This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is aware that OM, the native token of MANTRA, has experienced significant price volatilities. Our initial findings indicate that the developments over the past day are a result of cross-exchange liquidations.
Since October of last year, Binance has implemented various risk control measures including reducing the leverage levels, with regard to the OM token. Binance constantly monitors leverage levels and makes adjustments according to market conditions for risk controls to help reduce volatility.
Since January this year, Binance has also issued a pop-up warning for OM on its spot trading page to inform users that the token has undergone significant changes to its tokenomics increasing its supply. We have now updated the risk warning to inform users the token price is subject to high volatility.
We remain dedicated to monitoring the situation closely and will continue to take appropriate actions to protect our users and maintain the integrity of our platform. Thank you for your continued trust in Binance.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-14
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
