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
Claim
Quotes that support claims
The most important fact in this analysis is that there were no sales at all by the MANTRA team during this period of market distress. 100% of MANTRA’s Mainnet OM team and advisory allocation remain locked. As explained below, ERC-20 tokens are in public circulation and reside outside of the team's control. Please find the details below:
“The incident almost exclusively involved ERC-20 OM, as ERC-20 OM represents virtually the entire liquid market,” Mantra said in the statement.
Referenced by
Summary
Crypto news
Data block