OM tokens have experienced an astonishing 90% flash crash recently, mainly due to the forced closing of token holders by centralized exchanges (CEXs). According to MANTRA's analysis, the market fluctuation occurred during periods of low liquidity and did not give sufficient warnings or notifications, indicating management negligence or potential market manipulation by CEX. Relevant data shows that some whales transferred a large number of OM tokens to exchanges such as OKX within a few days before the collapse, possibly to hedge risks, which further aggravated the market's panic. In addition, MANTRA's token economics remained unchanged, and the team emphasized that the collapse was not caused by the sell-off of the project itself, but by external factors. This situation triggered a liquidation of US$66.97 million, including many large-scale positions, showing extreme panic among market participants. In terms of future trends, investors need to pay attention to the regulation and transparency of CEX, which may prompt stricter regulations in the industry. At the same time, the fundamentals of the MANTRA project still need to be strengthened to restore investor confidence. Overall, the future trend of OM tokens will be affected by multiple influences by market sentiment, CEX operations and project development strategies. Investors should be cautious and pay close attention to market trends.