From Yahoo Finance: 2025-04-14 10:42:00

Mantra’s OM token collapse on April 13 raises concerns of insider trading involving strategic investor Laser Digital. 43.6 million OM tokens worth $227 million were moved to exchanges days before the crash, with Laser Digital’s wallets transferring 6.5 million tokens to OKX. Laser Digital denies involvement, stating wallets do not belong to the firm.

OKX and Binance respond to the OM token volatility, with OKX founder calling it a “big scandal” and Binance suggesting cross-exchange liquidations may have played a role. Mantra’s management has not commented on the implications of the collapse, leaving investors in search of clarity amidst the turmoil.

Read more: Investors of Mantra Refute Claims of OM Token Dumping Ahead of Crash Despite Arkham Findings