TechFlow, April 16 — In response to the significant drop in OM token price, Mantra issued a statement emphasizing that the team did not participate in any selling, and both team and advisor funds remain 100% locked. The decline stemmed from an initial forced liquidation that triggered a chain reaction of clearing across exchanges, resulting in multiple major traders being liquidated. Currently, 77.5 million OM tokens are in circulation, with over 200,000 wallets holding the token. To stabilize the market, Mantra will launch a token support program including buybacks and token burns. CEO John Patrick Mullin has pledged to burn the team's allocated tokens to restore investor confidence.
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