Despite the market capitalization of Crypto Assets reaching $2.49 trillion, there are hidden dangers in the Liquidity structure, especially for smaller Tokens. The Liquidity of Centralized Exchanges is affected by market Fluctuation, and solutions need to be improved at the protocol layer. Automated trading is gradually replacing manual trading.

Odaily News MANTRA announced on the X platform that as part of its commitment to Decentralization, the Association 6 validator has now been retired, and users need to transfer their stake OM to another validator.

According to ChainCatcher news and the official announcement, 150 million OM Tokens will be destroyed.

gate News bot message, The MANTRA project team recently announced the execution of the OM token burn plan. According to the announcement, the scale of this burn is 150 million OM tokens. This news was first reported by BWENEWS. As the native token of the MANTRA ecosystem, the large-scale destruction of OM tokens will directly reduce the circulating supply in the market.

Shorooq Partners clarified that the fall of ChainCatcher was not caused by a hacker attack or team selling, but rather triggered by large-scale forced liquidation leading to panic selling. Shorooq emphasized that its position as a long-term investor remains unchanged and publicly shared the wallet address to ensure transparency. Analysis pointed out that changes in leverage requirements and levels led to the collapse, while insufficient market makers in decentralized exchange exacerbated the problem. Before the price drop of OM, there were suspicions that Shorooq Partners received a transfer of 2 million OM.

The important investor of MANTRA, Shorooq Partners, stated that they did not sell any tokens during the OM price collapse and confirmed that MANTRA has no vulnerabilities, with Forced Liquidation being the triggering factor. Shorooq emphasized that their belief as long-term investors has not wavered. Previously, MANTRA secured $11 million in financing, with Shorooq as the leading investor.

PANews April 14 news, according to a statement released by Shorooq, the MANTRA Token $OM has fallen by about 90% in the past 24 hours due to large leveraged positions being liquidated during low liquidity periods, rather than due to technical vulnerabilities or selling by the project party. Both Shorooq and the MANTRA team have not sold any tokens before or after the incident, and most of the $OM remains in a lock-up position. Shorooq emphasizes that it is a long-term equity investor in MANTRA and firmly supports its on-chain RWA vision.

PANews April 14 news, according to Glassnode analysis, $OM fell sharply below $1 today in a short period, and at 08:20 UTC, there was a large transfer of 38 million coins to the exchange at an average price of $0.71, indicating panic or arbitrage behavior. During the big dump, the holdings ratio of the top 1% dropped from 96.4% to 95.6%, indicating large investors selling or liquidating. The realized market capitalization evaporated by about $740 million in just a few hours. The surge in transfers and active address numbers indicates wide participation in the market. This round of dumping was not led by early holders, but more reflects a systematic market response.

According to BlockBeats news on April 14, Lookonchain monitored that five hours before the OM crash, a wallet that had been dormant for a year transferred 2 million OM to a wallet that may be associated with Shane Shin (@KeunShane). This wallet received 2 million OM at a price of approximately $12.58 million, but is now valued at only about $1.57 million.

According to Jinse Finance, as monitored by Lookonchain, 5 hours before the big dump of the OM token price, a wallet that had been dormant for a year transferred 2 million OM tokens to a suspected address associated with Shorooq Partners founding partner Shane Shin (@KeunShane). At the time, the transfer was worth approximately 12.58 million USD, and it has now decreased to 1.57 million USD. According to reports, Shorooq Partners is a venture capital firm focused on seed-round financing in the Middle East and North Africa region.

Odaily News According to market data, although Mantra (OM) has fallen over 90% today, its performance this year is still better than Ethereum (ETH). OM has fallen 26.59% over the year, while ETH has fallen 59.30% over the year.

PANews April 14 news, according to Lookonchain monitoring, the collapse of OM in the past 12 hours has led to $66.97 million in liquidations. Among them, the liquidation amount of 10 positions exceeded $1 million.

PANews April 14 news, according to Lookonchain monitoring, before the OM collapse, at least 17 Wallets deposited 43.6 million OM (then worth $227 million) into the exchange, accounting for 4.5% of the circulating supply. According to Arkham's markings, two addresses are associated with Laser Digital. Laser Digital is a strategic investor in MANTRA.

Gate.io News bot message, according to on-chain data, at least 17 Wallet Addresses deposited 43.6 million OM Tokens into the exchange before the OM Token price fell (starting from April 7), which was worth about $227 million at that time, accounting for 4.5% of the circulating supply. Arkham's tagged data shows that two addresses are associated with Laser Digital. Laser Digital is a strategic investment firm.

