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-co-founder-jp-mullin-explains-90-om-token-collapse SUBSCRIBE TO OUR FREE NEWSLETTER: https://coinage.substack.com/ STAKE WITH US: https://daic.capital/?utm_source=coinage&utm_medium=website&partner=b4cnuqzdt6 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?