#BinanceAlphaAlert Binance, OKX and other exchanges warn about the brutal drop of Mantra (OM). Exchanges have started issuing risk alerts for traders involved in trading this cryptocurrency, while members linked to the creation of OM blame exchanges. The largest exchanges in the market, such as Binance, OKX, and others, began issuing a warning to their investors, especially on this Monday (14). This is because the cryptocurrency Mantra (OM) experienced a brutal drop last Sunday (13), causing significant damage to investors. The case of a cryptocurrency dropping 90% is the first of 2025, but it is not the first occurrence in recent years. In other words, it highlights the high risk of altcoins in the market. In a statement, Binance informed investors that, in 2024, it had already reduced risk controls on the Mantra project as a precautionary measure. "Binance is aware that OM, the native token of MANTRA, is experiencing volatility. Since October of last year, Binance has implemented various risk control measures, including reducing leverage levels concerning the OM token. Binance constantly monitors leverage levels and makes adjustments according to market conditions for risk controls, in order to help reduce volatility," it further explained. The exchange OKX stated that it warns about risks on all its pages. Furthermore, the large exchange requested that investors seek knowledge about the altcoin. According to the note, the movement occurred abruptly, "without proper prior notice." The announcement also highlights that the team, the Mantra Chain association, its advisors, and investors did not participate in the sale of the tokens and that the assets remain locked according to the established vesting periods. "The tokens remain locked and subject to the published lock-up periods. The token wallets are online and visible," the team stated.
