In this GM Podcast episode, Genzio Founder and CEO, Zack Nelson (@DogecoinZack), chats with John Patrick Mullin (@jp_mullin888), Co-Founder & CEO of @MANTRA_Chain, to dive into the recent events surrounding Mantra, the impact of the OM token crash, and the allegations of price manipulation and insider control.
02:08 - How Did the Crash Happen?
07:47 - Addressing Circulating Supply Misconceptions
12:10 - Response to Thin Liquidity Claims
17:10 - What Caused the Liquidations?
18:59 - Ensuring Fairness in Airdrop Distribution
22:40 - Verifying Organic Userbase Growth
26:52 - Loan vs Retainer Model
30:18 - Incentives for the Loan Model
31:05 - Is There an Underlying Mutual Goal for Market Makers?
32:27 - Was a Market Maker Responsible?
32:44 - Laser Digitalโs Role
35:58 - Sustainability of Reinjection Model
38:24 - Concerns About Buybacks and Potential Leverage from OTC Deals
39:37 - When Can Investors Sell?
42:45 - Reconciling the Narrative vs Fundamentals with Great User Activity
45:19 - Plan to Add Real Dollars to Treasury
48:39 - Buyback Duration and Impact
50:31 - Identity of the Big OTC Seller
52:29 - Why the OTC Sellers Moved Quickly
54:36 - Origin of the Claims
56:20 - Who Is to Blame?
Watch the full episode below!
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