#BinanceSafetyInsights

Arincen - The Mantra DAO token (OM) plummeted by more than 90% in just a few hours, falling from $6.28 to around $0.71, wiping out more than $5 billion in market value.

Following the collapse, analysts observed massive transfers of OM tokens to wallets on centralized exchanges, most notably Binance and OKX, totaling nearly $27 million.

Although Mantra's CEO denied any selling by the team or investors, independent analysts pointed to the possibility of internal selling immediately preceding the collapse.

While Binance supported the "forced liquidation" narrative, OKX hinted at sudden changes to the token's mechanism, amid ongoing investigations into the sudden drop.

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