Following the collapse, MANTRA will burn 300 million OM tokens.

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CEO's Token Burning Initiative

MANTA CEO and founder John Patrick Mullin is undertaking the action of burning his complete 150 million OM token allocation.

This significant action, valued at roughly $87 million based on present market rates, aims to rebuild confidence after a substantial decline in the token’s value.

The token’s value has plummeted, experiencing a 90% decrease over the past two weeks.

Currently, OM is trading at $0.5832, reflecting a 90.4% reduction in value over the last fortnight.