OKX has launched the SLERF deposit, causing the spot price of the token to decrease by nearly 70%, aligning closely with its on-chain price. As the platform introduces SLERF deposits, market reaction has resulted in a significant plunge in the token’s value. The decrease came swiftly as traders and investors responded to the news. This downturn coincides with a convergence of the token’s market and on-chain pricing, indicating a shift in trading dynamics. The implications for SLERF’s performance remain to be seen as market participants continue to assess the situation.
