Laser Digital, Nomura’s crypto arm, has denied any connection to the sudden drop in OM’s value. The token, created by the MANTRA blockchain project, lost more than 88% of its market value over the weekend. Rumors online claimed that a big investor sold many OM tokens , leading to panic and selloffs. Some reports said Laser Digital was involved, but the company has strongly denied this. Laser Digital Responds to Rumors In a recent X post , Laser Digital, a key investor in MANTRA’s Layer 1 blockchain project, responded to growing rumors. The company made it clear that it was not behind the crash. It was stated that the online assertions linking Laser to ‘investor selling’ are factually incorrect and misleading. These claims started when on-chain analytics showed that 17 wallets moved $227 million worth of OM tokens to different exchanges since April 7. Two of those wallets, including one marked “0xB37DBD,” were allegedly linked to Laser Digital. Laser Digital strongly denied owning any of the wallets tied to the large transactions, including the “0xB37DBD” in question. The firm explained that one of the transfers people referred to was not a selloff. However, it was used to return collateral after a loan agreement ended. This can be confirmed by checking the movement of tokens on the blockchain. Laser also confirmed that its main investment in OM is still locked and has not been sold or moved. OKX Finds Unusual Trading Activity Meanwhile, crypto exchange OKX took steps to address OM’s sudden volatility. The platform updated its risk settings and warned users about increased price swings. In a statement, OKX said it found changes in OM’s token structure since October 2024. It also saw suspicious trading patterns. Several wallets have made large deposits and withdrawals across different exchanges since March 2025. However, OKX did not mention who was behind the movements but confirmed the matter is still under investigation. OM Value Dropped Sharply The OM token’s market cap dropped from $5.9 billion to $697 million between April 13 and April 14, a loss of over $5.2 billion in less than a day. CoinGlass said $71 million worth of positions were liquidated during the crash. Many believe that a large investor sold huge amounts of OM on centralized exchanges, causing the price to fall quickly. MANTRA’s team and investors are working to stabilize the situation. Exchanges like OKX continue investigating what caused one of the biggest single-day crashes in OM’s history. The post Nomura’s Laser Digital Denies Role in OM Token Crash appeared first on TheCoinrise.com .
