MANTRA Shows Signs of Recovery After Weathering One of Its Toughest Market Shocks

After weathering one of its toughest market shocks, MANTRA is showing signs of recovery. In an X post on Tuesday, John Patrick Mullin, the CEO and co-founder of MANTRA

After weathering one of its toughest market shocks, MANTRA is showing signs of recovery.

In an X post on Tuesday, John Patrick Mullin, the CEO and co-founder of MANTRA, thanked his partners, investors, friends, and the Web3 community for the robust support that the firm had received in 36 hours.

1) A quick note to say how much I appreciate all the support for the MANTRA team 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.

As market turbulence continues with mandatory liquidation procedures affecting major OM token holders and many traders facing financial losses following an important event on an exchange platform. Mullin stated that MANTRA is forging ahead, aiming at its current and future targets.

Moreover, he noted that the company had traversed several market cycles and planned to maintain its growth trajectory in every economic condition.

“We remain committed to open and direct communication as we move forward. We will keep the community informed with accurate and timely updates on the situation. Official updates will reach the community through validated channels. Please be cautious and avoid believing unverified information.”

The company will create both OM token buyback procedures and supply reduction programs, rebuilding user trust while establishing sustainable expansion for the token and the whole MANTRA initiative.

“The team’s accomplishments over the past few days are a testament to our strength in unity.”

According to Mullin, the company remains committed to clear and direct communication in its forward direction.

Further, Mullin stated that his company would disclose accurate and timely information regarding the situation to the community without delay. The official updates will reach the community through validated channels. Mullin also requested users to be cautious and not to believe unverifiable information.

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