MANTRA responded to the OM crash, confirming that the team did not sell and will launch a buyback and destruction plan

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PANews
04-16
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PANews reported on April 16 that according to the event statement released by the MANTRA team, the OM token experienced a sharp decline on April 13 at 18:28 UTC, plummeting 92% within an hour. The team emphasized that no token sales were conducted during the sharp decline, and the circulating market is primarily composed of fully released ERC-20 tokens. The incident was caused by a chain reaction triggered by forced liquidation of large OM pledges during a low liquidity period. MANTRA will initiate an OM buyback and destruction plan and launch a transparent data dashboard to boost market confidence.

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