Mantra DAO burns 18.4M OM worth $119M

Layer-1 blockchain Mantra (OM) DAO transferred 18.4 million OM tokens,worth $119 million, to a burn address around 11:00 UTC, according to Arkham data cited by Odaily. The total burned supply now stands at 103.6 million OM, or 11.66% of the total supply.