According to official announcements, the OM token experienced a rapid price drop and trading volume amplification on other exchanges around 2:28:32am (UTC+8) on April 14, 2025, after a significant increase in the token price in early November 2024. Subsequently, the entire market experienced a significant drop of over 80% in a short period of time. At the same time, based on publicly available data on the chain and internal data of exchanges, the token economy model of the project has undergone significant changes since October 2024; Since the beginning of March, multiple on chain addresses with similar operating modes have engaged in large-scale deposit and withdrawal activities on various exchanges.
Based on the above market risks, OKX has adjusted a series of risk control parameters on the platform to resist market risks. At the same time, OKX reminds users that there are significant market risks in the near future, and some tokens may experience significant changes in token supply, which will have a significant impact on token prices. Users are advised to carefully analyze the project situation during trading. OKX has also added a risk warning on the OM token page, reminding users of the volatility of the token.
Details link: https://www.okx.com/zh-hans/help/announcement-on-the-price-volatility-of-mantra-om
