Circle Internet 首次公开募股:缩小传统金融与加密货币之间的差距
探索 Circle Internet 具有里程碑意义的首次公开募股及其对加密货币和金融世界的影响。了解这一事件如何象征着数字货币与传统金融的融合,为金融技术的新时代铺平道路。

Mantra CEO John Mullin directly addressed mounting community concerns during a 14 April Ask Me Anything (AMA) hosted by Cointelegraph, following the steep drop in OM token’s value.
Mullin refuted claims that major Mantra investors offloaded significant amounts of OM prior to the crash, dismissing speculation of coordinated sell-offs.
Mullin stated in the AMA:
“The Mantra association, our key investors, our advisers — no one has sold, and we are going to categorically deny and also provide verifiable proof onchain proof that this is the case.”
$OM Collapse—Rugpull or Market Panic? | Mantra Team Responds https://t.co/h1qxp3sFF7
— Cointelegraph (@Cointelegraph) April 14, 2025
The controversy stems from earlier reports suggesting that Laser Digital — a digital asset subsidiary backed by Nomura and a strategic investor in Mantra since May 2024 — may have offloaded substantial OM holdings before the token’s 13 April collapse.
According to blockchain analytics from Lookonchain, citing Arkham Intelligence, two wallets linked to Laser Digital were among 17 wallets that collectively moved 43.6 million OM tokens, valued at roughly $227 million, to centralised exchanges ahead of the plunge.
Who dropped the price of $OM?
— Lookonchain (@lookonchain) April 14, 2025
Before the $OM crash(since Apr 7), at least 17 wallets deposited 43.6M $OM($227M at the time) into exchanges, 4.5% of the circulating supply.
According to Arkham’s tag, 2 of these addresses are linked to Laser Digital.
Laser Digital is a strategic… pic.twitter.com/zB8yAPRPSO
Arkham Intelligence data shows that a wallet labeled “0x84EE7” and allegedly linked to Laser Digital transferred 6.5 million OM tokens to another address, “0xB37DB,” on 11 April.
This second address then offloaded the tokens on the OKX exchange across several transactions.
However, Laser Digital has denied any involvement, rejecting the Lookonchain report and asserting that the wallets in question are not affiliated with the firm.
1/ We want to directly address recent speculation around Laser Digital’s involvement in the price action of $OM (Mantra) @MANTRA_Chain.
— Laser Digital (@LaserDigital_) April 14, 2025
2/ Laser has no involvement in the recent price collapse of $OM.
Assertions circulating on social media that link Laser to 'investor selling'…
Mullin noted during the AMA:
“I don’t know who those wallets belong to. I know they don’t belong to Shorooq. I know they don’t belong to Laser. I know they don’t belong to our key institutional partners.”
Mullin also challenged the accuracy of Arkham’s wallet labelling.
He stated that Mantra was unaware of who was behind the large token transfers ahead of the OM crash and believes the wallets may have been misidentified.
Mullin added that Mantra had already disclosed its primary wallet addresses in a transparency report released on 8 April.
In addition to Laser Digital, on-chain activity around the OM token was also linked on social media to an address reportedly connected to another Mantra investor—Shorooq Partners.
According to data from Lookonchain, a wallet associated with Shane Shin, founding partner of Shorooq, received 2 million OM tokens on 13 April at 11.52am UTC—just hours before the token’s crash.
Five hours before the $OM crash, a wallet that had been dormant for one year transferred 2M $OM to a wallet potentially linked to Shane Shin(@KeunShane).
— Lookonchain (@lookonchain) April 14, 2025
Is this related to the rumored OTC deals?
This wallet received 2M $OM at $12.58M, but it is now only worth $1.57M.
Shane… pic.twitter.com/d94cvh6hBp
The source of the transfer was a previously dormant wallet that had received 2.75 million OM earlier in April 2024.
