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elaineseraphina.base.eth
@elaine16
š„ MANTRA to Burn 300M $OM After 90% Crash After one of the sharpest crashes in the market ā a 90% drop in under an hour ā MANTRA is taking action. š CEO JP Mullin is burning 150M $OM from his own allocation. Another 150M $OM will be burned by ecosystem partners. š Burn completes by April 29, cutting total supply from 1.82B to 1.67B. This move may also reduce staking volume and affect APR. $OM now trades near $0.51 support, with resistance at $0.59, $0.71, and $1. š Recovery depends on whether trust in the RWA narrative can be restored. Volatility and downside risk still in play.
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