So this is a GIF showing the price and 24H traded volume of Mantra.

I’m aware of the rumors the team dumped OTC but I’m skeptical about that being the cause of this for a few reasons:

1. The 24H traded volume was relatively consistent past the start of the dump (obviously once the coin falls off a cliff, natural market activity will pick up). Even now at this moment though, the 24H traded volume is still only 4X what it was before the start of the dump.

2. It’s hard to imagine the team could’ve been shopping around for a buyer of the project’s entire locked supply (damn near) without setting off some crazy alarm bells well in advance of the deal being executed.

3. Let’s assume an OTC deal were executed…the project had solid liquidity with solid trading volume on exchanges. Why dump it all the way down to $0? There are dozens of major projects (*cough* Ripple *cough*) that have been slow dumping on their holders for YEARS.