MANTRA MECHANICS

SUPPLY DYNAMICS

• 43.6m tokens moved by 17 wallets prior to crash

• $227m tokens transferred to exchanges pre-collapse

• circulating supply actually 3-5% vs stated 53%

• team holds 300m tokens (16.88% of total)

MARKET IMPACT

• price fell from $6.30 to sub $0.50 in hours

• $5.5b market cap erased

• significant price divergence between okx and binance

• cascading liquidations amplified sell pressure

OTC STRUCTURE

• team obtained liquidity through otc deals

• circular feedback loop: reinvested to support price

• system collapsed when leverage positions unwound

• ceo proposes burning team tokens to rebuild confidence

PRICE MECHANICS

• 90% drop triggered by 0.4% supply movement

• thin liquidity exposed true market depth

• forced selling created downward spiral

• exchange price gaps revealed market fragmentation