OM令牌墜機事故在昨天僅30分鐘內就損失了60億美元。

像倒塌的Terra Luna使投資者質疑是否計劃了所有這些。

The OM token crash saw $6 billion lost in value in just 30 minutes yesterday. The Terra Luna like collapse has left the investors questioning if all of this was planned.

OM令牌墜機事故在昨天僅30分鐘內就損失了60億美元。像倒塌的Terra Luna使投資者質疑是否計劃了所有這些。

There were plenty of warning signs that were ignored which led to this massive loss. Crypto Jargon takes a look at what exactly happened in the OM crash and if there is any chance to recover the lost funds. On April 13, 2025, at around 6:00 PM UTC, the price of OM, a token created by the Web3 project MANTRA, plummeted from $6.70 to $0.37 in a matter of an hour. The token lost a staggering 93% of its value in an hour, rendering huge losses to investors. On the other hand, some traders managed to make massive profits by shorting OM. But what exactly caused the crash?

有很多警告信號被忽略，這導致了這一巨大的損失。加密術術語看一下OM崩潰中到底發生了什麼以及是否有機會收回損失的資金。 2025年4月13日，在UTC下午6:00左右，OM的價格是由Web3 Project Mantra創建的代幣，在一個小時內從6.70美元下降到0.37美元。代幣在一個小時內失去了其價值驚人的93％，給投資者帶來了巨大的損失。另一方面，一些交易者通過縮短OM來賺取巨額利潤。但是是什麼原因導致了墜機事故？

At 2:00 PM UTC, OM co-founder Mullin announced on X that he had "no wifi" and would be "offline for a bit." Just four hours later, at 6:00 PM UTC, the price of OM crashed. Moreover, at 9:00 PM UTC, MANTRA’s Telegram Channel was mysteriously deleted.

在UTC下午2:00，OM聯合創始人Mullin在X上宣布他有“無wifi”，並且會“離線”。僅四個小時後，在UTC下午6:00，OM的價格崩潰了。此外，在UTC下午9:00，Mantra的Telegram頻道被神秘地刪除了。

A total of 3.9 million OM tokens were sent to OKX on April 12th, a day before the crash. According to Arkham, the liquidations began around 1:00 AM on April 13th and continued until 1:00 PM, triggering a chain reaction that ultimately led to OM’s collapse.

墜機發生前一天，4月12日，總共將390萬個OM令牌發送給OKX。根據阿卡姆（Arkham）的說法，清算開始於4月13日上午1:00左右，一直持續到下午1:00，引發了連鎖反應，最終導致OM崩潰。

According to reports, OM’s collapse was triggered by $66.97 million in forced liquidations over 12 hours, but the problems had been growing for months. Notably, the team controls about 90% of the OM supply, which gives them significant power to influence the price.

據報導，OM的崩潰是由6697萬美元的強迫清算觸發的12小時，但問題已經增長了幾個月。值得注意的是，團隊控制了OM供應的90％，這使他們有很大的影響力來影響價格。

However, investor trust was already low. Just a month ago, MANTRA’s OM airdrop blacklisted over 50% of wallets claiming that they were ‘bots’ without any evidence.

但是，投資者信託已經很低。就在一個月前，Mantra的OM Airdrop列入了50％以上的錢包，聲稱它們是“機器人”，沒有任何證據。

The terms for unlocking funds were also changed multiple times: first a 20% unlock, then 0.3% per day and finally 10% unlock with vesting period until 2027, leaving the investors disappointed.

解鎖基金的條款也發生了多次更改：首先是20％的解鎖，然後每天0.3％，最後10％在歸屬期間解鎖到2027年，使投資者感到失望。

The warning signs kept growing. Market makers were allegedly pumping up the token’s price. And the airdrops kept getting delayed raising concerns over price drop.

警告信號不斷增長。據稱，做市商正在提高令牌的價格。而且氣水不斷延遲提高對價格下跌的擔憂。

In the days before the crash, on-chain data showed that 17 wallets sold 43.6 million OM, worth around $227 million, to exchanges, which was 4.5% of the total supply.

