The recent 90% drop in Mantra’s token value ($OM), has sparked widespread concern within the crypto market. Following these dramatic price fluctuations, OKX CEO Star Xu has called for a thorough investigation into the circumstances surrounding this sudden crash. This comes after on-chain data revealed that a significant number of large wallets deposited massive amounts of $OM tokens before the sharp price plunge. These transfers involved over $227 million, with some connected to Laser Digital, a strategic investor in Mantra. 87.55% decrease is what the token is currently down from it’s all-time high of $4.50. The sudden crash has led to skepticism about the legitimacy of the project and raised concerns about potential rug pulls. Mantra CEO JP Mullin refuted such claims, asserting that his team hasn’t moved their tokens and are committed to transparency.