*Manta CEO Addresses OM Token Recovery and Insider Selling Concerns*
Manta DAO CEO John Mullin has made a statement addressing community concerns about OM token price fluctuations and insider selling allegations. Mullin prioritizes OM token recovery, denies insider dumping, and attributes recent volatility to exchange liquidations.
*Key Points:*
1. *OM Token Recovery*: Mullin emphasizes token recovery as the top priority, exploring buybacks and burns.
2. *Insider Selling Denial*: Mullin denies insider selling allegations, citing Mantra's 90% control of OM token supply and transparency reports.
3. *Exchange Liquidations*: Mullin attributes recent volatility to exchange liquidations, not insider actions.
*$109 Million Ecosystem Fund*:
1. Supports project recovery and growth
2. Potential uses: development, community initiatives, strategic partnerships, and OM token support
*Future Outlook*:
1. Transparency and community trust crucial
2. Monitor transparency reports, buyback/burn announcements, and community engagement
Mullin's statement aims to reassure OM holders and the crypto community, charting a course towards stabilization and growth.