The Mantra team said that the collapse exceeding 90 percent in the $OM token was not related to the team and said, "We are fundamentally a strong project, the decline was caused by developments unrelated to the project."
The first statement came from the project team after the sharp decline in #mantra 's #OM token, which exceeded 90 percent. The statement did not provide any information about the team of the day and said:
"We want MANTRA to be as strong as it is now. Today's movement was triggered by statements unrelated to the project. We would like to state clearly that this is not a situation related to our system. We are investigating the issue and will share more details about what happened as soon as possible."
What happened?
In the evening, OM was traded at $ 6.14 and fell by 0.37 in a short time. As a result of this decline, the market value, which was over $ 6 billion, fell to 600 million. It was suggested that the huge loss in value was a result of sales by members of the team or market instruments holding large amounts of tokens.
