Mantra gave $ 26.96 million in OM in Binance in the middle of insider to sell concerns

This move followed a 90% drop in Cantra’s price, from today’s day of $ 6.28 on its current price of $ 0.7192. The collision, which deleted over 5 billion dollars a market hat, was blamed by several analysts at the sales Insider.

Mateau, the Mantra team controls 90% of the supply of the token. In this context, the transfer of Mantra funds has announced further concerns of insider sales.

Team to apply for Mantra CEO did not disturb the tokens

In response to price drop, General Manager of Mantra JP Mullin claimed that the sale was not a consequence of any token sales by the team or investor. Instead, he blamed forced liquidations that launched centralized exchange – for collapse.

Several independent analysts are found, which are crawled on the token chain. For example, Cripto Analytic Mak Brown emphasized that Mantra moved 3.9 million OM tokens only in front of price drops.

It is important to note that once the tokens are moved to centralized exchanges, their activity cannot be easily followed on the chain. For this reason, independent analysts definitely cannot prove whether sales or did not happen. However, exchanges themselves can explore these movements – and according to the main CEX, the investigations are in progress.

Binance confirmed the explanation of the Director General. The The replacement was required That his initial findings indicate that the collision is probably due to the overdue liquidations. The OCCC appeared on the other side “Main Changes” On OM’s tokenomics, as well as several addresses on chain addresses of token deposits on centralized exchange.

(OM)