Mantra Co-Founder Explains $5 BILLION OM Token Collapse

Mantra co-founder JP Mullin joins Coinage to explain how the project's OM token crashed 90% to erase $5 billion in value.

The real-world asset focused Layer-1 had launched last year, but blames a liquidation event on an unnamed exchange. Coinage explores the decisions that led up to the collapse — and why it echoes concerns the SEC is looking to clear up around transparency.

“I feel responsible. Even if I didn’t do anything negligent or malicious or anything,” Mullin tells Coinage. “They believed in me… and they lost money on that.”

Read the full story: https://www.coinage.media/s4/mantra-c...

SUBSCRIBE TO OUR FREE NEWSLETTER: https://coinage.substack.com/

STAKE WITH US: https://daic.capital/?utm_source=coin...

SUBSCRIBE to Coinage to never miss a video!
Coinage is a community-owned show answering crypto's biggest questions. You can learn more about the project at https://www.coinage.media/

#mantra
#bitcoin #solana #ethereum #trump #politics
#bitcoinprice #bitcoinnews #crypto #bitcointrading #cryptocurrency #cryptonews #investing #investingtips

00:00 JP Mullin Reacts to OM Crash
05:00 A Liquidation Sparked Token Collapse?
10:00 Token Design and Bridging Explained
20:00 Buyback and Burn Plans Teased
30:00 Transparency, Investors, and Market Makers
40:00 What's Next for Mantra?