🚨 OM Token Plummets Over 90% Amid Forced Liquidation Claims 
The cryptocurrency market was shaken as Mantra’s OM token experienced a dramatic 90% drop in value, falling from $5.21 to $0.50 over the weekend before a brief rebound to approximately $1.20 . This sudden crash has raised concerns and prompted responses from both the Mantra team and major exchanges. 
Key Developments:
• Forced Liquidations Alleged: Mantra co-founder John Patrick Mullin suggested that the sharp decline was likely due to exchanges closing OM positions, leading to widespread market exposure impacts . 
• Binance Responds: In the wake of the crash, Binance addressed the situation, highlighting changes in OM’s tokenomics as a contributing factor to the price volatility . 
• Market Reaction: Despite the turmoil, OM’s trading volume surged, indicating heightened investor activity. However, the token remains significantly below its previous all-time high of $9.00 reached in February 2025 . 
Current Statistics:
Community Sentiment:
The incident has sparked intense discussions within the crypto community, with many expressing concerns over the stability of emerging tokens and the mechanisms in place to protect investors.
Stay Informed:
As the situation develops, it’s crucial for investors to stay updated on official announcements from the Mantra team and major exchanges. Engaging with reliable news sources and community forums can provide additional insights into the evolving scenario.
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