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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
Mantra stated that no members of the team sold OM tokens during the sudden price collapse on April 13, 2025, emphasizing internal integrity amid external concerns
Mantra clarified that the April 13, 2025 crash of the OM token predominantly involved ERC-20 OM tokens, which make up nearly the entire liquid market supply across exchanges
Mantra faced public criticism immediately after the April 13, 2025 crash, which the team addressed by denying any token sales and launching an investigation

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