Binance: OM price fluctuations are due to cross-exchange liquidation, and a number of risk control measures have been implemented, including reducing leverage

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According to , Binance customer service account tweeted that "Binance has learned that the price of MANTRA's native token OM has experienced significant fluctuations. Our preliminary investigation shows that the volatility over the past day was caused by cross-exchange clearing.

Since October last year, Binance has implemented multiple risk control measures for the OM token, including reducing leverage. Binance continues to monitor leverage levels and adjust risk controls based on market conditions to reduce volatility. Starting from January this year, Binance has also issued a pop-up warning on its spot trading page for OM, informing users that the token's tokenomics have undergone significant changes, with an increase in supply. We will continue to closely monitor developments and take appropriate measures to protect user rights and maintain platform integrity."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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