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The OM token issued by MANTRA plummeted from $6 to $0.37 in a single day, with blockchain data revealing large pre-crash transfers by investor-linked wallets. Key stakeholders deny involvement, while MANTRA blames exchange liquidations for the collapse.
- 17 wallets moved 43M OM tokens ($227M) to exchanges pre-crash, including Laser Digital-linked addresses.
- Shorooq Partners' associated wallet received 2M OM tokens hours before the collapse from an inactive address.
- MANTRA blamed exchange liquidations, not internal sales, for the crash, urging tighter exchange oversight.
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