Mantra's CEO begins burning $80M worth of his OM tokens and plans to burn $80M worth from partners, after a 90% collapse on April 13 erased $5B+ in market value (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk: Mantra's CEO begins burning $80M worth of his OM tokens and plans to burn $80M worth from partners, after a 90% collapse on April 13 erased $5B+ in market value  —  The tokens are part of John Mullin's team allocation that were staked when the network first started in October 2024.  —  What to know:

Apr 23, 2025 - 04:04
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Mantra's CEO begins burning $80M worth of his OM tokens and plans to burn $80M worth from partners, after a 90% collapse on April 13 erased $5B+ in market value (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk:
Mantra's CEO begins burning $80M worth of his OM tokens and plans to burn $80M worth from partners, after a 90% collapse on April 13 erased $5B+ in market value  —  The tokens are part of John Mullin's team allocation that were staked when the network first started in October 2024.  —  What to know: