咒语刚刚遇到了一次崩溃的崩溃，这已经消除了其大部分价值。这是在崩溃期间的链链指标发生变化的方式。

在X上的一篇新帖子中，链接分析公司GlassNode讨论了过去一天曼特拉（Mantra）看到的突然价格下跌。

Mantra (MANTRA) has just gone through a crash that has seen it lose most of its value. Here’s how on-chain metrics have changed during this collapse.

咒语（咒语）刚刚遇到了一次崩溃，使它失去了大部分价值。这是在崩溃期间的链链指标发生变化的方式。

Mantra Has Seen A Reaction In Several On-Chain Indicators

咒语已经在几个链链指标中看到了反应

In a new post on X, on-chain analytics firm Glassnode has discussed about the sudden price plunge that Mantra saw in the past day.

在X上的一篇新帖子中，链分析公司GlassNode讨论了曼特拉在过去一天看到的突然价格下跌。

During this crash, the asset’s value went from above $6 to around $0.50 in the matter of a few hours. First, here is how the Exchange Inflow (that is, the total amount of MANTRA being transferred to centralized exchanges) changed along with this volatile move:

在此崩溃期间，资产的价值从几个小时内的$ 6上升到$ 0.50左右。首先，这是交换流入（即，被转移到集中式交流的咒语的总量）随着这种动荡的举动而发生变化的方式：

As displayed by the above graph, Mantra interestingly didn’t see any large spikes in the indicator in the leadup to the crash.

如上图所示，有趣的是，咒语在撞车事故的指示器中没有看到任何大的尖峰。

Investors use exchanges for selling-related purposes, so large deposits tend to appear before intense volatility.

投资者使用交易所用于销售目的，因此大量存款往往会出现在强烈的波动之前。

In MANTRA’s case, however, it seems there weren’t such inflows. Large deposits have still occurred in the past day, but they only came after the collapse was already over. These late inflows likely corresponded to reactionary moves from the investors.

但是，就咒语而言，似乎没有这样的流入。在过去的一天中，仍然发生了大量的存款，但仅在崩溃已经结束之后才出现。这些晚期流入可能对应于投资者的反动行动。

The opposite indicator, the Exchange Outflow, also saw spikes following the price plummet, as the below chart shows.

如下图所示，相反的指示器（交换流出）也看到了峰值的峰值。

While the largest withdrawals only came after the crash was over, there were some significant outflows also made before the low was reached. “This could reflect withdrawals post-liquidation, opportunistic buys followed by self-custody, or exchanges reducing exposure,” the analytics firm explains.

虽然最大的撤回仅在坠机结束后是出现的，但在达到低点之前也有一些大量的外流。分析公司解释说：“这可能反映了运行后的戒断，机会主义的购买，然后是自我顾客或减少曝光率的交换。”

One metric that did register a change ahead of time was the percentage of the Mantra supply held by the top 1% addresses.

提前登记更改的一个指标是前1％地址持有的咒语供应的百分比。

The top 1% addresses reduced their supply share from 96.4% to 95.6% before the MANTRA collapse took place. “While not the largest drop in recent months, it’s notable,” notes Glassnode.

最高的1％的地址将其供应份额从96.4％降低到咒语崩溃之前的95.6％。 GlassNode指出：“虽然不是最近几个月最大的下降，但它是值得注意的。”

Another indicator that showcases the market panic is the Number of Transfers, which observed a huge spike as MANTRA went through its volatility.

展示市场恐慌的另一个指标是转移的数量，随着咒语经历了其波动性，它观察到了巨大的尖峰。

The Number of Transfers peaked at around 1,400 inside a 10-minute window. Given the scale involved, it’s likely that a large amount of traders were responsible for these moves.

传输的数量在10分钟的窗口内达到1,400左右。鉴于所涉及的规模，大量交易者可能负责这些举动。

And indeed, the trend in the Active Addresses, a metric keeping track of the number of addresses becoming involved in transactions on the chain, would confirm this.

实际上，主动地址的趋势是一种指标，跟踪链条交易的地址数量，将证实这一点。

From the chart, it’s apparent that the Active Addresses mimicked the trend in the Number of Transfers very closely, so the Mantra selloff wasn’t contained to a few addresses at all.

从图表中，很明显，主动地址非常接近转移数量的趋势，因此根本没有包含一些咒语抛售。

At the time of writing, Mantra’s price is hovering around $0.50.

在撰写本文时，口头禅的价格徘徊在0.50美元左右。