Mantra Price Struggles as CEO Prepares for Upcoming Speech: Trust in Question

 Mantra price struggles amid trust issues after a crash. The CEO to address concerns at TOKEN2049, with token burn and buyback plans to stabilize value.
Mantra’s price has been in freefall, with little sign of recovery following its drastic crash two weeks ago. Investors continue to express skepticism after the sharp decline, questioning whether forced liquidations or insider activity were responsible for the collapse. The coin’s value, which stood at $9.10 in March, has now plummeted to around $0.50, marking a staggering loss of over $7.5 billion in value.

Forced Liquidations or Insider Dumping?

The management team of Mantra has attributed the collapse to forced liquidations by an exchange, but many in the crypto community believe there may be another explanation. Users are questioning why Mantra was the only coin to suffer from such a liquidation event, with some speculating that insiders may have been responsible for dumping large quantities of tokens.

<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>To the MANTRA community,<br><br>First and foremost, I want to acknowledge the impact of what happened two weeks ago. I understand many of you lost money. Some of you lost a lot of money. Your trust is everything to us, and we&#39;re working to rebuild it with a focus on doubling down on…</p>&mdash; JP Mullin (🕉, 🏘️) (@jp_mullin888) <a href=”https://twitter.com/jp_mullin888/status/1915744931282669686?ref_src=twsrc%5Etfw”>April 25, 2025</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

As the price of Mantra languishes, the company is facing a trust crisis. With investor confidence at an all-time low, the chances of a quick recovery appear slim.

CEO’s Upcoming Speech and Efforts to Regain Trust

John Patrick Mullin,president of Mantra, is about to give an important speech at TOKEN2049 from April 30th – May 1st. It is a large conference for crypto in Dubai. In the interview prior to the collapse, Mullin promised an update for ecosystem evolvements as well as his anticipated token burn. During his speech, he will encourage the crypto community to unify together to and avoid compulsory liquidations in the future which have decrease trust investors, amongst investors.

Mantra Price Solutions: Token Burn and Buyback

Mantra is making moves to stabilize the token price, including a token burn as well as potentially considering a $109 million buyback. The company wants to burn 300 OM Tokens from its Treasury, reducing the number of OM Tokens on circulation which could positively affect value. Additionally, the token buyback could increase demand helping to support the price.

Despite these efforts, many believe that they may not be enough to restore investor confidence. The fundamental issue remains: trust has been severely eroded, and the Mantra price is struggling as a result.

Technical Analysis: Mantra Price Shows Bearish Signs

The technical indicators for Mantra are equally troubling. The OM price chart reveals a sharp decline after the March high, with the price sinking below all key moving averages. This suggests that bears are firmly in control. The formation of a bearish pennant pattern further reinforces the outlook that the Mantra price will continue to fall, potentially reaching a low of $0.2330 — the lowest swing point from February last year.

Although Mantra may appear cheap at its current price, there are significant risks ahead. Failed projects in the past, such as Celsius and FTX, have seen sudden short squeezes, but this is not a guaranteed outcome. Until trust is restored and investor sentiment shifts, the Mantra price may struggle to find a stable footing.

Conclusion: Will Mantra Price Recover?

With the trust of investors severely damaged, the future of Mantra’s price remains uncertain. While Mullin’s upcoming speech and the proposed measures like token burn and buyback might offer some hope, the reality is that it may take more than these actions to restore confidence. As the technical analysis points to further decline, it seems likely that the Mantra price will continue its downward trajectory unless a significant shift occurs in investor sentiment.