在墜機事故發生的幾天裡，鏈上的數據顯示，17個錢包出售了4,360萬om，價值約2.27億美元的交易所，佔總供應量的4.5％。

Laser Digital denied any connection to OM token sales on OKX, claiming that they have not deposited tokens there. Shorooq Investors also denied selling OM tokens, blaming the crash on a large forced liquidation, as shown by on-chain data.

Laser Digital否認了與OKX上OM代幣銷售的任何联系，聲稱他們尚未存放令牌。 Shorooq投資者還否認出售OM令牌，將撞車事故歸咎於大型強迫清算，如鍊數據所示。

Mullin also denied Arkham’s data, saying that they didn't know who owned the wallets selling OM before the crash. He claimed the wallets were “mislabeled” and referenced a transparency report from April 8 with key wallet addresses.

穆林還否認了阿卡姆（Arkham）的數據，稱他們不知道誰在墜機前賣掉了OM的錢包。他聲稱這些錢包被“標記錯誤”，並提到了4月8日的透明報告，上面寫著關鍵的錢包地址。

Panic broke out in the market when the $3.9 million worth of OM appeared on OKX. Investors feared drop, selling pressure surged which was further aggravated by OTC deals where insiders sold tokens at a 50% discount to large investors who dumped them after crash. Short sellers profited as stop-losses triggered and borrowed positions were liquidated.

當OKX上出現價值390萬美元的OM時，Panic在市場上爆發了。投資者擔心下降，出售壓力激增，這進一步受到了OTC交易的加劇，在這些交易中，內部人士以50％的折扣出售給代幣的大型投資者，這些投資者在崩潰後傾倒了這些標記。賣出的賣空者是觸發停止損失和借來的職位的銷售。

Within 60 minutes, OM lost 93% of its value and over $5.5 billion in market cap was vanished. The community were quick to compared this to the LUNA crash.

在60分鐘內，OM損失了其價值的93％，超過55億美元的市值消失了。社區很快將其與Luna Crash進行了比較。

MANTRA’s Telegram channel was suddenly deleted, leaving behind a creepy last message: “LUNA 2.0”. With no updates and no accountability, the community was left in the dark.

Mantra的電報頻道突然被刪除，留下了令人毛骨悚然的最後一條消息：“ Luna 2.0”。沒有更新，也沒有問責制，社區被留在黑暗中。

The Mantra team claims that the collapse was caused by broader market pressures and centralized exchanges closing positions, triggering a chain reaction of liquidations.

咒語團隊聲稱，崩潰是由更大的市場壓力和集中式交流造成的，引發了清算的鏈條反應。

OKX added that the price drop started with a spike in trading volume and initial declines in price on exchanges other than OKX, before spreading to the entire market. On April 14, OKX announced that Mantra’s tokenomics had changed "significantly" since October 2024 and warned of "suspicious activity" across several exchanges.

OKX補充說，價格下跌始於交易量的高漲，並且在OKX以外的其他交易所價格下降，然後擴展到整個市場。 4月14日，OKX宣布，自2024年10月以來，Mantra的令牌學已經“發生了很大變化”，並警告了幾次交易所中的“可疑活動”。

Rumors of a rug pull also began circulating with traders fearing that developers might abandon the project.

關於地毯拉力的謠言也開始與交易者交流，擔心開發商可能會放棄該項目。

Market investor Gordon warned that it could be biggest rug pull since LUNA/FTX.

市場投資者戈登警告說，自Luna/ftx以來，它可能是最大的地毯。

However Mantra executives have maintained that they are cooperating fully with relevant authorities in response to the recent market events and providing all necessary information and documentation to any institutions or organizations conducting investigations.

但是，咒語高管堅持認為，他們正在與有關當局完全合作，以應對最近的市場事件，並向進行調查的任何機構或組織提供所有必要的信息和文件。

They have also cooperated with major exchanges to ensure smooth operation and efficient communication.

他們還與主要的交流合作，以確保平穩的運營和有效的溝通。