MANTRA founder and CEO John Patrick Mullin announced a significant restructuring at the company. In a post on X, Mullin confirmed that the company behind the real-world asset-focused Layer 1 blockchain will cut staff across multiple teams as it seeks to reset its cost structure after “the most challenging year” in the firm’s history. The […]
After suffering a devastating 90% plunge a few days ago, Mantra (OM) is staging a partial rebound. CEO John Patrick Mullin has pledged to burn his entire team’s token allocation, worth hundreds of millions of dollars, as a bold move to win back community trust following a massive liquidation event that rattled the ecosystem. A […]
It’s not often that we see multi-billion dollars worth of market capitalization being erased in a matter of hours. This was the case with Mantra (OM). The protocol, which was largely considered as one of the best RWA crypto projects in 2025 went through a massive crash, which erased 90% of its market value in […]