MANTRA has recently announced a major development aimed at stabilizing its ecosystem: a massive 300 million token burn. This strategic move involves the permanent removal of a significant portion of the token supply, spearheaded by CEO and founder John Patrick Mullen.
He is contributing 150 million tokens from his own team allocation, while the broader MANTRA team is coordinating the burn of another 150 million. In total, this initiative will cut the total supply from 1.82 billion tokens to approximately 1.67 billion, effectively reducing the amount of staked tokens from 578 million to 421 million.
This decision appears to be a direct response to recent market challenges and ongoing downward price action. While the burn reduces circulating supply and may ease some of the selling pressure, questions remain about its overall impact.
Market sentiment, particularly after the highs of Q4 2024, cannot be artificially recreated. That euphoric period drove prices to extraordinary levels—levels unlikely to return from supply burns alone.
The psychological dynamics and community excitement from that time are irreplaceable, no matter how aggressive a burn or buyback strategy might be. Despite the burn being a positive step, many believe it may be too little, too late.
Investors are still navigating a lackluster altcoin season, where even major developments fail to shift market momentum significantly. At present, selling pressure continues to outweigh any bullish signals. The move is seen more as a part of a broader recovery roadmap rather than a catalyst for immediate price action.
Source – Jacob Crypto Bury on YouTube
$OM Price Prediction
$OM is showing a modest recovery, currently trading around $0.545. The burn announcement appears to have provided short-term bullish momentum, but the move has yet to break key resistance levels convincingly. The immediate resistance lies around $0.560, which marks the recent local high.
A clean breakout above this could see $OM pushing toward $0.590 in the coming weeks if broader market sentiment improves. On the downside, support is holding at approximately $0.517—this level has acted as a short-term floor following previous dips.
If price breaks below this support, further downside to $0.505 could follow. Overall, while the burn adds a bullish narrative, $OM will need stronger volume and broader market tailwinds to confirm a more sustained uptrend.
Solaxy Presale Rallies Investor Confidence With $31 Million Raised – MANTRA Alternative?
Nonetheless, there’s optimism in the effort being made. Unlike inflationary models, MANTRA doesn’t appear to be increasing supply, which is a constructive sign. And while the immediate effect may be limited, removing 15% of the circulating supply could still help long-term holders.
It’s also worth noting that ecosystem conversations are ongoing, and further strategic partnerships could amplify the impact of this supply cut.
Additionally, interest is shifting toward presale projects such as Solaxy, which is steadily shedding its meme coin image and establishing itself as a serious player within the Solana ecosystem.
Positioned as a Layer 2 solution on Solana, it promises both scalability and speed—two critical components for handling high transaction volumes, especially in the meme coin sector.
The project has already raised over $31million in its ongoing presale, a strong indicator of growing investor confidence and community interest. This influx of support is partly fueled by the attractive 129% staking rewards, encouraging both early adoption and long-term holding.
Solaxy also aims to address a broader issue in the blockchain space: the inefficiency and congestion caused by the massive influx of meme coins. Unlike many meme projects that rely solely on hype, Solaxy positions itself as a solution—a platform optimized to support and list meme coins more efficiently.
This proactive approach transforms it from a mere speculative token into a potentially sustainable platform that contributes positively to the broader crypto environment. Furthermore, ongoing developer updates demonstrate active engagement and a willingness to keep the community informed.
A recent developer update for Solaxy has revealed several key advancements. Most notably, the official release of the Solaxy Block Explorer is scheduled for April 19th, marking a significant step forward for the project.
In terms of data availability, further analysis indicates that the system can maintain a throughput of 140KB/s under optimal configurations on the Solana mainnet. This improvement promises faster data storage and an enhanced user experience.
Minor adjustments have also been implemented to the CLI interface to support smoother functionality. On the performance front, efforts to boost rollup throughput are ongoing, with the current goal set at 10,000 transactions per second (TPS).
In the area of bridging, proper CORS has now been configured on the SDK. Developers are also working to resolve bugs where the rollup behavior does not fully align with the native Solana Layer 1 expectations of various user interfaces.
The $SOLX token is currently priced at $0.001702. To purchase $SOLX, investors must connect a crypto wallet. Best Wallet is a recommended option, offering support for over 60 blockchains along with a built-in fiat-to-crypto onramp.
Users can select a preferred payment method—such as $ETH, $USDT, $BNB, or fiat currency—then enter the desired amount of $SOLX tokens. After confirming the transaction, buyers can also choose whether or not to stake their tokens.
While mainstream listings like Binance are unlikely in the near term, initial availability on decentralized exchanges and mid-tier centralized platforms is a more realistic pathway, as seen with similar meme coins.
In summary, Solaxy represents more than just a passing trend. Backed by a strong presale, generous staking incentives, and a strategic vision rooted in scalability and community involvement, it is setting itself apart from traditional meme coins.
Whether it becomes a lasting player in the ecosystem will depend on its continued development and the eventual success of its launch and exchange listings. For now, it stands as one of the more promising meme coin initiatives within the Solana network.
