brypto

can someone give us the TLDR on Mantra?

cc @fourvork @palomasupremacy help

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

I just came from Sauna session but here is what I read:

- APPARENTLY team dumped 90% of circulated supply and deleted the telegram
- it was heavily manipulated token via MMs and team had most of the supply control, had many other red flags as well
- had one of the most aggressive unlock schedules with $719.52M (69.84%) unlocking in 6 months from march and $1.68B (163.41%) in a year
- Unlocks of 7m token on April 18 and 6,9m on April 23, big unlocks in may
- CEO recently unstaked 7m tokens
- also 3 days ago ppl saw big sell orders on otc
- ZachXBT says it's hard to investigate since there are no proper tools for IBC onchain analytics lmao fair

Might update more, or just go to sleep haha