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cover-imageCointelegraph
April 14, 2025

Mantra investors deny dumping OM token before crash despite Arkham evidence

Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, raising questions about insider activity and the stability of the project.Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra (OM) tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM tokens — worth about $227 million at the time — to exchanges before the crash, according to blockchain analytics platform Lookonchain, citing Arkham Intelligence data.

Negative
cover-imageCointelegraph
April 14, 2025

Mantra CEO denies insider OM token dump, says Arkham ‘mislabeled' wallets

Update (April 14, 1:15 pm UTC): This article has been updated to add comments by Mantra CEO John Mullin from an AMA event hosted by Cointelegraph.Update (April 14, 4:33 pm UTC): This article has been updated with data from Arkham Intelligence.Mantra CEO John Mullin denied reports suggesting large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, while speaking in an AMA hosted by Cointelegraph on April 14. “The Mantra association, our key investors, our advisers — no one has sold, and we are going to categorically deny and also provide verifiable proof onchain proof that this is the case,” Mullin stated in the AMA.

Positive
cover-imageThe Currency Analytics
March 21, 2024

Binance Revamps Trading Options: Delisting Three Altcoins and Introducing Six New Trading Pairs

Binance, renowned for its commitment to offering a wide array of digital assets for trading, revealed its decision to remove trading pairs for three specific tokens. This move comes as a result of meticulous reviews conducted by the exchange's team to ensure the optimal functioning of its platform and to align with market trends.

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