Switzerland-based trading company Laser Digital, which is part of the Nomura group, has denied any commitment to the mantra-token flash crash, which then loses loss of 90% of its value.
“Requirements circulating on social media connecting laser to ‘Investor Sales’ are actually wrong and misleading,” the company wrote at X.
Laser Digital continued to share its controlled mantra design book addresses, none of which show a deposit for the exchange or sale of activity.
Speculation remains rich about why about collapsing so violently. The Mantra team insists that it was due to a wider market pressure and centralized exchanges with power closure of positions, which led to a liquidation cascade.
OKX stated that price volatility arose due to an increase in trade volume combined with a first price drop across different exchanges out of OKX before spreading to the wider market.
Before the crash, 17 wallets deposited DKK 43.6 million. About ($ 227 million
About trades at the moment of $ 0.57, dropped 90% from today’s height of $ 6.14, as trading volume has risen by 3,425% to $ 2.6 billion, according to CoinMarketcap.
