咒語的OM代幣一夜之間倒塌了90％​​以上，加密貨幣世界無法就為什麼達成共識

Mantra的OM令牌在一夜之間崩潰了90％以上，加密貨幣世界無法就原因達成共識。 4月13日，OM的價格從6美元以上跌至低於0.50美元

The crypto world woke up on April 13 to a sight that sent shivers down the spines of even the most jaded traders. Mantra’s OM token had plummeted by more than 90% overnight.

加密貨幣世界於4月13日醒來，這一景象使即使是最疲憊的商人的刺都發抖。一夜之間，Mantra的OM令牌暴跌了90％以上。

The token, which was trading at over $6 in the early hours of the day, fell to as low as $0.52 by 15:00:00 (ET). In the process, it wiped out over $5 billion in market cap and triggered widespread panic across the industry.

在一天中凌晨的交易價格超過6美元，到15:00:00（ET）的價格低至0.52美元。在此過程中，它消除了超過50億美元的市值，並引起了整個行業的廣泛恐慌。

The sudden crash drew comparisons to Terra’s LUNA implosion as traders scrambled for answers. Unverified rumors of insider dumping, forced liquidations, mislabeled wallets and exchange manipulation quickly spread.

當交易者爭先恐後地尋求答案時，突然的崩潰與Terra的Luna內爆比較。關於內部傾銷，被迫清算，標籤的錢包和交換操縱的未驗證的謠言迅速傳播。

However, Mantra insists it was caught in the middle of events that remain under investigation.

但是，咒語堅持認為這被捕獲在仍在調查中的事件中間。

Its story began in February 2025, when the OM token hit an all-time high of nearly $9 on the Stellar blockchain. Backed by a $1-billion deal to tokenize Damac Group’s real estate and data centers in Dubai, Mantra had built a strong position in the real-world asset tokenization narrative heading into April 13.

它的故事始於2025年2月，當時OM令牌在恆星區塊鏈上達到了近9美元的歷史最高點。在一筆1億美元的交易的支持下，曼特拉（Mantra）在迪拜（Dubai）的房地產和數據中心（Damac Group）的房地產和數據中心（Mantra）的支持下，在前往4月13日的現實世界資產代幣化敘述中建立了強大的地位。

Securing a Virtual Assets Regulatory Authority (VARA) license in Dubai and launching a $108-million ecosystem fund with support from Laser Digital, Shorooq, Amber Group and Brevan Howard Digital, Mantra was a rising star in the industry.

在Laser Digital，Shorooq，Amber Group和Brevan Howard Digital的支持下，在迪拜獲得虛擬資產監管機構（VARA）許可證，並啟動了1.08億美元的生態系統基金，Mantra是該行業的新星。

But on April 13, that momentum was violently interrupted.

但是在4月13日，這種勢頭被猛烈打斷。

24 hours of the Mantra OM fiasco

24小時的咒語慘敗

April 13 (16:00–18:00 UTC)

4月13日（16：00–18：00 UTC）

Mantra’s OM token was trading sideways throughout the day. It dropped from $6.14 to $5.52 during this two-hour window.

Mantra的OM令牌全天都在側面交易。在這個兩個小時的窗口中，它從$ 6.14跌至5.52美元。

April 13 (18:00–20:00 UTC)

4月13日（18：00–20：00 UTC）

The token suddenly fell to $1.38 in the first hour, then to as low as $0.52 in the next — losing over 90% of its value in a single day. Social media erupted with theories, including a rug pull, insider dumping, forced liquidation or exchange manipulation.

代幣在第一個小時突然下跌至1.38美元，然後在下一個小時低至0.52美元，一日損失了其價值的90％以上。社交媒體隨著理論爆發，包括拉力拉力，內部傾銷，強迫清算或交換操縱。

April 13 (20:00–22:00 UTC)

4月13日（20：00–22：00 UTC）

Early speculation surrounded a rug pull, sparked by a screenshot of a deleted Telegram channel. This was later debunked, as the deleted group was not Matra’s official channel. Cointelegraph can confirm that the project’s Telegram is active at the time of writing.

