OKX releases announcement on MANTRA (OM) price fluctuations

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PANews
04-14
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PANews reported on April 14th that according to the official announcement, after the OM token experienced a significant price increase in early November 2024, around 2:28:32am (UTC+8) on April 14th, 2025, it first saw a rapid price drop and increased trading volume on other exchanges, followed by a market-wide sharp decline of over 80% in a short period. Meanwhile, based on on-chain public data and exchange internal data, the project's token economic model has undergone significant changes since October 2024; additionally, from early March to now, multiple on-chain addresses with similar operational patterns have exhibited large deposit and withdrawal activities across various exchanges.

In response to these market risks, OKX has adjusted a series of platform risk control parameters to mitigate market risks. Simultaneously, OKX warns users that market risks are currently high, and some tokens may experience significant changes in token supply that could cause substantial price fluctuations and impacts. Users are advised to carefully analyze project conditions when trading. OKX has also added a risk warning on the OM token page to alert users about the token's volatility.

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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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