🌋 OKB Experiences a Sudden 50% Price Drop
posted 23 Jan 2024
On January 23, OKX's token, OKB, saw an unexpected market shakeup. Its price dramatically fell by 50%, dropping from $52 to nearly $25, before recovering to $46.
OKB Price Chart Source: okx.com
This incident wasn't just a fleeting glitch on the trading interface, as evidenced by the price's two-minute fall and its gradual recovery thereafter.
The reasons behind such a sudden and sharp decline in OKB's price remain a mystery for now.
Seems like not everyone caught the wave of green candles following the spot Bitcoin ETF approval, leading to the market's nerve-wracking response.
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