When users find that the mango network token price is displayed as “–” or unavailable on common platforms, the most common reason is the temporary interruption of the underlying data acquisition technology link. This includes exchange API interface failures (stability is typically at the 99.95% level, but there are still 0.5-1 hour of maintenance or unexpected outages on average each month), and the latency of dependent oracle networks (such as the Pyth Network design target latency <500 milliseconds). However, when the Solana network is congested, it can last for more than 10 seconds (or when the data processing center is overloaded (peak computing requests exceed 120% of the designed capacity). For instance, in September 2023, the average TPS of Solana’s mainnet dropped below 1,000 for several consecutive hours (far below the claimed 65,000), resulting in a failure rate of over 30% for oracle updates that relied on it and the loss of real-time quotes from MNGO on multiple tracking platforms.
Another core factor is the depletion of market liquidity or trading volume being lower than the platform threshold. If the 24-hour trading volume of a specific trading pair (such as MNGO/USDT) drops sharply below $10,000 (or falls below the minimum liquidity standard set by the platform), or if the spread between the buy and sell orders in the order book expands to more than 5% of the average price (normally within the range of 0.5%-2%), the platform’s algorithm will determine that the price is unreliable and stop updating the display. Extreme market events, such as the Terra collapse in May 2022, caused multiple illiquid tokens to experience a deep evaporation of buy and sell orders. The order book depth (±1% price range) remained below $5,000 for several hours, leading to a disruption in quotations. The withdrawal of market makers may also lead to this issue. For instance, in December 2023, a well-known market maker reduced its order volume for MNGO by 80% due to risk adjustments.
Regulatory intervention or compliance operations directly leading to the delisting of transactions are the key reasons for the disappearance of prices. If the project party encounters accusations of securities violations such as those from the US SEC (historical probability: about 60% of the accused tokens are delisted by major exchanges within one month) or fails to meet the updated token review standards of the exchange (such as failing to submit the audit report in a timely manner), the platform will actively or passively suspend trading. For instance, after Binance responded to the SEC’s lawsuit and delisted multiple tokens on the BNB chain in June 2023, on average, each token spent more than 48 hours tracking the platform’s disappearing quotes. The differences in jurisdictions on a global scale also affect liquidity. For instance, if a platform with users from a specific country accounting for more than 15% makes compliance adjustments (such as restricting access to users from the United States), it may cut off the price source in that region.
The technical strategy of the data aggregation platform can also cause the price to be invisible. Services such as CoinMarketCap and CoinGecko ensure data quality by weighting source exchanges (the liquidity weight often accounts for 70%). If the main liquidity source (such as a single exchange accounting for more than 40% of the total trading volume of the token) is temporarily removed or the data is abnormal (with a deviation exceeding three times the historical volatility standard deviation), The aggregation algorithm will be unable to output valid values. In a cross-exchange API synchronization failure event in January 2024, CoinGecko reported that approximately 8% of the tokens were in a “price unavailable” state for up to two hours due to the temporary failure of more than 50% of the data sources.
The operation of the project itself may also interrupt the price display. During the smart contract upgrade period (usually requiring a 30-60 minute pause in block confirmation), or after being hacked (such as during the incident in 2022 when Mango Markets itself was hacked and lost 114 million US dollars), the project party may request the exchange to suspend trading or freeze the asset flow. In addition, if the integration of tokens on key functional platforms (such as major DEXs or lending protocols) is suspended (at an annualized rate of approximately 5%), it will also affect their market liquidity and price visibility.
In the face of the unavailability of mango network token price, users should immediately check the official announcements, mainstream blockchain browsers (such as Solscan, which shows the most recent transaction timestamp), and liquidity aggregators (such as Birdeye, which provides alternative feed sources). This phenomenon is usually a signal of technical issues, regulatory risks or the health of the project, and potential impacts need to be evaluated in combination with multi-source information.