According to the Gate.io News bot, multiple crypto assets projects will have token unlocks in the next 7 days, as reported by Tokenomist. Among them, projects with a single unlock amount exceeding $5 million include SUI, WENA, OP, BIGTIME, ZETA, KAS, NEON, and DYDX. At the same time, projects such as SOL, WLD, TIA, DOGE, OM, TAO, AVAX, SUI, JTO, NEAR, DOT, IP, and FIL will undergo linear unlocks, with a daily unlock amount exceeding $1 million. The total value of the tokens unlocked this time reaches $642 million. Source: Wu Says

BlockBeats News, on March 11, according to Coinglass data, in the past 24 hours, the net inflow of crypto spot funds is as follows: S net inflow of $6 million; OM net inflows of $2.67 million; LDO net inflows were $2.12 million. The list of net outflows of crypto spot funds is as follows: ETH net outflows of $138 million; SOL net outflows of $60.69 million; DOGE had a net outflow of $37.88 million.

The recent Movement Labs and Mantra incident in the crypto market has raised concerns about the market-making mechanism. The incident revealed the distorting effects of contracts, private agreements, and OTC Trading on Token supply and prices, leading market-making institutions to reassess risks and demand higher transparency. The industry believes that OTC Trading disrupts the dynamics of Token supply, making it more difficult for market makers to maintain Liquidity. (CoinDesk)

The Movement Labs and Mantra incidents have revealed issues with the market-making mechanisms in the crypto market, including collusive selling and token price big dumps. Many market-making institutions are now reassessing risk management, emphasizing transparency and long-term strategies. Metalpha market makers have improved their trading structures to address risks, and there are calls within the industry to enhance transparency to reduce OTC Trading interference.

PANews, April 19th news, MANTRA co-founder JP Mullin clarified in a post on the X platform: "90% of the token circulating supply has never been under the control of the team, as over 91% of the token circulating supply has been issued on Ethereum and has been in circulation for nearly five years, facts are greater than fear, uncertainty and doubt (FUD)."

According to BlockBeats news on April 19, Mantra announced the launch of its first real-time dashboard (Dashboard) initial version. The dashboard is designed to provide a clear perspective and real-time data, showcasing the supply status of OM Token, operational Wallets, and other important on-chain asset holdings. The dashboard V1 includes: a detailed breakdown of EVM chains and Mainnet OM; links to relevant Wallets.

ChainCatcher news, MANTRA co-founder JP Mullin stated, "The details of the MANTRA token burning plan are in the final stages, and related details will be announced soon. The token buyback plan is also actively being promoted."

PANews May 8 news, Layer 1 Blockchain project MANTRA announced on X platform that the OM upgrade vesting has begun, allocation information is now available for viewing, and relevant users must claim within the first 12 months in order to continue receiving OM upgrade distribution rewards.

Golden Finance reported that Mantra announced on the X platform that it is currently undergoing significant governance improvements for the MANTRA Chain, with a focus on the decentralization of validators. Starting today, MCA6 will be disabled. Additionally, by the end of the second quarter of 2025, the number of internal validators will be reduced by half, and the next batch of external partners will be introduced.

BlockBeats news, on April 29, Mantra co-founder JP Mullin stated that 150 million OM tokens have been successfully burned.

According to a report by Jinsuo Finance, market news indicates that 150 million OM tokens have been sent to a burn address, worth 75 million USD.

Article Summary: The article covers several important events in the Crypto Assets field and related US policies. Tether announced a strategic investment in Fizen, Trump accelerates the distribution of licenses to Nvidia, the fall of US bonds shows that investors have lost confidence in US policies, WCT has two major market makers, and the US is investigating chip electronic products. The co-founder of MANTRA is about to release an OM-related report and plan.

According to Gate.io News bot, JP Mullin, the co-founder of MANTRA, reported that due to the Forced Liquidation of large OM Token holders' Positions, some investors have incurred losses. The MANTRA team plans to release a complete post-event report within 24 hours, which will be verified through on-chain and off-chain data. At the same time, the team announced the launch of an OM Token buyback and burn plan.

gate News bot message, according to SoSoValue data, the crypto market is showing a weak rebound trend, the SocialFi zone has a 24-hour rise of 2.39%, among which Toncoin(TON) and Galxe(GAL) have risen by 3.05% and 3.08% respectively. Affected by the MANTRA incident, the RWA zone fell by 3.59%, and its native token OM fell by 32.74%. From the zone index perspective, the ssiSocialFi index rose by 2.20% in 24 hours, while the ssiRWA index fell by 4.04%. Other zones performed differently: The NFT zone rose by 1.36%, Moca Coin and Animecoin rose by 6.34% and 29.33% respectively; The AI zone slightly rose by 0.28%, Render rose by 3.80%; The CeFi zone rose by 0.15%, Hyperliquid rose by 3.54%; The PayFi zone rose by 0.10%, Monero rose by 3.87%. Layer1, Layer2, and DeFi zones fell by 0.08%, 0.68%, and 0.71% respectively, the Meme zone fell by 2.07%, but Fartcoin rose against the trend by 6.82%.

