Part 3/7:
Given the substantial drop, many investors speculated that the crash could have been due to internal actions such as team liquidation or a coordinated sell-off. Mullen vehemently denied that the Mantra team engaged in any selling or manipulation. A transparency report published prior to the crash provided evidence showing that team tokens remained locked and had not moved.
However, the discussion then shifted towards the role of over-the-counter (OTC) sales. Mullen acknowledged that the organization had conducted between $25 to $30 million in OTC transactions to fund business operations, suggesting that these could indirectly impact market liquidity.