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What do you think is the core reason behind the MANTRA crash?
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The overall market environment was unstable, short-term funds fled en masse, and irrational liquidations triggered a chain of selling pressure. The project party itself did not bear any direct responsibility.
On-chain data shows that multiple large wallets sold OM in a short period of time, which may belong to private investors or early whales, triggering a waterfall-like decline.
The project owner holds an excessively high proportion of the circulating chips, and is suspected of attracting retail investors by pulling up the market and then quickly dumping the stock, with obvious signs of manipulation.
The constant changes in early airdrop expectations and delayed distribution led to long-term accumulation of dissatisfaction in the community, and ultimately a collapse of confidence, triggering capital flight.
It is not ruled out that project parties, VCs, OTC market makers, etc. have already made coordinated arrangements to obtain huge profits by creating fluctuations, and retail investors have been repeatedly harvested.