Shin has since denied offloading the tokens, clarifying that the movement appeared to be a wallet-to-wallet transaction rather than a transfer to an exchange.
The transfer has been made from one wallet to another wallet, not to an exchange. No tokens have been sold. The community can check the wallet address and all its transactions to understand the situation fully. Here is the wallet address for full transparency:…
— Shane Shin شين شن (@KeunShane) April 14, 2025
Both Shorooq Partners and Laser Digital were among the backers of Mantra’s $109 million Ecosystem Fund, announced on 7 April.
A spokesperson for Shorooq stated:
“It is important to note up front that Shorooq (its funds and founding partners) and Mantra (management and team members) have not sold OM tokens in the lead up to, or during, this crash.”
The spokesperson added:
“This means that our focus is on the long-term growth of the project.”
The last 24 hours have been turbulent for the @MANTRA_Chain community following the sharp price drop of the $OM token.
— Shorooq (@ShorooqPartners) April 14, 2025
Let’s set the record straight:
✅ No tokens were sold by Shorooq funds, founding partners or MANTRA teams during the crash
❌ There was no exploit—on-chain…
With OKX and Binance among the platforms witnessing heightened OM token activity before and during the crash, both exchanges have weighed in on the incident.
OKX founder Star Xu described the episode as a “big scandal to the whole crypto industry,” underscoring its broader implications.
While Mullin suggested the crash was tied to actions on a single exchange, Binance pointed to “cross-exchange liquidations” as a likely driver.
Binance expressed in an announcement on 14 April:
“Our initial findings indicate that the developments over the past day are a result of cross-exchange liquidations.”
Binance Co-Founder Changpeng Zhao (CZ) joked that some people still lay the blame on Binance.
Some people blame @Binance for OM. Whoever did it in the last 3 days knows to avoid Binance. 🤷♂️😂 https://t.co/ATlEhxSu0S
— CZ 🔶 BNB (@cz_binance) April 14, 2025
And people still blame Binance...🤷♂️😂 https://t.co/Rv3QRNWfVn
— CZ 🔶 BNB (@cz_binance) April 14, 2025
In a statement released on 14 April, OKX noted that Mantra’s tokenomics had undergone significant changes since October 2024 and highlighted signs of unusual activity across several trading platforms.
Mullin reassured users that Mantra and its partners are diligently working towards the recovery of the Mantra (OM) token, though he clarified that plans for token buybacks and potential burns are still in development.
Emphasizing that restoring the OM token's value is Mantra's "top priority," Mullin stated:
“We’re still in the early stages of putting together this plan for potential buyback of tokens.”
As of the latest data, OM is trading at $0.6156, a slight recovery from its post-collapse low of $0.52 on 13 April at approximately 7.30pm UTC.
Despite this rebound, the token has experienced a significant 40.68% drop over the past 24 hours.
Mullin also addressed rumors, firmly denying reports that key Mantra investors sold off OM tokens prior to the crash.
He further dismissed claims that the Mantra team holds 90% of the token's total supply.
Highlighting the “two sides” of Mantra’s tokenomics, Mullin pointed out:
“I think it’s baseless. We posted a community transparency report last week, and it shows all the different wallets.”
Mullin also highlighted the structure of the OM token, which is hard-capped and based on Ethereum, having been active since August 2020:
"You have the Ethereum side and the mainnet side."
Referring the public to Etherscan records, he continued: https://etherscan.io/token/0x3593d125a4f7849a1b059e64f4517a86dd60c95d#balances
“The biggest holder of OM on exchange is Binance.”
Notably, the largest wallet holding OM is owned by the crypto exchange OKX, which controls roughly 14% of the circulating supply, equating to around 130 million tokens.
Mullin provided further insight into the Mantra Ecosystem Fund (MEF), a $109 million initiative launched on 7 April in collaboration with key strategic investors, including Laser Digital and Shorooq.
Other notable backers include Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, Damac, Fuse, LVNA Capital, Forte, among others.
