According to ChainCatcher, Binance officially stated that they noticed significant price fluctuations in the MANTRA token OM, and initial investigations revealed that the volatility over the past day was mainly caused by cross-platform liquidation.

Since October last year, Binance has implemented multiple risk control measures for the OM token, including reducing leverage levels. Binance will continue to monitor leverage levels and adjust them according to market conditions to enhance risk control and help reduce volatility.

Starting from January this year, Binance has also enabled a pop-up warning on the spot trading page for OM, reminding users that the token's economic model has undergone significant changes, with an increase in supply.

Binance will continue to closely monitor developments and take appropriate actions to protect user interests and maintain the platform's stability and fairness.