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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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The Team of the Altcoin That Made a Name for Itself with Its Rise Burned 132 Million Dollar TOKEN! - Coin Bulletin
The Mantra DAO project team permanently burned 21.2 million OM tokens, removing them from circulation, and the total value of the burned OM tokens reached 524 million dollars.
According to data shared by the popular blockchain analytics company Arkham, at 17:47 today, approximately 21 million 229 thousand OM tokens were permanently removed from the market by being sent from the wallet address believed to belong to the Mantra DAO team, "0x63…4Ff2", to the burn address. The current market value of this transaction was approximately 132 million dollars.
With the OM token burnings carried out to date, approximately 84 million 19 thousand OM tokens have been burned in total. The market equivalent of this amount has reached a total of 524 million dollars. Thus, the Mantra DAO team has made a significant contribution to the strategy of protecting the value of the OM token by reducing the token supply.
According to CoinGecko data, Mantra made a name for itself in the market with an 11x increase over the course of a year.