”90% crash” mantra, total deposit assets surge six-fold in two days, ”unusual phenomenon”

The total depository assets (TVL) of Mantra (OM), whose price recently crashed by more than 90%, has surged more than six-fold in two days. When the price crashed, some investors saw it as an opportunity to buy at low prices and
On that day, Mantra's TVL increased by more than six times from two days ago to about $3.24 million (about 460 million yen). Two days ago, Mantra's price had risen sharply for a short period of time.
Considering the drop in its stock price, this is considered unusual. MantraCoin's stock price fell by 92% in just three hours on the 13th (local time). Its market capitalization has fallen to $5 billion (approximately 711 billion yen).
The increase in TVL means that investors are holding large amounts of crypto assets on the blockchain for staking (cryptocurrency deposits), lending, and participation in governance.
The cryptocurrency media Cointelegraph reported that "the sharp rise in TVL during the price decline means that some investors saw the crash as an opportunity to buy at the bottom."
Analyst DOM analyzed, "We discovered purchases worth $35 million (approximately 5 billion yen) when Mantra's price plummeted."
The explanation is that strategic investment activities took place in the market at the same time as the prices fell.
The majority of the increase in TVL was made on Mantra’s proprietary decentralized exchange (DEX), MantraSwap.