SLF Token Surges 17.5% as Binance Observation Tag Sparks $52.6M Volume Spike

SLFUSDT experienced a notable price increase of 17.50% over the last 24 hours on Binance, rising from 0.0663 to 0.0779 USDT. This upward movement is primarily attributed to heightened trading activity following Binance’s addition of an observation tag to SLFUSDT on July 7, 2025, which drew significant market attention and increased scrutiny. The announcement led to a surge in trading volume, with Binance reporting $12.38 million in 24-hour volume and CoinGecko noting a broader market volume of approximately $52.6 million, up over 300% from the previous day. Despite the recent price rebound, SLFUSDT remains down significantly over the past month and has experienced increased volatility due to its placement on Binance’s Monitoring Tag list and related investor reactions. The current market capitalization is around $13 million, with a circulating supply of 167 million SLF.