Q2 altcoin rally incoming? Mantra mulls team token burn: Hodler’s Digest, April 13 – 19
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Swiss bank Sygnum says altcoins may see a resurgence in Q2 2025, Mantra CEO plans team token burn: Hodler’s Digest
Mantra CEO John Mullin said he is planning to burn all of his teams tokens in order to win back the trust of the networks community following the sudden collapse of the Mantra (OM) token on April 13.
Im planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back, Mullin posted to X on April 16.
Mantra set aside 300 million OM, 16.88% of the tokens nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post.
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