the team’s incentives, Mullin should rework the tokens acquisition hours and improve transparency through structured buyouts.
I think JP should not burn his allowance
I know he wants a community victory, but Iy should not be at his own.
The space could be so toxic, do such a good and people do not appreciate.
Let’s fix the mantra with good community vibrations, redemptions of tokens and normal burns
Maybe…
– bonnke4life🥷 (@bonnke_him) April 15, 2025
Mullin suggested deciding on the burn of the team’s tokens on the basis of a decentralized vote.
Interestingly, the CEO has also promised a full post on the Krach of April 13 and plans to use the Mantra ecosystem fund of $ 109 million to stabilize OM. This can involve burns and redemptions of controlled tokens.
1) A quick note to say how much I appreciate all the support that the Mantra team received in the last 36 hours. The support and kind words come from many sources – from partners, investors, friends and the wider web3 community. THANKS.
– JP Mullin (🕉, 🏘️) (@ jp_mullin8888) April 15, 2025
It is important to note that the Mantra team has completely denied rumors about the initiate offense and centralized control over 90% of OM’s offer. It attributes the price crash to poorly executed intermediate liquidations, aggravated by modifications to the Tokenomics of OM last October.
At the time of writing this document, OM is negotiated at around $ 0.78. The market capitalization of the token also experienced an increase of 30%, currently at $ 761 million. Popular analyst of Crypto Dom’s Crypto recently presented a bullish case for the token.
Another, even bigger, an optimistic fan of the point of finishing for the mantra
IF $ OM achieves a breakthrough of $ 1.20
Don’t be surprised to see ~ $ 3.50
See in my second table where you can note the MA 200 (red) on LTF 30 ‘ pic.twitter.com/ard7npy9io
– Dom’s Crypto (@doms_crypto) April 15, 2025
According to Dom, OM forms an “optimistic pennant” model on the 30 -minute price board. If the token manages to exceed $ 1.20, it predicts that it could increase to around $ 3.50, which represents a 500% rally compared to the current level.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
