MANTRA responds to the OM crash incident, confirms that the team has not sold and will push for repurchase and destruction plans

PANews
PANews|Apr 16, 2025 12:02
According to the event statement released by the MANTRA team, the OM token experienced a severe drop on April 13th at 18:28 UTC, plummeting 92% within an hour. The team emphasized that no token sales were conducted during the sharp decline period, and the circulating market was mainly composed of fully released ERC-20 tokens. The event was caused by a chain reaction triggered by the forced liquidation of large collateral OM during low liquidity periods. MANTRA will launch an OM repurchase and destruction plan and release a transparent data dashboard to boost market confidence.
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