PANews April 15 news, according to SoSoValue data, the crypto market is experiencing a weak rebound, the SocialFi zone has risen 2.39% in 24 hours, among which, Toncoin (TON) and Galxe (GAL) have risen 3.05% and 3.08% respectively. In addition, the RWA zone has fallen 3.59%, within the zone, due to the ongoing MANTRA incident, its native Token OM has fallen another 32.74% in 24 hours. In other zones, the NFT zone rose by 1.36% in 24 hours. Within the zone, Moca Coin (MOCA) and Animecoin (ANIME) increased by 6.34% and 29.33%, respectively; the AI zone rose by 0.28%, among which, Render (RENDER)

Layer1 blockchain MANTRA conducted a sybil investigation and found that nearly half of the Wallets were disqualified, with some remaining undistributed. 29 members received rewards, and some Tokens were burned. In the future, the MANTRA community will vote on the fate of OMToken. At the same time, it was proposed last year to reduce the on-chain inflation rate to 3%.

Gate.io News bot, according to BWENEWS, OM CEO JP Mullin posted on social media that the details of OM's token burn plan have entered the final stage, and relevant information will be announced in the near future. At the same time, the token buyback program is also being actively promoted. JP Mullin said: "The burn program details are in the final stages, and will be shared in the near future. Buyback program also well underway. We are working around the clock for the Sherpas/OMies."

According to BlockBeats news, on April 18, MANTRA co-founder JP Mullin initiated a Twitter poll to solicit opinions on the method of destroying team Tokens, stating, "After announcing the destruction of all Tokens held by the team, we have received a lot of feedback from the community and investors in the past few days. This decision was made for the community, and the poll aims to understand everyone’s views and attitudes on how to implement this matter." There are four options in the poll: immediate complete destruction, extending the vesting period year by year, transferring to a community Multi-signature Wallet, and gradually unlocking over time.

According to the Gate.io News bot, data monitored by Arkham shows that the address 0xb4…A4e5 of the Mantra DAO project party transferred and destroyed 18,417,000 OM Tokens to a Dead Address at 18:59 Beijing time, with a destruction amount of approximately 119 million USD. The data shows that the cumulative destruction of OM Tokens has reached 103.6 million pieces, accounting for 11.66% of the total Token supply, with a cumulative destruction value of 668 million dollars. Source: Wu Said

PANews reported on April 16 that according to the incident note released by the MANTRA team, the OM token experienced a sharp drop at 18:28 UTC on April 13, plummeting 92% within an hour. The team emphasized that there were no token sales during the crash, and that the circulating market was mainly made up of ERC-20 tokens that had been fully released. The incident was caused by a chain reaction triggered by the forced liquidation of large mortgage OM during the low liquidity period. MANTRA WILL LAUNCH AN OM BUYBACK AND BURN PROGRAM AND RELEASE A TRANSPARENT DATA DASHBOARD TO BOOST MARKET CONFIDENCE.

The MANTRA team issued a statement saying that it would continue to operate normally in response to the OM crash and promised to take necessary measures to ensure that the team's quota was locked. It was found that the forced liquidation event caused excessive market pressure, and a large number of OM tokens have been used as collateral. MANTRA will implement a token buyback and burn program, with the CEO committing to the burn team to allocate funds.

Mantra issued a statement denying the team's sell-off, explaining the reason for the sharp drop in the price of the OM token. The initial forced liquidation caused the price to fall, triggering the automatic liquidation of leveraged positions, exacerbating the selling pressure. MANTRA will launch an OM token support program, including a buyback and burn program. The CEO pledges to burn team tokens.

"For the sake of 100% clarity, I declare that I am burning my team tokens and that we will be creating a comprehensive burn process for the rest of the OM supply," said JP Mullin, co-founder of MANTRA. ”

Gate.io News bot message, according to Arkham monitoring data, the Mantra DAO project party address 0x63…4Ff2 transferred and destroyed 21,229,000 OM tokens to the Dead Address at 17:47 UTC+8, with a destruction amount reaching 132 million USD. According to the data, the total amount of OM Tokens burned currently stands at 84,019,000, with a total destruction value of $524 million. Source: Wu Says

BlockBeats news, on April 14, the MANTRA community issued a statement saying that the abnormal fluctuation of OM today was caused by "disorderly liquidation" and is unrelated to the project itself, emphasizing that the incident was not caused by the team. The official statement indicates that they are investigating the specific reasons and will release more details as soon as possible.

BlockBeats news, on April 14, according to Coinglass data, in the past hour, OM Get Liquidated 28.61 million USD, of which long order Get Liquidated about 28.14 million USD, and short order Get Liquidated about 470,000 USD.

According to the Gate.io News bot, BWENEWS reports that the crypto asset OM experienced a significant fall within an hour, with a decline of 70%. This sharp fluctuation in price is due to the collective exit of the team behind the project from their Holdings.

BlockBeats news, on April 6, according to Coinglass data, the net inflow of cryptocurrency spot funds in the past 7 days is as follows: FDUSD net inflow of 170 million USD; NEO net inflow of 27.14 million USD; OM net inflow of 14.18 million USD; the net outflow of cryptocurrency spot funds is as follows: Bitcoin net outflow of 165 million USD; Ethereum net outflow of 136 million USD; SOL net outflow of 119 million USD.