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.

OM0.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-f4975460vip
· 04-16 13:34
Ape In 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)