On April 16, Mantra CEO John Patrick Mullin proposed to destroy his own OM tokens to revive investor confidence after the price plummeted, CryptoSlate reported. Mullin said that the tokens he holds are part of the team's 300 million OM tokens reserved, with the unlocking period ending April 2027. Although Mullin made a commitment and disclosed its current position, the specific position volume was not announced, and he said that he would announce the token share held when the destruction plan was ready. According to Tokenomist data, Mullin currently holds about 772,000 OM tokens, less than 1% of the circulating volume of more than 80 million OM tokens on April 15.

Yesterday, MANTRA JP Mullin published an article saying that it will release a post-event analysis report within the next 24 hours, detailing the events that have occurred since the early hours of Monday (Asia-Pacific) and will be verified in on-chain and off-chain data. After the release of this report, it will share more information about the OM token repurchase program and the OM supply destruction program to rebuild market trust and demonstrate its long-term commitment to OM /MANTRA.