The Mantra (OM) crypto project fell by more than 90%, in a few hours falling from $ 6.30 below $ 0.50. The Director General of Mantra, JP Mullin, explained the fall in the course for a compulsory liquidation on centralized exchanges.

Mallin published a post in X, where he claims that the actions of exchanges against OM owners were undertaken suddenly and at low liquidity hours. The positions were closed without prior notice. Mallin explained that the sale of tokens did not occur due to the fault of the project team, the Mantra Chain association or its consultants.

Tokens are still blocked and will be distributed in accordance with the established schedule, Mallin promised. He emphasized that OM tokensomics remains unchanged, as the project reported last week in his report. The head of Mantra confirmed that the project will fulfill its long -term obligations.

The founder of the project also warned users so that they would not cross the fraudulent links and do not contact with suspicious accounts that can impersonate Mantra. All official messages will be published only from a personal account or main Mantra account in X.

Mantra was launched as a project for the tokenization of real assets. In February, a detailed material about the prospects of Mantra and the reasons for the take -off of the OM token came out on Bits.media.