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MANTRA CEO John Patrick Mullin stated that his decision to permanently burn 150 million OM tokens from his personal allocation was intended to rebuild community trust following the OM crash and reaffirm the project’s commitment to decentralization.
Mantra is a Layer-1 blockchain designed specifically for tokenized real-world assets (RWAs).
Mantra CEO John Patrick Mullin announced the permanent burn of his full 150 million OM token allocation as a direct response to the crash.
MANTRA’s OM token experienced a catastrophic crash on April 13, 2025, wiping out more than $5 billion in market value.

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