咒語生態系統（OM）的本地令牌經歷了災難性的價格崩潰

咒語生態系統（OM）的本地代幣經歷了災難性的價格崩潰，僅在24小時內下降了90％以上。

The native token of the Mantra ecosystem (OM) has experienced a catastrophic price collapse, dropping over 90% in just 24 hours.

咒語生態系統（OM）的本地代幣經歷了災難性的價格崩潰，僅在24小時內下降了90％以上。

In response to the crash, Mantra founder JP Mullin has issued a statement attributing the price action to “reckless forced closures initiated by centralized exchanges on OM account holders” rather than any fundamental issues with the project or token sales from the team or investors.

為了應對墜機事件，Mantra創始人JP Mullin發表了一份聲明，將價格訴訟歸因於“集中式交易所在OM帳戶持有人上發起的魯ck強迫關閉”，而不是該項目或團隊或投資者的標誌銷售的任何基本問題。

The price collapse has wiped out most of OM’s recent gains, with the token now trading at $0.4565 over the past 24 hours.

價格崩潰已經消除了OM最近收益的大部分收益，在過去的24小時內，該代幣現在的交易價格為0.4565美元。

Mantra’s Explanation of the OM Token Collapse

咒語對OM令牌崩潰的解釋

Mantra founder JP Mullin has identified what he describes as exchange-initiated liquidations as the primary cause of OM’s price crash.

Mantra創始人JP Mullin已將他所描述的交換式清算確定為OM價格崩潰的主要原因。

The timing and severity of the collapse suggest that there may have been negligence or possibly intentional market manipulation by centralized exchanges.

崩潰的時間和嚴重程度表明，集中交易所可能存在疏忽或可能是故意的市場操縱。

“We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders,” Mullin stated in a part of his statement.

穆林在聲明的一部分中說：“我們已經確定，OM市場的變動是由OM帳戶持有人的集中交易所發起的魯ck封閉而觸發的。”

“The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice.”

“墜機的時機和深度表明，在沒有足夠的警告或通知的情況下開始了非常突然的帳戶頭寸關閉。”

Mullin explained that the collapse occurred during “low-liquidity hours on a Sunday evening UTC (early morning Asia time).”

穆林解釋說，崩潰發生在“週日晚上UTC（亞洲清晨）的低流動性時間”中發生。

This is a period when trading volumes are typically lower and price impacts from large orders can be larger.

這是一個時期的交易量通常較低，並且大訂單的價格影響可能更大。

This timing choice, according to the Mantra founder, “points to a degree of negligence at best, or possibly intentional market positioning taken by centralized exchanges.”

根據咒語創始人的說法，這種時機選擇“充其量是一定程度的疏忽，或者可能是集中交易所採取的故意市場定位。”

The statement explicitly denied any involvement from the Mantra team or its investors in the sell-off: “To be clear, this dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA’s investors selling tokens. Tokens remain locked and subject to the published vesting periods.”

該聲明明確否認了咒語團隊或其投資者參與拋售的任何參與：“要明確，這種錯位不是由團隊，咒語鏈協會，其核心顧問或咒語的投資者出售代幣的人造成的。

Mullin also noted that OM’s tokenomics remain intact despite the price collapse, as reported by the project in its recently published token report.

Mullin還指出，儘管該項目在最近發布的令牌報告中報導，儘管價格跌幅降低，但OM的令牌學仍然完好無損。

He further highlighted the transparency of the project, stating that “our token wallet addresses are online and visible.”

他進一步強調了該項目的透明度，並指出：“我們的代幣軟件地址是在線和可見的。”

Binance Response and Risk Control Measures

唯一響應和風險控制措施

Binance, one of the major exchanges where OM is traded, has issued an official statement through its Customer Support account on X regarding the token’s price volatility.

Binance是OM被交易的主要交易所之一，已通過其X上的客戶支持帳戶發布了有關令牌價格波動的官方聲明。

According to Binance, their “initial findings indicate that the developments over the past day are a result of cross-exchange liquidations.”

根據Binance的說法，他們的“最初發現表明過去一天的發展是交叉交換清算的結果。”

The exchange also revealed that it had been implementing risk management measures for the OM token since October of last year.

該交易所還顯示，自去年10月以來，它一直在實施OM令牌的風險管理措施。

“Since October of last year, Binance has implemented various risk control measures including reducing the leverage levels, with regard to the $OM token in order to mitigate the potential impact on the asset.”

“自去年10月以來，Binance實施了各種風險控制措施，包括降低杠桿水平，以減輕對資產的潛在影響。”

Binance also disclosed that it had been warning users about potential risks associated with the OM token since January 2025.

Binance還透露，自2025年1月以來，它一直警告用戶與OM令牌相關的潛在風險。

The exchange explained,

交流解釋說，

“Binance has also issued a pop-up warning for $OM on its spot trading page to inform users that the token has undergone significant changes to its tokenomics increasing its supply.”

“ Binance還在其現貨交易頁面上發布了$ OM的彈出警告，以告知用戶令牌對其令牌學的大幅變化，以增加其供應。”

The founder of Mantra subsequently posted a more accommodative response to Binance’s announcement. Despite the charges of exchange carelessness in Mullin’s statement.

咒語的創始人隨後對Binance的公告提出了更加溫和的回應。儘管在穆林的聲明中提出了交換粗心大意的指控。

“We’ve been in touch with the Binance team, and they have been highly communicative, helpful, and supportive. We want to thank Binance and their team for the way they’ve handled this tough situation,” Mullin wrote.

穆林寫道：“我們一直與Binance團隊保持聯繫，他們一直很溝通，樂於助人和支持。我們要感謝Binance及其團隊處理這種艱難的情況。”

Market Context and Project Background

市場背景和項目背景

The OM token price collapse comes after a period of strong gains for the Mantra project. The token reached an all-time high of $8.99 just two months ago in February.

OM代幣的價格崩潰是在咒語項目的強勁收益之後。僅兩個月前2月，該代幣達到了8.99美元的歷史最高點。

In his statement, Mullin positioned Mantra as a resilient project that has persisted through difficult market conditions.

穆林在他的聲明中將咒語定位為一個有彈性的項目，在艱難的市場條件下一直存在。

“MANTRA is a project that has survived and operated throughout multiple market cycles. When others stopped building, we kept going. This is no exception,” he stated, framing the current crisis as another challenge the team will overcome.

他說：“咒語是一個在多個市場週期中倖存下來的項目。當其他人停止建造時，我們一直在進行。這也不例外。”

The founder also highlighted recent achievements to reinforce investor confidence.

創始人還強調了最近的成就，以增強投資者的信心。

He mentioned that Mantra had become “the first DeFi protocol licensed by Dubai’s VARA. He also referred to “integrations and initiatives that will broaden and strengthen our ecosystem.”

他提到咒語已成為“由迪拜的Vara許可的第一個Defi協議。他還提到了“將擴大和增強我們的生態系統的集成和計劃”。

These points appear intended to shift focus from the immediate price crisis to the project’s longer-term development.

這些要點似乎是為了將重點從直接的價格危機轉變​​為項目的長期發展。