早期的猜測圍繞著地毯拉，並在刪除的電報頻道的屏幕截圖中引發。後來被揭穿了，因為被刪除的小組不是Matra的官方頻道。 Cointelegraph可以確認在撰寫本文時，項目的電報活躍。

Mantra shared its first statement on X, but the brief update was met with immediate backlash from the community.

Mantra在X上分享了其第一個聲明，但簡短的更新得到了社區的立即反彈。

April 13 (22:00–00:00 UTC)

4月13日（22：00–00：00 UTC）

In the days leading up to the crash, at least 17 wallets had deposited a total of 43.6 million OM (worth $227 million) into Binance and OKX, according to blockchain tracker Lookonchain.

根據區塊鏈Tracker Lookonchain的說法，在墜機事故發生前的幾天中，至少有17個錢包存入了4,360萬OM（價值2.27億美元）和OKX。

Two of these wallets were labeled by blockchain data platform Arkham Intelligence as belonging to Laser Digital, a strategic Mantra investor. The label triggered further speculation and allegations against Laser Digital. At the time of writing, the accuracy of Arkham’s labels has not been confirmed, and the platform has not responded to Cointelegraph’s request to clarify.

這些錢包中的兩個由區塊鏈數據平台Arkham Intelligence標記為屬於戰略咒語投資者Laser Digital。該標籤引發了針對激光數字的進一步猜測和指控。在撰寫本文時，尚未確認Arkham標籤的準確性，該平台尚未回應Cointelegraph的澄清請求。

Meanwhile, Mullin replied to community questions under his X post, suggesting internal findings pointed to one exchange as the main cause of the collapse while stating that it was not Binance.

同時，穆林在他的X帖子下回答了社區問題，表明內部發現指出一種交流是崩潰的主要原因，同時表明這不是binance。

April 14 (00:00–02:00 UTC)

4月14日（00：00-02：00 UTC）

Both Binance and OKX responded to the situation. Binance said, “Binance is aware that $OM, the native token of MANTRA, has experienced significant price volatility. Our initial findings indicate that the developments over the past day are a result of cross-exchange liquidations.”

Binance和OKX都回應了這種情況。 Binance說：“ Binance意識到，Mantra的本地代幣$ OM經歷了大量的價格波動。我們的初步發現表明，過去一天的發展是交叉交換清算的結果。”

OKX CEO Star Xu posted on X, “It’s a big scandal to the whole crypto industry. All of the onchain unlock and deposit data is public, all major exchanges’ collateral and liquidation data can be investigated. OKX will make all of the reports ready!”

OKX CEO明星XU發佈在X上：“這是整個加密貨幣行業的大醜聞。所有OnChain Unlock和存款數據都是公開的，所有主要交易所的抵押品和清算數據都可以調查。OKX將準備好所有報告！”

OKX stated, “Following the incident, we have conducted investigations and identified major changes to the MANTRA token’s tokenomics model since Oct 24, based on both publicly available on-chain data and internal exchange data.

OKX表示：“事件發生後，我們已經進行了調查，並根據10月24日以來對咒語令牌的標記模型進行了重大更改，基於公開可用的鏈上數據和內部交換數據。

“Our investigation also uncovered that several on-chain addresses have been executing potentially coordinated large-scale deposits and withdrawals across various centralized exchanges since Mar 25.”

“我們的調查還發現，自3月25日以來，幾個鏈上的地址一直在執行潛在協調的大規模存款和撤離。”

April 14 (02:00–05:00 UTC)

4月14日（02：00-05：00 UTC）

Laser Digital denied ownership of the wallets tagged by Arkham and reported by Lookonchain, calling them mislabeled.

Laser Digital否認了由Arkham標記並由Lookonchain報告的錢包的所有權，稱它們被貼錯了標籤。

“We want to be absolutely clear: Laser has not deposited any OM tokens to OKX. The wallets being referenced are not Laser wallets,” the company said on X, sharing three token addresses to

該公司在X上說：“我們希望絕對清楚：激光尚未存入OKX的任何OM令牌。被引用的錢包不是激光錢包。”