OM令牌价格挣扎在0.70美元以下，因为90％倒塌的混乱

Mantra的OM令牌目前徘徊在0.64美元以上，在过去24小时内下降了8.5％以上，因为该项目继续与该项目抗衡

Mantra's OM token price is currently struggling below the $0.70 level as the project continues to grapple with the chaos of a 90% collapse that saw billions of dollars in market capitalization evaporate.

由于该项目继续努力应对90％倒塌的混乱，目前，Mantra的OM代币价格目前正挣扎于0.70美元的水平低于0.70美元的水平，这使数十亿美元的市值蒸发了。

What Happened: The disaster unfolded on April 13 between 18:00 and 20:00 UTC as OM's price fell from $5.52 to as low as $0.52 without any apparent reason. Social media buzzed with theories ranging from exchange manipulation to rug pull claims.

发生的事情是：灾难于4月13日在18:00至20:00 UTC之间展开，因为OM的价格从5.52美元下降到低至0.52美元，没有任何明显的原因。社交媒体嗡嗡作响，理论从交换操作到地毯拉力索赔。

As fear grew, Mantra CEO John Patrick Mullin said in a statement that "reckless forced closures initiated by centralized exchanges on OM account holders" caused the catastrophe.

随着恐惧的成长，曼特拉首席执行官约翰·帕特里克·穆林（John Patrick Mullin）在一份声明中说，“由OM帐户持有人集中式交流发起的鲁ck封闭”造成了灾难。

"The timing of this event, during low-liquidity hours on a Sunday evening, speaks to a degree of negligence at least, or possibly intentional market positioning taken by centralized exchanges," Mullin stated.

穆林说：“在周日晚上的低流动性时间里，这一事件的时间至少在某种程度上说了一定程度的疏忽，或者可能是在集中交易所进行的故意市场定位。”

On-Chain Analysis: Single Trader Might Have Controlled Crash

链分析：单人交易者可能控制了崩溃

New blockchain research points to one trader who might have been able to control the crash. Reports indicate that the first trigger was likely a $1 million short bet on Binance's perpetuals market, resulting in more than 5% slippage "in literal microseconds."

新的区块链研究表明，一位可能能够控制崩溃的交易者。报告表明，第一个触发因素可能是对Binance的永久市场的100万美元押注，导致5％以上的滑倒“在微秒中”。

This trader reportedly kept dumping short positions at five-second intervals, triggering a chain reaction on other exchanges.

据报道，这个交易者一直以五秒钟的间隔倾倒短缺，从而在其他交流上引发了连锁反应。

Later, blockchain tracker Lookonchain found 17 accounts where 43.6 million OM tokens, valued at approximately $227 million, had been deposited into Binance and OKX prior to the crash, fueling speculation about insider trading.

后来，区块链跟踪器Lookonchain发现了17个帐户，其中4,360万个OM令牌价值约为2.27亿美元，已在坠机发生前存放到Binance和OKX中，这加剧了人们对内幕交易的猜测。

Mantra's Liquidity Illusion Exposed

咒语的流动性幻想暴露

Industry analysts believe that Mantra and related market builders might have inflated OM token liquidity numbers by utilizing weaknesses in the self-reporting systems of data aggregators.

行业分析师认为，咒语及相关市场建设者可能通过利用数据聚合器的自我报告系统中的弱点来使OM代币流动性数量膨胀。

"This was a token that appeared to be a top-25 asset by market capitalization despite less than 1% of the token supply being genuinely liquid," stated on-chain observers during a discussion on The Chopping Block podcast.

“这是一个代币，尽管不到1％的代币供应是真正的流动性，但似乎是市场资本化的前25年，”链上观察员在有关斩波块播客的讨论中说。

"This involved misrepresenting circulating supply and trading volume to create the appearance of broader market activity." The implication is that the artificially maintained liquidity withered away when a large holder attempted to sell.

“这涉及歪曲循环供应和交易量，以创造更广泛的市场活动的外观。”这意味着当大型持有人试图出售时，人为维持的流动性枯萎了。

Early Warning Signs Ignored

预警信号被忽略

Three days before the disaster, hedgeye digital assets specialist Ishmael Asad warned Mantra about vulnerabilities.

