🚨 Binance Statement on $OM

Binance is aware that $OM, the native token of MANTRA, has experienced significant price volatility. Our initial findings indicate that developments over the past day are a result of cross-liquidations between exchanges.

Since October of last year, Binance has implemented several risk control measures, including reducing leverage levels, in relation to the $OM token. Binance constantly monitors leverage levels and makes adjustments according to market conditions for risk controls, in order to help reduce volatility.

Since January of 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 in its tokenomics, increasing its supply.

We remain dedicated to closely monitoring the situation and will continue to take appropriate actions to protect our users and maintain the integrity of our platform.

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