Mullin clarified that the fund is not solely composed of Mantra's OM token but also includes significant dollar commitments and contributions, offering a broader financial foundation for the project’s development.
The CEO noted:
“We’ll continue to invest and support the ecosystem as part of this recovery plan.”
During the AMA, Mantra’s CEO addressed a significant 38-million-OM transaction to the Binance cold wallet on 14 April, clarifying that it was related to a staking programme on the Binance platform.
"It was actually Binance," Mullin explained, noting that Binance was using OM tokens held on its exchange as part of its staking program.
With 90% already dumped in $OM, it seems like the $OM team is about to sell more.
— Onchain Lens (@OnchainLens) April 14, 2025
2 hours ago, the @MANTRA_Chain DAO staked wallet sent 38M $OM ($26.96M) to #Binance Cold Wallet.https://t.co/nSttgmuqzgpic.twitter.com/Vsc2q346fC
He added:
“So, they just returned them because the staking program ended.”
Mullin also highlighted that many of the transactions that sparked the community’s concerns following the crash were linked to collateral movements by an unnamed exchange.
Mullin expressed:
“Effectively, those tokens were being used as collateral on an exchange. Then, the exchange decided that it was not the position they wanted to maintain anymore, for whatever reason. So, what happened was basically the positions were taken over by the exchange that took the collateral and started selling, which caused a cascade of sell pressure and forced more liquidations.”
He reiterated Mantra's commitment to resolving the situation with the utmost transparency, assuring the community that the company is fully dedicated to addressing the matter.
A lot of false information was circulating over the weekend surrounding MANTRA. Unlike those spreading misinformation, @jp_mullin888 has always been a transparent and professional counterparty to FalconX. https://t.co/qcaSKPkHIJ
— Ravi Doshi (@rav_dosh) April 14, 2025
Noting that the incident was a “very unfortunate situation,” Mullin noted:
“We’re not running from anything.”
探索 Circle Internet 具有里程碑意义的首次公开募股及其对加密货币和金融世界的影响。了解这一事件如何象征着数字货币与传统金融的融合,为金融技术的新时代铺平道路。
探索双子星赚、创世纪和 DCG 截至 2024 年的复杂法律和财务传奇的最新进展,包括重组计划、法院裁决和用户反应。
了解摩根大通冻结账户的内幕。在我们的全面分析中揭示客户体验、银行政策、法律影响和解决策略。
探索由 Binance Labs 和 KuCoin Labs 支持的 Magic Square 的 $SQR 代币的开创性发布。探索其技术创新、市场影响以及彻底改变各行各业的潜力。
探讨 Terra Labs 前首席执行官 Do Kwon 在等待黑山引渡期间寻求推迟美国证券交易委员会对其审判的错综复杂的法律斗争。通过本篇详细分析,深入了解加密货币监管和国际法的复杂性。
在比特币即将减半之前,探索我们对比特币矿工外流最近六年新高及其对加密货币市场影响的深入分析。
探索一位荷兰法律系学生在加密货币世界中的兴衰故事,重点介绍从一场价值 1000 万欧元的骗局中面临的挑战和吸取的教训。在这个引人入胜的故事中,您将发现法律、道德和数字金融的交集。
HyperVerse 是一个由神秘首席执行官领导的加密货币基金,被指控从事欺诈和传销活动。在这个扣人心弦的故事中,您将发现名人代言的诱惑、监管疏漏以及对投资者和加密货币行业的连锁反应。
探索 1INCH DAO 和 Storm Partners 之间开创性的合作关系,此举重塑了 DeFi 治理。了解这一战略联盟如何将法律专业知识带到去中心化金融的最前沿,为 DeFi 行业的合规、创新和可持续增长设定新标准。
探索 Taproot Wizards 开创性的量子猫系列。探索 Evolving Inscriptions 和比特币区块链创新如何重新定义数字艺术。价值 6.6 万美元的区块链技术愿景项目