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Blockchain intelligence platform Lookonchain reports that $227 million worth of Mantra (OM) tokens were transferred to exchanges before a staggering 90% price collapse. The sudden sell-off has raised suspicions of coordinated dumping, with Laser Digital denying involvement despite on-chain links.
- 17 wallets moved 4.5% of OM's circulating supply ($227M) to exchanges pre-crash
- Laser Digital denies involvement despite Arkham tagging two linked wallets
- Mantra CEO accuses exchanges of triggering collapse by closing positions
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