MANTRA Burns 150 Million OM Tokens to Boost Stability

After facing a tough month with a 90% price dip, MANTRA has moved to stabilize its economy by initiating a major token burn.

Several major events are keeping crypto traders on their toes this week. MANTRA is working to restore confidence with a significant token burn following a steep price drop. At the same time, the XRP ETF conversation is picking up pace, with new applications filed by major asset managers. But one big name—which could really heat up the XRP coin value prediction optimism—is yet to join in.

Meanwhile, BlockDAG (BDAG) is making headlines by offering a limited-time 90% discount on its tokens, allowing buyers to load up at just $0.0025. With $219.5 million already raised in its presale, BlockDAG’s momentum shows no signs of slowing.

But first, let's take a look at the latest developments with MANTRA.

MANTRA Burns 150 Million OM Tokens to Boost Stability After Tough Month

Crypto project MANTRA is burning 150 million OM tokens to help stabilize its economy. The project has faced a challenging month, with its token price plummeting by 90%.

The burned tokens will be sourced from team and contributor allocations and are expected to be fully destroyed by April 29. This move will reduce the total OM supply from 1.82 billion to 1.67 billion.

The tokens being burned were originally locked for network security during MANTRA’s mainnet launch in October 2024. However, the decision to burn them now is a direct response to recent price struggles.

To further contribute to the stability efforts, CEO John Patrick Mullin announced that he would burn his own full 150 million OM token allocation. Moreover, discussions are ongoing with partners to burn an additional 150 million tokens.

If these actions are successful, they could help restore long-term trust and strengthen MANTRA’s recovery path.

XRP ETF Applications Pushed By Grayscale, Franklin Templeton, And 21Shares

The push for an XRP ETF continues, with Grayscale, Franklin Templeton, and 21Shares all submitting applications. However, one big name is notably absent.

While BlackRock has found massive success with its Bitcoin and Ethereum ETFs, it has not yet filed for an XRP product. Its Bitcoin fund currently holds more than $30 billion, and its Ethereum ETF has already crossed $1 billion in assets.

The lack of a BlackRock filing likely ties back to the ongoing regulatory uncertainty surrounding XRP. Without full clarity on its legal classification, BlackRock appears hesitant to move forward.

However, traders will be watching closely because if BlackRock does decide to join the race, it could trigger major excitement for XRP.

But if you're looking for an interesting opportunity to join an early-stage project that has great potential, then you might want to consider BlockDAG.

BlockDAG's 90% Discount Sparks Record Demand As Batch 27 Sells Out Quickly

Buyers are flocking to secure huge potential returns with BlockDAG’s latest presale offer. Thanks to a rollback deal, participants can currently buy BDAG tokens for just $0.0025, compared to the standard price of $0.0248.

This incredible discount is part of BlockDAG’s effort to return value to its earliest supporters, who entered the presale at higher prices.

So far, $219.5 million has been raised in the presale, putting BlockDAG on track to smash its $600 million target. For perspective, this presale sum is already larger than the entire market cap of 96% of crypto projects.

Early supporters have already seen a remarkable 2,380% return during the presale stages. Now, with this steep discount and Batch 27 nearly sold out, new participants have a rare opportunity to jump in before the next price increase.

Clock Is Ticking On Unlikely Discount

Adding to the appeal are analyst forecasts that put BDAG’s price at $1 by 2025. That would translate to a 3,932% return from today’s discounted price.

Buyers could begin seeing triple-digit returns as soon as the next few presale batches sell out, setting off the next stage of the token price increase.

Looking even further ahead, projections suggest BDAG could reach $20 by 2027, making it one of the highest potential plays in the space.

Those seeking safer, lower-return investments can opt for safer asset classes. But for those comfortable with high risk and potential reward, BlockDAG stands out.

Those who missed out on Bitcoin’s early years are making the same mistake again with BlockDAG. It is an open secret that the best crypto plays usually generate 1,000%+ returns, which is why traders are massively queuing up for this discounted window.

Those who move quickly can secure a piece of the potential upside as Batch

News data source: kdj.com

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