A significant event occurred in the cryptocurrency market: following the burn of 65 million OKB tokens, the price surged by over 170%. This event took place on August 13, 2025, attracting the attention of investors and traders.
Token Burn of OKB
OKX, the fifth-largest cryptocurrency exchange, executed one of the largest token burns in history, reducing the circulating supply of OKB by approximately 75%. As a result, 65.26 million tokens were permanently removed.
Market Impact
In the aftermath of this event, the price of OKB jumped from around $46 to $142, stabilizing later at approximately $102. Trading volume surged to $723 million, which represents a 13,000% increase.
Future of OKB
The token burn alters OKB's tokenomics, potentially influencing investor sentiment and exchange strategies. Forecasts suggest that similar events can boost ecosystem involvement temporarily. Additionally, OKB is transitioning to its own X Layer blockchain, which will enhance transaction speeds and reduce gas fees.
The token burn of OKB demonstrated the market's responsiveness to supply changes, creating significant opportunities for the future development of the entire project.
