Part 4/9:
The team and market makers did not sell any tokens.
The price crash could stem from negative market sentiment and leverage positions being liquidated by exchanges.
The Mantra team had no leverage positions themselves that contributed to the crash.
There were off-chain OTC deals aimed at raising funds, but these tokens were still locked.
While the team did use some funds from OTC deals to buy back tokens on the open market, JP insisted that this was intended to support the market, not manipulate it.
Despite his clarifications, the conversation took an interesting turn when he admitted that the buybacks could have a positive impact on price.