Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

S&P Expands Into Crypto With New Multi-Asset Crypto Index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

OKB Token Price Surges 200% as Supply Slashed by 50%

August 13, 2025Updated:August 13, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
OKB Token Price Surges 200% as Supply Slashed by 50%
Share
Facebook Twitter LinkedIn Pinterest Email
ad


OKB, the token of cryptocurrency trade OKX, greater than tripled to a file excessive after the corporate executed a one-time burn of 65.26 million OKB, slicing the provision by greater than 50%.

Burning the roughly $7.6 billion value of tokens completely reduces the utmost provide to 21 million, according to the exhausting cap coded into bitcoin

. The burn, or sending the tokens to a pockets tackle that may’t be accessed, was carried out from OKX’s reserves and represents one of many largest deflationary occasions in trade token historical past.

The impact of the burn was prompt. OKB jumped to $142 from $46 earlier than retrenching to about $102. Buying and selling quantity skyrocketed 13,000% to $723 million as merchants tried to capitalize on the provision shock.

OKB/USD (TradingView)

OKB/USD (TradingView)

The technique mirrors that of BNB, the token of BNB Chain, which is related to rival trade Binance. That undergoes quarterly burns that usually precede short-term rallies.

Supporting that narrative, OKB’s turnover ratio, a measure of buying and selling exercise relative to provide, spiked from 0.03 pre-announcement to 0.093, signaling heightened speculative and strategic positioning.

Sustained value momentum will rely upon whether or not OKX can proceed to drive adoption of its X Layer blockchain, of which OKB is the native token. To that finish, the trade plans to extend transaction pace and cut back fuel costs, in accordance with a weblog submit. It is going to even be phasing out Ethereum-based OKB tokens, which might now be redeemed for X Layer variations.





Source link

ad
OKB Price Slashed Supply surges token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

S&P Expands Into Crypto With New Multi-Asset Crypto Index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
S&P Global expands its reach with hybrid crypto-ecosystem index
October 7, 2025
S&P Expands Into Crypto With New Multi-Asset Crypto Index
October 7, 2025
Is Bitcoin now a $57B volatility trade
October 7, 2025
Bitcoin Open Interest in Focus as Bulls Battle for $124,000
October 7, 2025
SBR And Bitcoin Act Are Closer Than You Think
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.