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Mantra to Incinerate $160M in OM Tokens—Half from DAO Founder—After 90% Price Collapse

Mantra to Incinerate $160M in OM Tokens—Half from DAO Founder—After 90% Price Collapse

Author:
Coindesk
Published:
2025-04-22 07:29:05
11
3

Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash

Mantra’s drastic token burn shocks the crypto community as it targets recovery from a catastrophic price plunge. Half the torched tokens come straight from the DAO founder’s stash—raising eyebrows about centralization in decentralized governance. Will this desperate deflationary move stabilize OM, or is it just another ’trust us’ gambit in the volatile world of crypto economics?

|Square

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