PANews reported on April 14 that according to a statement released by Shorooq, the MANTRA token $OM plunged by about 90% in the past 24 hours due to the forced liquidation of large leveraged positions during a period of low liquidity, not due to technical loopholes or project party selling. Neither Shorooq nor the MANTRA team sold any tokens before or after the incident, and most $OM is still locked. Shorooq emphasized that it is a long-term equity investor in MANTRA and firmly supports its vision of RWA on-chain.
Shorooq clarified that he did not participate in the $OM sell-off and the accident was caused by forced liquidation, not an attack
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