$OM
PATRICK MULLIN
the CEO of Mantra has made statements trying to excuse himself about the recent drop of the token by up to 90% of its value.
"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 make it clear 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?
Yesterday afternoon, OM was trading at $6.14 and dropped 0.37 in a short time. As a result of this drop, the market value, which was above $6 billion, fell to $600 million. It was suggested that the huge loss of value was the result of sales by team members or market instruments holding large amounts of tokens.
Can these statements be trusted? 🧐