JP Mullin, founding father of Mantra (OM), which has been the topic of manipulation allegations and has skilled a sudden drop in worth, claimed that the main points of the token burn program are nearing completion and that the token buyback program can be on the best way.
The burn program particulars are within the last levels, and might be shared within the close to future. Buyback program additionally nicely underway. We’re working across the clock for the Sherpas/OMies. 🫡🕉️
— JP Mullin (🕉, 🏘️) (@jp_mullin888) April 18, 2025
The Mantra worth has lately seen a significant drop, dropping 90% of its worth and wiping out $5 billion from its market worth, as some large whales liquidated. The token’s worth has didn’t recuperate and is presently buying and selling round $0.69.
Nonetheless, OM has seen a partial restoration since JP Mullin’s newest assertion, with the token’s worth climbing from $0.62 to its present stage of $0.69, however it’s nonetheless nicely under its pre-big drop stage of round $6.
24-hour chart displaying the sudden rally in OM worth immediately.
It might be useful for customers to keep away from this altcoin, which has claims of manipulation, volatility, and excessive dangers, together with dropping principal. It’s also necessary to do not forget that all cryptocurrencies are excessive threat.
*This isn’t funding recommendation.
