Binance Explains OM Token’s Price Drop, Highlights Risk Management Amid Volatility

Binance has issued a statement regarding the recent volatility of the OM token, tied to significant changes in its supply structure and cross-exchange liquidations. The exchange attributes the sharp price fluctuations observed over the past 24 hours to these factors. Binance notes its proactive risk control measures implemented since last October, including reduced leverage for OM tokens, as part of an ongoing strategy to adjust exposure to evolving market conditions. ]