The Token Burn That Made OM Price Say “Ouch!”

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So, OM price just did the financial equivalent of stepping on a LEGO after MANTRA announced it’s torching—yes, torching—150 million OM tokens. And guess what? They’re thinking about doubling down with another 150 million burned. Because why not add a little drama to your crypto nightmares? 🔥💸

OM Price Takes a Nap After Token Burn Announcement

CEO John Patrick Mullin decided to be the ultimate team player by burning his entire 150 million token stash. A sweet promise he made last week, because nothing says “I love you community” like torching your paycheck. 💔🔥

But here’s the plot twist: the OM price didn’t throw a party. Nope, it awkwardly backpedaled like it saw a ghost—dropping about 5% in the last day and now chilling at $0.5437. That’s just adding fuel to the fire of a 91% nosedive over the past month. If you’re into psychic readings, CoinGape says there might be a 50% bounce back. Fingers crossed and toes crossed, because honestly, who wouldn’t want some good news?

The burn process isn’t just talk: they’ve already started unstaking 150 million OM from Team and Core Contributor wallets—tokens that were locked away since October 2024 to keep the network safe. You can even track this saga through transaction hashes if you’re into nerdy cryptographic detective work. The grand finale? April 29, 2025, when those tokens get sent to the blockchain’s equivalent of a bonfire pit.

MANTRA made sure to keep things transparent enough that even your suspicious crypto uncle might stop asking “Are you sure this isn’t a scam?” The unstaking began, it’s verifiable, and yes, the Oscars for Best Crypto Burn Ceremony are waiting.

MANTRA’s Wild Idea: Burn Another 150 Million Tokens

As if things weren’t spicy enough, MANTRA’s chatting with their ecosystem buddies about lighting the fuse on yet another 150 million tokens. If that goes through, we’re talking 300 million tokens gone—poof!—from circulation. It’s like the great token extinction event you never asked for.

Here’s the math for those who love to hate math: total supply drops from 1.82 billion to 1.67 billion OM, which some fancy folks calculate as an 8.2% reduction. That’s your cryptoeconomics lesson of the day! 🎓

And wait, there’s more! With fewer tokens staked, the bonded ratio (that’s crypto-speak for how much of the treasure chest is locked up) falls from 31.47% to 25.30%. Stakers, don’t despair—this tweak is supposed to juice up your staking APR. More rewards for hanging in there? Now that’s a plot twist we like.

Oh, and just so you know, OM’s crash was the kind that got the whole crypto block talking. Even Binance finally hushed up and threw in their two cents (probably less polite than ours).

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2025-04-21 23:40