#BinanceAlphaAlertl $ Binance, OKX and other exchanges warn about the drastic drop of Mantra (OM). The exchanges began issuing risk warnings to traders involved in cryptocurrency trading, while members related to the creation of OM blame the exchanges. The largest exchanges in the market, such as Binance, OKX, and others, started to issue warnings to their investors, especially on Monday (14). This is because the cryptocurrency Mantra (OM) suffered a drastic drop on Sunday (13), causing significant losses for investors. The case of a cryptocurrency that dropped 90% is the first in 2025, but it is not the first incident in recent years. In other words, this shows the high risk of altcoins in the market. In a statement, Binance informed investors that, in 2024, it had already reduced the risk control of the Mantra project as a preventive measure. “Binance is aware that OM is the native token of MANTRA. “Since October of last year, Binance has implemented several risk control measures, including reducing the leverage level related to the OM token. Binance continuously monitors leverage levels and makes adjustments according to market conditions for risk control, in order to help reduce volatility,” it explained. Meanwhile, the OKX exchange stated that it is warning about risks on all its pages. Additionally, the major exchanges are urging investors to seek knowledge about altcoins. According to the statement, the movements occurred suddenly, “without proper prior notice.” The statement also emphasized that the team, the Mantra Chain association, its advisors, and investors did not participate in the token sale and that the assets remain locked according to the specified vesting period. “The tokens remain locked and subject to a published waiting period. The token wallet is online and visible,” said the team.#BinanceAlphaAlert $OM
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.