<ul><li>The native token of Mantra, OM, experienced a drastic price drop of over 90% in a single day, falling to as low as $0.4222.</li><li>Binance attributes the crash to heavy cross-exchange liquidations, resulting in significant selling pressure.</li><li>Binance took measures to protect users, including reducing leverage levels for OM trading and issuing warnings about changes in supply and tokenomics.</li><li>Around $227 million worth of OM tokens were deposited into exchanges before the crash, further exacerbating the situation.</li></ul>

OM Token Price Crashes Over 90%—Binance Explains What’s Going On

Discover more