🧵 OM Token Crash – CEO Responds
What Happened:
OM token plummeted ~90% suddenly on Sunday.
🗣️ CEO John Patrick Mullin (MANTRA) addressed the incident, stating:
“Reckless forced closures on centralized exchanges (CEXs)** caused the drop,” not internal team activity.
🔍 Key Points from Mullin’s Statement:
The crash was due to "very sudden closure of account positions"
These closures were triggered without proper warning or notice
Timing and severity do not align with internal manipulation
🛑 FUD Clarification:
Mullin denied any team involvement in the price action.
📌 TL;DR:
This wasn’t a rug pull or insider dump — according to MANTRA’s leadership, it was a case of CEX-level liquidation chaos.
