{"id":22292,"date":"2025-04-16T07:01:45","date_gmt":"2025-04-16T07:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22292"},"modified":"2025-04-16T07:01:45","modified_gmt":"2025-04-16T07:01:45","slug":"om-jumps-30-as-mantra-ceo-announces-team-token-burn-to-rebuild-trust-after-crash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22292","title":{"rendered":"OM Jumps 30% as Mantra CEO Announces Team Token Burn to Rebuild Trust After Crash"},"content":{"rendered":"<div>\n<p>After suffering a devastating 90% plunge a few days ago, Mantra (OM) is staging a partial rebound.<\/p>\n<p>CEO John Patrick Mullin has pledged to burn his entire team\u2019s token allocation, worth hundreds of millions of dollars, as a bold move to win back community trust following a massive liquidation event that rattled the ecosystem.<\/p>\n<h2>A Crash and a Comeback<\/h2>\n<p>On April 13, OM <a href=\"https:\/\/cryptopotato.com\/mantra-om-crashes-90-in-an-hour-ceo-provides-explanation\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">nosedived<\/a> nearly 90% in under 24 hours, triggering panic and a wave of forced liquidations across crypto exchanges. Community speculation quickly turned toward the Mantra team, with accusations of insider dumping and manipulation.<\/p>\n<p>However, Mullin responded swiftly and publicly, denying the allegations and clarifying that the team\u2019s 300 million OM tokens remain locked until at least April 2027.\u00a0In a move that\u2019s both symbolic and strategic, he <a href=\"https:\/\/x.com\/jp_mullin888\/status\/1912138867056279875\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">announced<\/a> plans to permanently burn his entire allocation of 772,000 OM tokens, representing 0.25% of the team\u2019s share.<\/p>\n<blockquote>\n<p>\u201cWhen we turn it around, the community and investors can decide if I\u2019ve earned it back,\u201d Mullin stated in a widely shared X post.<\/p>\n<\/blockquote>\n<p>He also promised more transparency, a detailed post-mortem report, and a long-term token buyback program to restore confidence in the project\u2019s fundamentals.<\/p>\n<p>Whether these steps ignite a full recovery remains to be seen. But for now, the market has responded with a tentative vote of confidence.<\/p>\n<h2>Market Reaction: 31% Rebound Amid High Volatility<\/h2>\n<p>Following Mullin\u2019s announcement, OM surged over 31% in the past 24 hours, currently trading around $0.7796, up from its post-crash low of under $0.5 on most exchanges.<\/p>\n<p>The token also saw an intraday high of $0.91, suggesting strong buying interest despite lingering market uncertainty.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/om-jumps-30-as-mantra-ceo-announces-team-token-burn-to-rebuild-trust-after-crash\/\" rel=\"nofollow\">OM Jumps 30% as Mantra CEO Announces Team Token Burn to Rebuild Trust After Crash<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After suffering a devastating 90% plunge a few days ago, Mantra (OM) is staging a partial rebound. CEO John Patrick Mullin has pledged to burn his entire team\u2019s token allocation, worth hundreds of millions of dollars, as a bold move to win back community trust following a massive liquidation event that rattled the ecosystem. A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22292","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22292"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22292\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}