MANTRA Founder JP Mullin Addresses OM Price Crash: Clarifies Causes and Upcoming Community AMA

In a recent statement on social media, JP Mullin, the founder of MANTRA, addressed the significant price decline of the OM token. He clarified that the drop was not instigated by any internal party, including the MANTRA Chain Association, its core advisors, or its investors. Instead, Mullin attributed the turmoil to inappropriate forced liquidations executed by other centralized exchange (CEX) platforms. He emphasized that the OM token remains locked and adheres to the previously established unlock schedule, mitigating concerns around sudden sell-offs. To further engage with the community, the MANTRA team is scheduled to host an Ask Me Anything (AMA) session on the X platform shortly, aiming to address questions and provide clarity regarding the recent market fluctuations. Investors are encouraged to stay informed as the situation evolves.