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On April 13, the unexpected happened: the MM token's price plummeted from around $6 to just 40 cents within a matter of hours—a drop exceeding 90%. Retail investors were left devastated, with some losing their entire life savings, sending shockwaves through the crypto community. Accusations flew, targeting exchanges like Binance and OKX for allegedly participating in dumping the MM token. Meanwhile, rumors of price manipulation and clandestine OTC deals began to circulate, compounding the chaos.
The CEO's Response
In response to the unfolding disaster, JP Mullen embarked on a public relations offensive, granting interviews—including one with YouTuber Coffeezilla, known for exposing scams. During these interviews, he revealed several points: