#WhaleMovements 🌏✈🌍 $OM
Purchased at 0.6887. Invested amount 50 USDC.
The first information I read, following the initial collapse in the token price, spoke of Mantra equating it to a major scam.
Therefore, I was surprised by the quick intervention of Mantra's CEO, John Patrick Mullin, indicating the purpose of conducting investigations aimed at analyzing the source of reckless liquidations that had nothing to do with the project.
Hence, I was surprised that on April 7 (one week prior) it was announced that Mantra would launch an ecosystem fund of $108,888,888.- aimed at accelerating the growth of startups focused on the tokenization of real-world assets (RWA) and decentralized finance (DeFi).
And lastly, I was surprised that companies related to the creation of this fund were blamed for the debacle. Investment companies that have denied any involvement in price manipulation.
RWA is one of the most promising narratives in the crypto market for current and future income. Mantra is a company aimed at providing infrastructure for its development.
Is there any black hand trying to discredit Mantra given that RWA is extremely lucrative and its future is expected to be exponential?
I don't know.
Best regards, Community 🐸🧡🐸