The post Mantra price languishes ahead of CEO speech appeared on BitcoinEthereumNews.com.

Mantra price continues to languish at its lowest level since March 2024, even as Bitcoin and most altcoins rally.  Mantra (OM), a major player in the Real World Asset tokenization, traded at $0.5086 on Sunday, down 95% from its highest level this year. This performance indicates that investors are still skeptical about the coin after its crash two weeks ago. While the management has attributed the collapse to forced liquidations by an exchange, users believe it was because of insiders dumping tokens. They question why Mantra was the only coin to have such forced liquidations. John Patrick Mullin, who crypto.news interviewed before the collapse, said will give an update at the TOKEN2049. The event is in Dubai this week from April 30 to May 1. He will talk about new ecosystem developments and updates about his token burn. In Dubai, he also intends to ask the crypto community to cooperate to protect investors from these forced liquidations. To the MANTRA community, First and foremost, I want to acknowledge the impact of what happened two weeks ago. I understand many of you lost money. Some of you lost a lot of money. Your trust is everything to us, and we’re working to rebuild it with a focus on doubling down on… — JP Mullin (🕉, 🏘️) (@jp_mullin888) April 25, 2025 Mantra price technical analysis Mantra has also pledged to implement other solutions to boost the token price. In addition to Mulln’s token burn, the company will burn 300 OM tokens from its Treasury. A token burn reduces the number of those in circulation and potentially boosts its price.  Mantra has also hopes to implement a $109 million token buyback. A buyback increases demand for tokens and can help to stabilize its price. The team has also pledged to implement more transparency. …

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Filed under: News - @ April 27, 2025 11:15 am