April 16, 2025
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Nomura’s Laser Digital Denies Involvement in Mantra Crash

The Token Remains 90% Down Over The Past 24 Hours.”, – WRITE: www.coindesk.com

Nomura’s Laser Digital Denies Involvement in Mantra CrashThe Token Remains 90% Down Over The Past 24 Hours. APR 14, 2025, 4:04 pm

Switzerland-Based Trading Firm Laser Digital, Which Is Part of the Nomura Group, Has Denied Any Involvement in the Mantra Token Flash Crash that saw om lose lose.

“Assertions Circulating on Social Media that Link Laser to ‘Investor Selling’ Are Factorruct and Misleading,” The Firm Wrote on X.

Laser Digital Went On to Share Its Controlled Mantra Wallet Addresses, None of Wich Show Deposits to Exchanges or Selling Activity.

SPECULATION REMAINS RIFE OVER WHY OM COLLAPSED SO Violently. The Mantra Team Insist It Wider Market Pressures and Centralized Exchanges Forcibly Closing Positions, Which Led To A Liquidation Cascade.

Okx Stated that the Price Valativity Occurred Due to A Spike in Trading Volume Coupled With An Initial Price Decline Across Various Excchanges Out Side of Okx, Before Spring.

Before The Crash, 17 Wallets Deposited 43.6M OM ($ 227M) to Exchanges, This Led To A Panicked ResPONSE FROM HOLDERS AS The Mantra Team Holds 90% Of The Token’s Circles

OM is Currently Trading AT $ 0.57, Down 90% from The Day’s High of $ 6.14 As Trading Volume Has Increated by 3.425% to $ 2.6 Billion, Accounting To CoinmarketCap.

Oliver KnightOliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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