JUST IN:🚨 $OM Plunges 87% to $0.8191 in Past 24 Hours with Market Cap Now at $797M and liquidation of $71.53 million. 🩸
According to MANTRA, the plunge was triggered by aggressive liquidations from a large investor on a centralized exchange (CEX), not by any fundamental issues with the project itself. The team is actively investigating and promises more details soon.
Co-founder JP Mullin also shared a personal update: 👇
– The official Telegram group remains active.
– All team tokens are still in custody and can be verified at: mantra1yejpacug78zuqkzwwuc94c0a2al4mz4yfqquam
– The team is working to understand the cause of the large-scale forced liquidations and will share updates as they learn more.
Stay tuned for more updates on OM.
