Mantra's CEO, John Patrick Mullin, has committed to burning all of his allocated team tokens following a significant crash of the OM token, which plummeted over 90% from $6 to below $0.4. Mullin believes this move is essential to restore investor confidence and has indicated a comprehensive burn program for the OM supply is in the works. The crash, occurring on a Sunday and reportedly tied to 'reckless liquidations,' has seen OM tumble out of the top 100 cryptocurrencies by market cap, now valued at approximately $740 million. Mullin clarified that the team did not engage in any selling or leverage on exchanges, while some have raised suspicions about potential price manipulation through over-the-counter deals. He admitted that around $20 to $30 million of OM was sold over-the-counter to stabilize prices, framing it as a necessary market support measure, not a manipulative action.

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