PANews reports on April 14th that according to a statement released by Shorooq, the sharp decline of approximately 90% in the MANTRA token $OM within the past 24 hours was caused by large-scale leveraged positions being liquidated during a period of low liquidity, and was not due to technical vulnerabilities or token sales by the project team. Neither Shorooq nor the MANTRA team sold any tokens before or after the incident, and most $OM tokens remain in a locked state. Shorooq emphasized that it is a long-term equity investor in MANTRA and firmly supports its vision of real-world assets (RWA) on-chain.
Shorooq clarified that he did not participate in the $OM sell-off and the accident was caused by forced liquidation, not an attack
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