咒语生态系统（OM）的本地令牌经历了灾难性的价格崩溃

咒语生态系统（OM）的本地代币经历了灾难性的价格崩溃，仅在24小时内下降了90％以上。

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

咒语生态系统（OM）的本地代币经历了灾难性的价格崩溃，仅在24小时内下降了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.

为了应对坠机事件，Mantra创始人JP Mullin发表了一份声明，将价格诉讼归因于“集中式交易所在OM帐户持有人上发起的鲁ck强迫关闭”，而不是该项目或团队或投资者的标志销售的任何基本问题。

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.

价格崩溃已经消除了OM最近收益的大部分收益，在过去的24小时内，该代币现在的交易价格为0.4565美元。

Mantra’s Explanation of the OM Token Collapse

咒语对OM令牌崩溃的解释

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

Mantra创始人JP Mullin已将他所描述的交换式清算确定为OM价格崩溃的主要原因。

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

崩溃的时间和严重程度表明，集中交易所可能存在疏忽或可能是故意的市场操纵。

“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.

穆林在声明的一部分中说：“我们已经确定，OM市场的变动是由OM帐户持有人的集中交易所发起的鲁ck封闭而触发的。”

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

“坠机的时机和深度表明，在没有足够的警告或通知的情况下开始了非常突然的帐户头寸关闭。”

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

穆林解释说，崩溃发生在“周日晚上UTC（亚洲清晨）的低流动性时间”中发生。

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

这是一个时期的交易量通常较低，并且大订单的价格影响可能更大。

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.”

根据咒语创始人的说法，这种时机选择“充其量是一定程度的疏忽，或者可能是集中交易所采取的故意市场定位。”

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.”

该声明明确否认了咒语团队或其投资者参与抛售的任何参与：“要明确，这种错位不是由团队，咒语链协会，其核心顾问或咒语的投资者出售代币的人造成的。

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还指出，尽管该项目在最近发布的令牌报告中报道，尽管价格跌幅降低，但OM的令牌学仍然完好无损。

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

他进一步强调了该项目的透明度，并指出：“我们的代币软件地址是在线和可见的。”

Binance Response and Risk Control Measures

唯一响应和风险控制措施

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，已通过其X上的客户支持帐户发布了有关令牌价格波动的官方声明。

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

根据Binance的说法，他们的“最初发现表明过去一天的发展是交叉交换清算的结果。”

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

该交易所还显示，自去年10月以来，它一直在实施OM令牌的风险管理措施。

“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月以来，Binance实施了各种风险控制措施，包括降低杠杆水平，以减轻对资产的潜在影响。”

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

Binance还透露，自2025年1月以来，它一直警告用户与OM令牌相关的潜在风险。

The exchange explained,

交流解释说，

“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还在其现货交易页面上发布了$ OM的弹出警告，以告知用户令牌对其令牌学的大幅变化，以增加其供应。”

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

咒语的创始人随后对Binance的公告提出了更加温和的回应。尽管在穆林的声明中提出了交换粗心大意的指控。

“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.

穆林写道：“我们一直与Binance团队保持联系，他们一直很沟通，乐于助人和支持。我们要感谢Binance及其团队处理这种艰难的情况。”

Market Context and Project Background

市场背景和项目背景

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代币的价格崩溃是在咒语项目的强劲收益之后。仅两个月前2月，该代币达到了8.99美元的历史最高点。

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

穆林在他的声明中将咒语定位为一个有弹性的项目，在艰难的市场条件下一直存在。

“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.

他说：“咒语是一个在多个市场周期中幸存下来的项目。当其他人停止建造时，我们一直在进行。这也不例外。”

The founder also highlighted recent achievements to reinforce investor confidence.

创始人还强调了最近的成就，以增强投资者的信心。

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.”

他提到咒语已成为“由迪拜的Vara许可的第一个Defi协议。他还提到了“将扩大和增强我们的生态系统的集成和计划”。

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

这些要点似乎是为了将重点从直接的价格危机转变​​为项目的长期发展。