Mantra (OM) founder JP Mullin claimed that he was subject to allegations of operations, experiencing a sudden drop in prices, and that details of the Token Burn program are approaching completion, and that the token buyback program is also approaching.
Details of the burn program are in the final stages and will be shared in the near future. The buyback program is also on track. We work round the clock for Sherpa/Omeise. 🫡🕉🫡🕉️
– jp mullin (🕉, 🏘🏘️) (@jp_mullin888) April 18, 2025
Mantra prices have recently seen a major drop, losing 90% of their value, and wiped out $5 billion from the market value as some major whales have been settled. The token price has not been recovered and is currently around $0.69.
However, OM has partially recovered since JP Mullin’s latest statement, with token prices rising from $0.62 to the current $0.69, while the pre-big drop level is well below $6.
A 24-hour chart showing a sudden rally at OM prices today.
It may be beneficial for users to leave this Altcoin. This Altcoin has high risk claims including operation, volatility and loss of principal. It is also important to remember that all cryptocurrencies have high risks.
*This is not investment advice.
