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