MANTRA said in a post on the X platform that it has determined that the OM market volatility was triggered by the reckless forced closure of accounts by CEX on token account holders. The timing and depth of the plunge suggest that account positions were suddenly closed without sufficient warning or notice. The incident occurred on Sunday night UTC (Asian time).
According to swarms in a post on the X platform, the team holds only 2% of the chips, which is a mistake that allows the price to be manipulated by malicious holders and exchanges. Swarms is launching a proposal to increase the team's chips to 10%, which will be achieved by setting up a DAO, which will then be joined by token holders and invested in tokens.
Since Trump won the US election, hedge funds that insist on shorting Tesla have lost billions of dollars, and Elon Musk and Trump's special following pair have caused a shock. Calculations of data compiled by S3 Partners found that hedge funds holding short Tesla positions lost at least $5.20 billion on paper between Election Day and Friday's close.
According to Spot On Chain, the WazirX hacker now holds only 34,154 ETH ($83 million), which is about 55% of the amount stolen. In the past seven days, the hacker sent a total of 20,000 ETH ($46.97 million) to Tornado Cash, bringing the total laundered ETH to 27,600 ($65.5 million).
Gold bulls hold on to 2500, but they are not strong enough to increase their positions above the key resistance; crude oil is falling, and it needs to rebound to the X-long and short boundary to reverse the decline.
Gold sticks to the 2500 mark, the geopolitical situation and the expectation of interest rate cuts are the key factors driving this round of the market, and the key factors for the next wave of boost are...