Overview

• MANTRA's OM token suffered a 90% crash on April 13, erasing over $5.4 billion in market value, attributed to fragile liquidity and centralized token supply.
• On-chain data revealed 43.6 million OM tokens were transferred to exchanges before the crash, sparking allegations of insider trading, which key investors like Laser Digital have denied.
• MANTRA's centralized control over OM's supply, with nearly 90% of tokens held in a single wallet, left the market vulnerable to sell pressure and liquidity shocks.
• Co-founder John Patrick Mullin assured stakeholders that a post-mortem report is forthcoming and announced plans for a token buyback and supply burn program to restore confidence.
• OM token has rebounded 28% since the crash, offering limited relief to investors, but remains significantly below its pre-crash value.