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MANTRA has confirmed the burn of 300 million OM tokens, a deflationary move aimed at restoring community trust. Despite the supply cut, OM’s price dropped 5% post-announcement, reflecting cautious market sentiment. Analysts suggest broader volatility may be overshadowing the burn’s long-term benefits.
- OM's circulating supply will drop from 1.82 billion to 1.67 billion tokens post-burn, an 8.2% reduction.
- Staking rewards are expected to rise as the bonded ratio decreases from 31.47% to 25.30%.
- Bitcoin's ongoing recovery could provide a tailwind for OM and other altcoins if market sentiment improves.
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