Mantra (OM) token recovery is the company's 'preeminent and primary concern', says CEO John Mullin

Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph

Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session with Cointelegraph on April 14.

Following the nearly 50% decline in the OM token over the past 24 hours, members of the Mantra community took to Telegram to voice their concerns over the rapid price drop and rumors circulating online.

The session began with an overview of the events that led to the sharp decline in the OM token, which saw a nearly 50% drop in a 24-hour period.

After a period of sustained growth throughout 2023, reaching a yearly high of $1.33 on March 14, the OM token went on a downward trajectory from the second week of March.

At the time of writing, OM traded at $0.73, slightly higher than its post-collapse low of $0.52 recorded on April 13 at around 7:30 pm UTC, according to data from CoinGecko.

At the time of writing, OM traded at $0.73, slightly higher than its post-collapse low of $0.52 recorded on April 13 at around 7:30 pm UTC, according to data from CoinGecko.

After a period of sustained growth throughout 2023, reaching a yearly high of $1.33 on March 14, the OM token went on a downward trajectory from the second week of March.

After a period of sustained growth throughout 2023, reaching a yearly high of $1.33 on March 14, the OM token went on a downward trajectory from the second week of March.