The commercial firm based in Switzer Digital, which is part of the Nomura group, has denied any participation in the Token Mantra Flash accident that saw 90% of its value.
“The statements that circulate on social networks that link the laser with the ‘sale of investors’ are objective and deceitful,” the firm wrote in X.
Laser Digital shared its controlled mantra wallet addresses, none of which shows deposits to exchanges or sales activity.
Speculation continues to abound why omitted so violently. The mantra team insists that it was due to broader market pressures and centralized exchanges that closed the positions by force, which led to a liquidation waterfall.
OKX stated that price volatility occurred due to an increase in negotiation volume along with a decrease in the initial price in several OKX exchanges, before extending to the broader market.
Before the accident, 17 wallets deposited 43.6 million OM ($ 227 million) for exchanges, this led to a panic response from the headlines while the mantra team has 90% of the circulating supply of the Token, stimulating the initial sale.
OM is currently quoted at $ 0.57, 90% less than the maximum of $ 6.14, since the negotiation volume has increased by 3,425% to $ 2.6 billion, according to CoinmarketCap.
