Will Mantra (OM) Crypto Price Crash Another 90% in 2025?
The burn represents a significant portion of OM’s total token allocation and is part of a broader “stabilization strategy” following the token’s over 90% drop on April 13.
Mantra framed the decision as a commitment to long-term value creation, suggesting that cutting excess supply would support a healthier market structure. However, critics argue that the move is more about damage control than genuine progress.
The bearish technical outlook aligns with mounting concerns over OM’s fundamentals and project transparency. Prominent analyst Maboo described the burn as a “desperate” attempt to fake momentum, noting that token destruction should not be a substitute for sustainable design.
“They launched with way too many…
