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MANTRA RESPONDED TO THE SOM CRASH, CONFIRMING THAT THE TEAM HAS NO SALE AND WILL PUSH FOR A BUYBACK AND BURN PLAN
PANews reported on April 16 that according to the incident note released by the MANTRA team, the OM token experienced a sharp drop at 18:28 UTC on April 13, plummeting 92% within an hour. The team emphasized that there were no token sales during the crash, and that the circulating market was mainly made up of ERC-20 tokens that had been fully released. The incident was caused by a chain reaction triggered by the forced liquidation of large mortgage OM during the low liquidity period. MANTRA WILL LAUNCH AN OM BUYBACK AND BURN PROGRAM AND RELEASE A TRANSPARENT DATA DASHBOARD TO BOOST MARKET CONFIDENCE.