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Bearish
Binance’s Official Statement on OM Crash
In an official post via X, the Binance Customer Support issued a message saying that OM has recorded intense price volatility, and the exchange’s initial findings show that it was caused by cross-exchange liquidations.
Binance stated that since October 2024, the exchange has implemented various risk control measures, including reducing the leverage levels of OM to reduce volatility.
The exchange also noted that since January 2025, it issued a pop-up warning for OM on its spot trading page to inform users that it has undergone significant changes to its tokenomics, increasing its supply.
Binance said that it will continue to monitor the situation.
#om #WhaleMovements #Mantra $OM
In an official post via X, the Binance Customer Support issued a message saying that OM has recorded intense price volatility, and the exchange’s initial findings show that it was caused by cross-exchange liquidations.
Binance stated that since October 2024, the exchange has implemented various risk control measures, including reducing the leverage levels of OM to reduce volatility.
The exchange also noted that since January 2025, it issued a pop-up warning for OM on its spot trading page to inform users that it has undergone significant changes to its tokenomics, increasing its supply.
Binance said that it will continue to monitor the situation.
#om #WhaleMovements #Mantra $OM
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