财经少华
--
After a 300-fold increase, a 95% flash crash occurred. What happened to the 'RWA Demon Coin' OM?
In the early morning, the RWA sector project MANTRA (OM) plummeted 90% in a short time, crashing from $6 to $0.5, with a market value evaporating over $5.5 billion.
Three hours later, the MANTRA team released a statement saying that the drop was due to irrational liquidations and was unrelated to the project itself, asserting that it was not the team's doing.
Subsequently, OM rose from around $0.5 to $1.2, briefly going short. Within just four hours, the liquidation amount of OM contracts reached $58 million.
Before this crash, OM had gone through several violent surges since last November, being referred to by the community as 'strongly controlled demon coin.'
In the early morning, the RWA sector project MANTRA (OM) plummeted 90% in a short time, crashing from $6 to $0.5, with a market value evaporating over $5.5 billion.
Three hours later, the MANTRA team released a statement saying that the drop was due to irrational liquidations and was unrelated to the project itself, asserting that it was not the team's doing.
Subsequently, OM rose from around $0.5 to $1.2, briefly going short. Within just four hours, the liquidation amount of OM contracts reached $58 million.
Before this crash, OM had gone through several violent surges since last November, being referred to by the community as 'strongly controlled demon coin.'
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0