djrces 🕉ⓧ

@jp_mullin888 Sorry for all individuals that will have to change path, best wishes in their new career. Life is about adapting to circumstances and learning from challenges that come our way. Thanks @jp_mullin888 for your transparency and empathy, this must be your most difficult decision. 🕉️

Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA. After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of talented colleagues. This was an incredibly challenging decision and something I’ve personally been grappling with for some time. I’ve truly tried everything in my power to avoid coming to this conclusion. As part of this strategic shift for MANTRA in 2026, we aim to be leaner overall, streamlining operations, focusing our resources, and committing to disciplined execution. I take full accountability for these decisions and for the path that led us here. I know this is an incredibly challenging situation, particularly for those directly impacted, for their families, and for everyone at MANTRA. I’m especially sorry to those leaving us. How did we get here? Throughout 2024 and the first quarter of 2025, we invested ambitiously to scale MANTRA amid a rapidly evolving industry, building strong foundations in RWA tokenization, our chain, and ecosystem growth. This put us in a market-leading position as the leading RWA L1. The incredibly unfortunate and frankly unfair events of April 2025, the prolonged market downturn, increased competition, and shifting market dynamics have made our cost structure unsustainable relative to our near-term realities. To thrive in this environment and take back our market-leading position, we must become more capital-efficient and laser-focused. We’ve already taken steps to cut non-essential spending, optimize processes, and redirect efforts toward our highest-priority initiatives. But these alone aren’t enough to align our runway and operations with the focused path ahead. That’s why we’ve made the hard call to reduce headcount. How will this work? There’s no easy way to handle a restructuring like this, but we’re committed to handling it with care, transparency, and speed. This decision impacts teams across the organization, with some functions, such as business development, marketing, HR, and other support roles, affected more than others. This is not a reflection of the exceptional work these individuals have done; it’s about what we need to prioritize for focused execution in 2026. The people leaving MANTRA are talented and dedicated, and they have contributed immensely to our progress. They’ve helped shape what MANTRA is today, and I’m deeply grateful to have worked by their side. I/MANTRA would highly recommend any of them to the market. If you’re hiring in business development, marketing, HR, or support functions, please reach out. They’d be incredible additions to any team. How do we move forward? This is a sad moment. To those departing: thank you again for your hard work, passion, and contributions. You’ve advanced our mission in meaningful ways, and I have no doubt you’ll go on to do great things. I pledge to continue to be a resource, reference, and, hopefully, a friend in the future. To those staying: I know this is painful, too. Saying goodbye to friends and colleagues is never easy. You are likely feeling uncertain and fearful amid the change. We’re making these tough choices precisely to strengthen MANTRA’s future. We want to be lean, ship relentlessly, push towards a profitable and sustainable future, and deliver real RWA innovation in 2026 and beyond. I deeply believe in what we’re building. I believe in the potential of MANTRA Chain, our RWA ecosystem, and the role we’ll play in the next phase of crypto adoption. With laser focus and disciplined execution, we’ll emerge stronger, more resilient, and better positioned for success. We’ll share more on our streamlined priorities and operating rhythm in the coming weeks. For now, I want to reiterate my gratitude to everyone who’s helped get us this far. JNF. John Patrick Mullin

@jp_mullin888 Huh? What did I miss? 😴

Game on. 🫡🕉️

@GibCryptoNews @jp_mullin888 @comput3ai ITT = ?

@CyrilCrypto1 @jp_mullin888 Check out the previous ITT with @comput3ai it is right up your street (AI)...

It honestly astounds me why so many competing crypto projects get so sensitive around fundraising announcements. On one hand, it show immense insecurity. On another hand it should only motivate you as a founder even more. Do you care about raising more money or winning? 🤨🧐

@jp_mullin888 @GibCryptoNews Looking forward to that 🙌🤩🕉️

@GibCryptoNews Let’s make it happen ser! Appreciate your support. DM me. 🫡🫡

@MaxRemingtonOM @MANTRA_Chain Great to have you part of this amazing @MANTRA_Chain team! Sherpas rooting for you all 🫡🕉️

