The plunge in OM tokens has attracted widespread attention from the market, and the reasons behind it are complex and profound. According to multiple reports, the plunge is mainly caused by the forced closing of holders' accounts by centralized exchanges (CEX). The MANTRA team pointed out that the incident occurred during a period of low liquidity, and CEX's reckless operation exacerbated market volatility, causing the OM token to plummet from about $5.21 to $0.50 in a short period of time, a drop of up to 90%. This situation not only affected the price of OM, but also triggered clearing across the network, with a cumulative amount of US$66.97 million, of which the liquidation amount of multiple positions exceeded US$1 million. It is worth noting that there are some giant whales among the holders of OM tokens, who transferred to exchanges in large quantities a few days before the collapse, which may have laid the groundwork for the violent fluctuations in the market. In terms of future trends, the price recovery of OM tokens will face many challenges. First, market sentiment has been hit hard and investor confidence has declined, which may lead to a longer period of downturn. Secondly, the regulatory authorities' operations against CEX may be strengthened, further affecting the liquidity and market transparency of the exchange. In addition, the MANTRA team needs to take effective measures to restore investor trust, including clear risk controls and more transparent token economics. Overall, the future trend of OM tokens will depend on the market's response to CEX operations, the subsequent behavior of the giant whale, and the MANTRA team's crisis response ability.