Mantra, a real-world asset project, is set to implement a comprehensive burn program for its OM token after it plummeted from over $6 to under $0.45 in just hours. This drastic drop occurred without any apparent catalyst. CEO John Mullin announced the plan after facing community backlash, suggesting that he would burn his own team's tokens to rebuild trust following the incident. Mullin attributed the price collapse to exchanges closing OM positions, though some, including OKX founder Star Xu, have criticized this explanation, calling it a 'big scandal.' The OM token is currently valued at 87% lower than its price before the crash.

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