Why did I join @MANTRA_Chain ? My journey began 7 years ago... I was grinding as a recruitment specialist at a top financial services agency when the 2017 crypto bull market hit. It ignited my passion and I carved out a niche. Next stop TOKEN2049 Hong Kong 2018. There I met @jp_mullin888 and his future co-founders. Long before MANTRA was born. And I could tell these guys meant business. I stayed close and watched from afar. In 2021 they needed a Head of Talent. I jumped at the chance and was invited in for an interview. This was not your typical interview. It was a panel. JP, his team and I sat down to talk the market, strategy, product and vision. The chemistry was there. But for an early stage start-up they required a seasoned operator. I'd find you the best but they needed a functional setup from within. And it was the right call. Fast forward 4 years; I continued to hone my craft at an executive search firm, while monitoring MANTRA's growth, and I thought now I’m more than ready. Sent @deanjameslife a message and the rest was history. So on paper I have been at MANTRA for 7 months but in reality... my part to play on this RWA mission has been an inevitability. And for me, the crash was a blessing. I’ve experienced the team’s ability to navigate a crisis. When times are tough you see people's true grit. So why did I join MANTRA? Because I’ve seen first hand the journey, the evolution, the quality of talent, and the dedication to this vision. We WILL bring the world's financial ecosystem onchain. Get onboard. JNF 🕉️🫡

@jp_mullin888 Don’t say a word more. 🤣 let us accumulate more $OM. @MANTRA_Chain

🫡🔏

@jp_mullin888 🫡🚀

@maplefinance Where can we see these loans tokens on-chain?

@jp_mullin888 @cryptomanran Hats up for the @MANTRA_Chain team and you especially for the way you’ve navigated these troubled waters. Keep building despite all the noise and $OM token price will look after itself 🫡🕉️

@cryptomanran As long as I’m breathing, the team and I will never give up.🫡🕉️

I'm not going to comment on MANTRA and whether it is under or over-valued, but we need to give credit to a team that just keeps grinding after what they have been through. Many would have just given up.....

@GibCryptoNews @Coredao_Org @maplefinance @syrupsid @syrupfi A great pickup from the warehouse with amazing organic growth and still so much more potential. 🚀🚀

🥞Maple Finance $SYRUP 🔥 🧠The token is on fire, the team are on fire. Communities are built in the bad times and eat the fruits of their labour in the good times. Numbers don't lie. ✅ $1.6bn TVL ✅ $BTC 5% yield with @Coredao_Org ✅ est. $1m revenue in May Send. It. Higher.

@GibCryptoNews @MANTRA_Chain @jp_mullin888 Back to building the future of RWA, $OM token price will look after itself 🫡🕉️

The storm has passed. @MANTRA_Chain and @jp_mullin888 will see sunnier days.

@jp_mullin888 @OnchainOMies @binance @MANTRA_Chain That’s great news! We were all eagerly waiting for native $OM to be accepted on @binance . Great achievement from @MANTRA_Chain . Now back to building the future of RWA, the token price will look after itself 🫡🕉️

A little over 4 years ago $OM got listed on @binance and today I woke up to our mainnet being integrated. It’s been a challenging month, but this is a testament to the resilience of our network, or community, our team, and our partners. 🕉️wards & upwards. Les F. Gohhh 🫡🕉️

@jp_mullin888 Please take the time you need. Better get it right than do it fast. Fundamentals have not changed, team has responded and keeps building. $OM price will take care of itself. All @MANTRA_Chain token holders need to keep eyes on the endgame rather than short time volatility.

The burn program details are in the final stages, and will be shared in the near future. Buyback program also well underway. We are working around the clock for the Sherpas/OMies. 🫡🕉️

@jp_mullin888 @hosseeb You will not find a more honest, hardworking, approachable and true to his word leader in this space. Please let him have his say!

@hosseeb Hey man, I’m the original founder of MANTRA, and continue to be so 5 years later… I’ve never sold out and the team never changed. I’d love to set the record straight here. @hosseeb

$OM was a top 25 token. It dropped 90% in 90 minutes. Turns out: liquidity illusions are easy to build, and the unwind is a doozy. How do we stop the next one? Here's my proposal for public market-making disclosures ⤵️ (Also preview my morning routine as a newly minted KOL)

@cryptofundst Couldn't agree more. Let's see if @binance and @okx cooperate... if they tell us what happened and who triggered this. They have a some explaining to do.

