OM令牌坠机事故在昨天仅30分钟内就损失了60亿美元。

像倒塌的Terra Luna使投资者质疑是否计划了所有这些。

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令牌坠机事故在昨天仅30分钟内就损失了60亿美元。像倒塌的Terra Luna使投资者质疑是否计划了所有这些。

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?

有很多警告信号被忽略，这导致了这一巨大的损失。加密术术语看一下OM崩溃中到底发生了什么以及是否有机会收回损失的资金。 2025年4月13日，在UTC下午6:00左右，OM的价格是由Web3 Project Mantra创建的代币，在一个小时内从6.70美元下降到0.37美元。代币在一个小时内失去了其价值惊人的93％，给投资者带来了巨大的损失。另一方面，一些交易者通过缩短OM来赚取巨额利润。但是是什么原因导致了坠机事故？

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联合创始人Mullin在X上宣布他有“无wifi”，并且会“离线”。仅四个小时后，在UTC下午6:00，OM的价格崩溃了。此外，在UTC下午9:00，Mantra的Telegram频道被神秘地删除了。

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.

坠机发生前一天，4月12日，总共将390万个OM令牌发送给OKX。根据阿卡姆（Arkham）的说法，清算开始于4月13日上午1:00左右，一直持续到下午1:00，引发了连锁反应，最终导致OM崩溃。

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.

据报道，OM的崩溃是由6697万美元的强迫清算触发的12小时，但问题已经增长了几个月。值得注意的是，团队控制了OM供应的90％，这使他们有很大的影响力来影响价格。

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，投资者信托已经很低。就在一个月前，Mantra的OM Airdrop列入了50％以上的钱包，声称它们是“机器人”，没有任何证据。

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.

解锁基金的条款也发生了多次更改：首先是20％的解锁，然后每天0.3％，最后10％在归属期间解锁到2027年，使投资者感到失望。

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.

警告信号不断增长。据称，做市商正在提高令牌的价格。而且气水不断延迟提高对价格下跌的担忧。

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.

在坠机事故发生的几天里，链上的数据显示，17个钱包出售了4,360万om，价值约2.27亿美元的交易所，占总供应量的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否认了与OKX上OM代币销售的任何联系，声称他们尚未存放令牌。 Shorooq投资者还否认出售OM令牌，将撞车事故归咎于大型强迫清算，如链数据所示。

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.

穆林还否认了阿卡姆（Arkham）的数据，称他们不知道谁在坠机前卖掉了OM的钱包。他声称这些钱包被“标记错误”，并提到了4月8日的透明报告，上面写着关键的钱包地址。

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.

当OKX上出现价值390万美元的OM时，Panic在市场上爆发了。投资者担心下降，出售压力激增，这进一步受到了OTC交易的加剧，在这些交易中，内部人士以50％的折扣出售给代币的大型投资者，这些投资者在崩溃后倾倒了这些标记。卖出的卖空者是触发停止损失和借来的职位的销售。

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分钟内，OM损失了其价值的93％，超过55亿美元的市值消失了。社区很快将其与Luna Crash进行了比较。

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的电报频道突然被删除，留下了令人毛骨悚然的最后一条消息：“ Luna 2.0”。没有更新，也没有问责制，社区被留在黑暗中。

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

咒语团队声称，崩溃是由更大的市场压力和集中式交流造成的，引发了清算的链条反应。

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补充说，价格下跌始于交易量的高涨，并且在OKX以外的其他交易所价格下降，然后扩展到整个市场。 4月14日，OKX宣布，自2024年10月以来，Mantra的令牌学已经“发生了很大变化”，并警告了几次交易所中的“可疑活动”。

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

关于地毯拉力的谣言也开始与交易者交流，担心开发商可能会放弃该项目。

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

市场投资者戈登警告说，自Luna/ftx以来，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，咒语高管坚持认为，他们正在与有关当局完全合作，以应对最近的市场事件，并向进行调查的任何机构或组织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.

他们还与主要的交流合作，以确保平稳的运营和有效的沟通。