OKB Hits All-Time High After 65.26M Token Burn and 21M Supply Cap

OKB, the native token of the OKX cryptocurrency exchange, surged to a new all-time high following a significant token burn and supply cap announcement. Over the past 24 hours, OKB rose by more than 173%, triggering widespread market attention and outperforming other top exchange-based tokens [1]. The surge came after OKX executed a 65.26 million OKB token burn, reducing the circulating supply and signaling a commitment to tokenomics reform [2]. The exchange also announced a permanent supply cap of 21 million OKB, effectively capping the maximum supply and reinforcing confidence among investors [3].

The move aligns with OKX’s broader strategic upgrades, including enhancements to its X Layer blockchain, which is being developed as a scalable infrastructure to support high-throughput transactions and decentralized applications. The X Layer is expected to replace the legacy OKTChain system, with OKT tokens gradually swapped for OKB based on an average price benchmark over a specific period [4]. These improvements, combined with the token burn and supply adjustments, have contributed to a surge in OKB’s market value and investor sentiment.

The price rally of OKB has also been supported by broader market conditions, with the overall cryptocurrency market growing and reaching an all-time high total market cap. OKB’s performance is being viewed as a key indicator of how tokenomics-driven strategies can influence price action in the digital asset space [5]. Analysts highlight that such supply-side adjustments are increasingly becoming a standard practice among major crypto exchanges to control inflation and maintain token value [2].

The market response has been overwhelmingly positive, with OKB’s price trajectory reflecting strong demand and a perception of improved scarcity. The token’s recent gains have outpaced many of its peers, reinforcing its role as a leading token within the crypto exchange ecosystem. Investors are closely watching OKX’s next steps, particularly how the supply cap and X Layer upgrades will impact the token’s long-term utility and adoption [4].

Source:

[1] Mitrade - https://www.mitrade.com/au/insights/news/live-news/article-3-1035915-20250813

[2] CoinGlass - https://www.coinglass.com/ru/news/532770

[3] CoinGlass - https://www.coinglass.com/ru/news/532837

[4] Coinpedia - https://coinpedia.org/

[5] X - https://x.com/cryptorank_io?lang=en