The MANTRA investor Shorooq stated that neither the fund nor the MANTRA team sold any tokens during the OM big dump.

robot
Abstract generation in progress

BlockBeats news, on April 14, Shorooq Partners, an important investor in MANTRA, posted on social media stating that during the OM price crash, neither the Shorooq fund, founding partners, nor the MANTRA team sold any Tokens. MANTRA also has no vulnerabilities, and on-chain data confirms that large-scale Forced Liquidation was the triggering factor. This chain reaction occurred during a low Liquidity period, leading to panic dumping. Shorooq stated that as a long-term equity investor in MANTRA, their belief has never wavered. BlockBeats previously reported that the RWA project MANTRA announced the completion of a $11 million financing on March 19, 2024, led by Shorooq Partners, with participation from Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, and 280 Capital.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)