Blockchain Intelligence Platform Lookonchain says that tokens of the Real-World Asset (RWA) Crypto Project Mantra (OM) worth millions of dollars were transferred to digital asset exchanges before a massive price crash.
Lookonchain out On the social media platform X, multiple portfolios had sent millions to -tokens to crypto exchanges prior to the 90% price melting of Mantra on the weekend.
Based on the data from Lookonchain, some stock markets that have received the deposits have received OKX and Binance.
“Who has dropped the price of?
Before the OM -Crash (since 7 April), at least 17 portfolios 43.6 million in ($ 227 million at that time) deposited in stock markets, 4.5% of the circulating stock.
According to the Arkham tag, two of these addresses are linked to Laser Digital.
Laser Digital is a strategic investor in Mantra. ”
On Sunday, Mantra witnessed a sudden price melting and fell from a highlight of $ 6.35 to a low point of $ 0.37 – a no less than 94% in just one day. At the same time, market capitalization fell from $ 6.11 billion to $ 683.3 million.
Crypto Asset Management Firm Laser Digital out That it is not involved in the pricing of Mantra.
“We want to tackle a recent speculation on the involvement of Laser Digital in the price action of OM (Mantra) … claims circulating on social media that link laser to ‘selling investors’ are actually incorrect and misleading …
Movements on chains from OM linked to laser portfolios have been made public. We want to be absolutely clear: Laser has not dropped out to OKX. The portfolios referred to to OKX are not laser portfolios. ”
In the meantime, Mantra CEO JP Mullin Crypto exchanges blame OM’s sudden prices, and noted that the companies have closed unnecessarily large positions during hours with low liquidity.
At the time of writing acts for $ 0.595, a decrease of 32.5% in the past day.
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Generated image: midjourney