PANews
PANews|Apr 14, 2025 11:44
Shorooq has released a statement stating that it did not participate in the $OM sell-off, and the incident was caused by a non attack on Qiangping According to a statement released by Shorooq, the sharp drop of approximately 90% in MANTRA token OM within the past 24 hours is due to the forced liquidation of large leveraged positions during periods of low liquidity, rather than technical vulnerabilities or project selling. Both Shorooq and the MANTRA team did not sell any tokens before or after the event, and most of the $OM remains locked in. Shorooq emphasized that he is a long-term equity investor in MANTRA and firmly supports its RWA on chain vision.
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