BlockBeats News, April 16th, according to CryptoSlate, Mantra CEO John Patrick Mullin proposed to burn his own OM tokens to restore investor confidence after a price crash. Mullin stated that his held tokens are part of the team's reserved 300 million OM tokens, with the unlock period ending in April 2027. Although Mullin made a commitment and disclosed his current holdings, he did not reveal the specific amount held, stating that he would announce the token holdings when the burn plan is ready. According to Tokenomist data, Mullin currently holds about 772,000 OM tokens, less than 1% of the circulating supply of over 80 million OM tokens as of April 15th.
BlockBeats reported yesterday that MANTRA co-founder JP Mullin stated in a post that a post-mortem report will be released within the next 24 hours, detailing the events that have occurred since early Monday morning (Asia-Pacific region) and will be validated in on-chain and off-chain data. After releasing this incident report, he will share more information about the OM token buyback plan and the OM supply burn plan to rebuild market trust and demonstrate his long-term commitment to OM/MANTRA.
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