灾难发生前三天，Hedgeye Digital Assets专家Ishmael Asad警告口头禅有关漏洞。

Asad noted how Mantra had silently quadrupled its token supply after migrating from Ethereum to its own L1 chain, highlighting concerning tokenomics as early as November 2024.

阿萨德（Asad）指出，咒语是如何从以太坊迁移到其自己的L1链后默默地静静地将其代币供应量增加了，最早早在2024年11月就强调了有关令牌瘤的供应。

"They literally doubled the supply," Asad said in a post-crash interview with Coinage. "And out of that new supply... they kept a major chunk of that as well for core contributors, seed funding and ecosystem development grants."

阿萨德在对Coinage的爆炸后采访中说：“他们的供应实际上使供应增加了一倍。” “从新的供应中……他们也为核心贡献者，种子资金和生态系统发展赠款保留了其中的很大一部分。”

Both the Mantra community and Mullin responded to Asad's warnings with amusement.

咒语社区和穆林都以娱乐的方式回应了阿萨德的警告。

"I was definitely caught off guard by the hahas in front of all of his responses and sort of just the sheer arrogance," Asad added.

阿萨德补充说：“在他的所有回应和纯粹的傲慢方面，我肯定会措手不及。”

Mantra (OM) Recovery Plans Unclear

咒语（OM）恢复计划不清楚

Since then, Mantra has released a "statement of events," emphasizing that all team allocations remain frozen and no project-led token sales had taken place.

从那时起，Mantra发布了“事件陈述”，强调所有团队分配仍然冻结，并且没有进行项目主导的代币销售。

While the team has mentioned plans for a token buyback and burn program, they have provided minimal details about the timing or execution.

尽管团队已经提到了代币回购和燃烧计划的计划，但他们提供了有关时机或执行的最小详细信息。

Beginning with his personal allocation, Mullin stated that he would burn all of his team's tokens. Additionally, an unidentified blockchain analyst is allegedly involved in the initiative to examine the fundamental cause of the disaster.

从他的个人分配开始，穆林说他会燃烧所有团队的代币。此外，据称一位身份不明的区块链分析师参与了该计划，以研究灾难的基本原因。

Industry Implications and Proposed Solutions

行业含义和建议的解决方案

The OM crash has sparked fresh discussion about the fragility of crypto assets with artificially generated liquidity.

OM崩溃引发了有关加密资产具有人工流动性的脆弱性的新讨论。

Noting the implications of token concentration and opaque governance, Bitget CEO Gracy Chen highlighted that the meltdown "exposed several critical issues" within the industry.

Bitget首席执行官Gracy Chen注意到令牌集中和不透明治理的含义，强调了崩溃在行业内“暴露了几个关键问题”。

Industry leaders have proposed various solutions to prevent such events, including mandating disclosure of all market-making agreements as a requirement for listing tokens on major exchanges and applying increased scrutiny of token distribution claims.

行业领导者提出了各种解决方案，以防止此类事件，包括要求披露所有营销协议，以此作为在大型交易所上市代币的要求，并对代币分销索赔进行了越来越多的审查。

Many observers remain skeptical about Mantra's chances for recovery as it seeks to rebuild its reputation.

许多观察者对咒语的康复机会仍然持怀疑态度，因为它试图重建其声誉。

Asad stated, "I personally would stay away from this one because of permanent reputation damage, but maybe at this current price it’s more fitting to what’s actually happening on the chain. But at $9, that was [too early] and it was not justified."

阿萨德（Asad）表示：“由于永久声誉损失，我个人会远离这一问题，但也许以这种目前的价格，这更适合链条上实际发生的事情。但是，在9美元的价格（太早）的价格为9美元，这是没有道理的。”

See More: Top 5 DeFi Tokens To Watch In April 2025

查看更多：2025年4月观看的前5个Defi令牌

Now trade Cryptocurrency varsity easily and cheaply in Australia Capital.

现在，在澳大利亚资本中，贸易加密货币大学很容易，便宜。

Don't miss out on the latest cryptocurrency news and insightful articles.

不要错过最新的加密货币新闻和有见地的文章。

.

。