Shorooq and OKX CEO Don Clearify Say $OM Token Crash Na Because Of Forced Liquidations, No Be Sell-off
Di $OM token crash cause loss of about $5.4 billion, wit di price wey drop by 90% because dem liquidate leveraged positions for inside low liquidity environment. Even though dem bin blame am ontop insider actions at first, Shorooq don clear mouth say dem no dey involved, say neither dem nor di MANTRA team sell tokens during di incident. Di token crash raise mouth for market manipulation, wey affect investor confidence. Despite dis one, Shorooq still dey committed to MANTRA vision of Real-World Asset tokenization. Meanwhile, for di broader crypto market, economic tensions and Andrew Kang $200 million BTC bet bin dey notable. Some tokens like FLR, TRX, and SOL see gains for inside BTC range-bound trading because of market uncertainties.
Bearish
Di ogbonge drop wey happen to $OM token value by 90%, wey follow forced liquidation, dey fundamentally bearish because e dey scatter investor confidence and dey suggest market instability. Dis kind things dey usually make traders dey shine their eyes wella, and fit reduce trading activity for tokens wey dey affected in di short term. On top of dat, allegation say market manipulation fit dey happen fit lead to regulatory scrutiny, and dis go make di negative sentiment worse. But di overall impact on di cryptocurrency market fit no dey too much, because some tokens don show say dem strong pass dis wahala.