MANTRA: CEX's reckless liquidation during the period of low liquidity caused OM to plummet, which may be due to negligence or market manipulation

Odaily Planet Daily News Layer 1 blockchain project MANTRA published an article in its official blog to officially respond to its "OM token crash": "It has been determined that the volatility of the OM market was caused by the reckless forced liquidation of OM account holders initiated by centralized exchanges. The timing and depth of the crash indicate that account positions were closed very suddenly without adequate warning or notification. This happened during the low liquidity hours in the early morning of Asian time, which at least shows that there is a certain degree of negligence on the part of centralized exchanges, or perhaps deliberate market manipulation. Centralized exchange partners play an important role in providing liquidity for projects like ours. We work closely with them, however, they still have great discretion. When this discretion is exercised without proper internal and external supervision, market dislocations may occur, as has recently occurred, to the detriment of the interests of the project and investors. It should be clear that this market dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA's investors selling tokens. The tokens are still locked and subject to the announced vesting period. OM Token economics remain unchanged, as we stated in our latest token report last week. Our token wallet addresses are online and visible.”