Mantra released an official statement on April 16, 2025 addressing the events of April 13, 2025, aiming to provide transparency on the token’s sharp decline and outline next steps for the project

On April 16, 2025, Mantra issued a public statement in response to the sharp decline of its OM token on April 13, 2025. The platform clarified that no team members sold tokens during the event and that the collapse primarily involved ERC-20 OM tokens, which make up most of the token’s liquid supply.

Apr 16, 2025 - 12:00am