Let’s talk about exchanges. Not just OM. Not just this crash. The system. The $OM event didn’t just expose a token’s volatility, it exposed how dangerously fragile the entire trading infrastructure can be when exchanges dominate, liquidity is thin, and transparency is optional. Let’s be clear: This isn’t about Mantra. It’s about the structural risks that come from a trading system designed to move fast, but not hold up under pressure. What did we see? •A cascade triggered on Binance perps •Arbitrage bots chasing spreads across exchanges, amplifying moves •Sell walls pinning price on OKX, blocking natural recovery •Slippage, mispricing, and liquidation spirals, all playing out faster than any retail or team could react Arbitrage is often framed as a stabilizing force. But in moments like this? It becomes the accelerant. When one exchange sees an aggressive move, bots rush to profit from mispricing. That rush drains liquidity everywhere else, triggering more volatility, more liquidations, more fear. And the worst part? There’s no circuit breaker. No shared liquidity logic. No accountability. So while we scrutinize teams, tokenomics, and roadmaps (as we should), the real power brokers, the exchanges and their hidden mechanics, remain largely untouched. That needs to change! If crypto is to mature: •We need auditable exchange behavior •We need shared emergency protocols •We need clear reporting of liquidation flows and abnormal trading activity •And yes, a regulatory framework that protects innovation but enforces responsibility Because you can’t build the future of finance on invisible hands and broken mirrors. This post is a reminder: The next collapse won’t be about a token. It’ll be about a system that refuses to evolve. We’re here to push for that evolution. Block by block. Truth by truth. #CryptoFundamentalist #Transparency #Exchanges #OnChainTruth #StructuralRisk #ArbitrageCollapse

@zachxbt @Cointelegraph Were these 2 persons behind what @traderview2 found in his very detailed analysis here?

The two names I keep hearing tied to the Mantra incident are Denko (Reef Finance founder) and Fukogoryushu as they had allegedly been reaching out to a number of people asking for massive loans against their OM in the days leading up to the -90% crash. For those unfamiliar REEF had similar market manipulation incidents in the past before a Binance delisting in Oct 2024 and $80M OTC deal with Alameda in 2021.

@aprajitanefes @grok is that true, someone tell me the anta video is sped up

Ants are masters of cooperation and collective intelligence. Despite being tiny, they build massive colonies, manage complex tasks, and adapt to challenges — all without a leader. Every ant knows its role and contributes selflessly, showing us the power of unity, communication

@jp_mullin888 Wow, that’s what I call commitment and belief, how many vested team tokens are yours?

The teams token allocation are actually vesting only starting in 2027, which is 30 months from mainnet launch (Oct. 24). I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back. 🫡🕉️

@jp_mullin888 It's not during the good times, but in moments of adversity, that we truly discover what people are made of. The past couple of days have been incredibly difficult for the entire $OM community, and you've conducted yourself in an exemplary manner. Much love, we've got your back💙

1) A quick note to say how much I appreciate all the support the MANTRA team has received in the past 36+ hours. The support and kind words have come from many sources - from partners, investors, friends, and from the wider Web3 community. Thank you.

@traderview2 Thanks for this analysis. I don't quite get it though, how can the Perp market influence the price of spot market so much if there is still spot buying? And why, once the dust settles would the spot price not rebound as hard?

After playing with the $OM trade data for hours, there is one thing that is very odd The spot market never saw any aggressive panic. They did the opposite when combining data from OKX, Bybit and Binance There was over 35M USD of $OM purchased within the 2 hour window of the -90% dump See below ⬇️ OKX saw the most aggressive buying, which triggered right when $5 was lost First plot: Price of $OM Second plot: CVD from each exchange laid over Third plot: Aggregated Volume delta (if its green, more market buys than sells and vice versa) We can see aggressive buying some Bybit and OKX and very moderate selling at first from Binance, which then turned into buying So the question is, why was there no spot panic? The combined spot markets actually were buying MILLIONS of dollars of $OM as this collapse was happening It's insane that the perp market alone can destroy a coin -90% in 2 hours, all the while the spot market was buying Comment and repost if you enjoyed reading 🤝