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MANTRA responds to the OM crash incident, confirms that the team has not sold and will push for repurchase and destruction plans

PANews
PANews|4月 16, 2025 12:02
According to the event statement released by the MANTRA team, the OM token experienced a severe drop on April 13th at 18:28 UTC, plummeting 92% within an hour. The team emphasized that no token sales were conducted during the sharp decline period, and the circulating market was mainly composed of fully released ERC-20 tokens. The event was caused by a chain reaction triggered by the forced liquidation of large collateral OM during low liquidity periods. MANTRA will launch an OM repurchase and destruction plan and release a transparent data dashboard to boost market confidence.
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Timeline

5月 16, 12:02【The total repurchase amount of ATH nodes reached 200 million ATH】
5月 16, 02:16【Omni Foundation repurchases 6.77 million OMNI tokens】
5月 16, 02:13【Omni Foundation repurchases 6.77 million OMNI tokens】
5月 15, 20:14【SKY solves DAO governance and token value issues】
5月 15, 15:36【Useless DAO tokens will no longer be able to convince buyers】
5月 15, 15:04【Aethir launches Checker Nodes buyback program】
5月 15, 13:38【Synthetix launches daily maximum limit of $1 million USD repurchase for sUSD】
5月 14, 09:58【BSC Foundation increases holdings in CGPT, ChainGPT launches buyback】
5月 14, 09:57【BSC Foundation purchases CGPT again】
5月 13, 03:53【Judge rejects class action lawsuit against Caitlyn Jenner】

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