OKX Announces Official Statement on MANTRA (OM) Price Volatility Risk
OKX has announced that it has adjusted a series of risk control parameters on the platform to mitigate market risks in response to the price volatility of the OM token. Additionally, a risk warning has been added to the OM token page to alert users about the token’s volatility.
(Background: Standard Chartered Bank and OKX Launch World-Leading Staking Asset Mirror Project)
(Supplementary Background: $OM Plummets 90% in 30 Minutes, ‘ $7.5 Billion Vaporized’! Official Blames: Reckless Liquidation by Centralized Exchanges or Possible Malicious Manipulation…)
This article is a promotional piece provided by OKX and does not represent the views of the BlockBeats, nor is it investment advice or a recommendation to buy or sell. Please see the liability disclaimer at the end of the article.
According to the official announcement, following a significant surge in the OM token price at the beginning of November 2024, a rapid price drop and increased trading volume were first observed on other exchanges at approximately 2:28:32 AM (UTC+8) on April 14, 2025, leading to a sudden decline of over 80% across the entire market.
Simultaneously, based on publicly available on-chain data and internal exchange data, there have been significant changes in the token economic model since October 2024. Additionally, since early March, multiple on-chain addresses with similar operational patterns have displayed large deposit and withdrawal behaviors across various exchanges.
In light of the aforementioned market risks, OKX has adjusted a series of risk control parameters on the platform to defend against market risks. At the same time, OKX reminds users that there are considerable risks in the current market and that some tokens may experience significant changes in supply, leading to substantial price volatility and impact. Users are advised to conduct prudent analysis of the project conditions when trading. OKX has also added a risk warning on the OM token page to alert users to the token’s volatility.
For more details, please refer to the official announcement: Official Announcement
Promotional Disclaimer:
This content is a promotional piece provided by the contributor, and the contributor has no relationship with BlockBeats. This article does not represent the views of BlockBeats. It is not intended to provide any investment, asset advice, or legal opinion and should not be regarded as an offer to buy, sell, or hold assets. Any services, plans, or tools mentioned in this promotional piece are for reference only, and the actual content or rules are subject to the announcements or explanations provided by the contributor. BlockBeats is not responsible for any potential risks or losses and reminds readers to conduct careful verification before making any decisions or taking any actions.
