🔴April was marked by massive price crashes across dozens of tokens traded on Binance and OKX. Assets like OM, VIDT, ACT, HIPPO, and others plummeted by dozens of percent within just a few hours. Experts link the sell-offs to a lack of transparency between developers and market makers, raising concerns about potential price manipulation.
🔴Crypto exchanges have begun to respond. OKX is investigating the high-profile OM incident, while Binance previously suspended two market makers. However, most crashes remain unaddressed publicly, further undermining trust in the altcoin market.