Instant surge "CAKE trading volume surges 10 times

OKX CEO Star posted on the X platform regarding the OM crash, stating, "This is a major scandal for the entire cryptocurrency industry. All on chain unlocking and recharge data have been made public, and collateral and clearing data from all mainstream exchanges may be investigated. OKX will prepare all reports

According to BlockBeats, on April 14th, OKX CEO Star posted on the X platform stating that the OM crash is a major scandal for the entire cryptocurrency industry. All unlocking and recharging data on the chain are publicly available, and the collateral and clearing data of major trading platforms can also be verified. OKX will prepare all relevant reports

The perpetual trading volume of Binance TON/USDT surged tenfold within 10 minutes, with a turnover of 85.17 million US dollars in the past 24 hours, a decrease of 0.90%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.

The current price is around 1627, and the distribution of exclusive chips for members shows that there are sparse chips near the support level of 1600, indicating that the selling pressure in this area is relatively light and the price is easy to rise. Combined with the K-line pattern, a red three soldier pattern appears in the 2-hour cycle, indicating a strong bullish signal, and EMA24 and EMA52 are in a long position, further verifying the upward trend. In addition, RSI broke through the upward trend line, indicating an increase in buying momentum. The equilibrium state of chip distribution implies that there is no significant divergence in the market, providing ideal conditions for future market growth. Open membership, unlock chip distribution indicators, and accurately capture key trends! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.

Binance stated in an article on the X platform that it has noticed significant fluctuations in the price of MANTRA's native token, OM. Preliminary investigation results show that the situation in the past day was caused by cross exchange clearing. Since October last year, Binance has implemented a series of risk control measures for OM tokens, including reducing leverage levels. Binance continuously monitors leverage levels and adjusts them based on market conditions to implement risk control and help reduce price volatility. Since January this year, Binance has also issued warnings on its spot trading page regarding OM tokens, informing users that the token's token economics has undergone significant changes and the supply has increased. Binance will continue to closely monitor the situation and take appropriate measures.