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Starting a new tech company is no walk in the park. For Aravind Srinivas, cofounder and CEO of Perplexity, the stakes couldn’t be higher. The AI search engine startup company is now valued at over $9 billion and is fighting daily headwinds in a field dominated by Google and OpenAI. However, Srinivas recently revealed that … Read more
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 … Read more
After the drama that saw the Mantra OM token crash over 90%, losing $6 billion in market cap valuation, the team has begun its burn initiative that will see up to 300 million OM crypto tokens taken out of the supply forever. In an effort to save the seemingly dead RWA project, Mantra founder and … Read more
DeFi protocol MANTRA has begun the process of burning 150 million OM tokens from its team and core contributor allocation. The unstaking of these tokens is now underway and expected to be completed by April 29, at which point the tokens will be sent to a designated burn address and permanently removed from circulation, according … Read more
Bitcoin and most cryptocurrencies remained in a tight range last week as investors monitored new developments in trade and the tensions between President Donald Trump and Jerome Powell. Artificial Intelligence tokens like Bittensor, Render, and AI Companions were the top-performing major cryptocurrencies last week as they jumped by double digits. The top cryptocurrencies to watch … Read more
Key Takeaways Mantra is finalizing a token burn program for the OM token. OM token has faced significant price decline due to large liquidations. Share this article John Patrick Mullin, Mantra’s co-founder and CEO, has stated that the team is finalizing its token burn program and actively working on a buyback plan. Both efforts come … Read more
JP Mullin, CEO of Mantra, said he plans to burn his entire 772,000 OM token allocation in response to criticism over the project’s recent collapse and insider activity allegations. His statement follows an intense three days of scrutiny after the Mantra (OM) token plunged over 90% from its recent high, wiping out $5 billion in … Read more
Story token has experienced major volatility, which caused concerns over a repeat of the Mantra crash.
Mantra chief executive officer JP Mullin claims OM’s price crash was caused by forced liquidations by centralized exchanges. The price of Mantra (OM) plunged over 90% on Apr. 13, falling from around $6.30 to below $0.50 within hours. In an Apr. 14 post on X, Mullin said the sharp drop in OM’s price was caused … Read more
Key Takeaways OM token crashed 90% due to forced liquidations by centralized exchanges, said MANTRA’s co-founder. MANTRA denies involvement from MANTRA team or investors in the price drop. Share this article John Patrick Mullin, the co-founder and CEO of MANTRA, addressed the OM token’s abrupt 90% price decline on Sunday, stating that “reckless forced closures” … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4