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Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash

CoinDesk LogoCoinDesk3d ago

Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash - CoinDesk

Quick Summary:

The tokens are part of John Mullin's team allocation that were staked when the network first started in October 2024.

Its OM token facilitates transactions and governance.

OM was among the biggest market gainers in 2024, rising more than 400% on relatively low public conversation on crypto-related social media.

More Pictures

Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 07:29:05 (3 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28137911

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash" has 320 words across 26 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Mantra to Burn $160M OM Tokens, 50% From DAO’s Founder, Following 90% Price Crash" was covered 3 days ago by CoinDesk, a news publisher based in United States.

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CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 12 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #28137911
  • URL: https://tessjds.beamstart.com/news/mantra-to-burn-160m-om-17453097691225

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