$OM
Reasons for the drop in OM
The MANTRA project experienced a state of panic in the past few hours after forced liquidation affected the price of OM and raised many questions.
Project official JP Mullin issued urgent clarifications reassuring the community and confirming the following:
The Telegram group has not been deleted and is still active for communication with the team.
The team's tokens are still secure and have not been acted upon, and this can be verified at the address attached in the tweet.
An investigation is currently underway to determine the reasons for the sudden liquidation.
Mullin later clarified that the liquidation was carried out by a large investor in OM through a centralized platform (CEX), which caused disruption in the market and was not due to actions by the team itself.
He confirmed that the project is still fundamentally strong, and the team is committed to transparency and working quickly to resolve any repercussions.