OKB Surges 108% as OKX Announces Token Burn and Fixed Supply Reduction

OKB's price has risen 108% this week due to OKX's plan to eliminate 65 million tokens through a one-time burn, reducing the fixed supply to 21 million. The move has created new supply-and-demand dynamics, and some investors may view OKB as a cheaper crypto hedge against inflation. However, caution is advised after such a big move, and it's still early to invest more than a speculative position.

OKB, the native token of cryptocurrency exchange OKX, has experienced a significant price surge of 108% this week, following the announcement of a one-time burn of 65.26 million OKB tokens. This move has reduced the total supply of OKB from 300 million to 21 million, aligning it with Bitcoin's hard cap of 21 million [1].

The burn, valued at $7.6 billion, was executed from OKX's reserves and has created a new supply-and-demand dynamic. The immediate effect was a 13,000% increase in trading volume, reaching $723 million, as traders reacted to the supply shock. OKB's price soared to $142 from $46 before retreating to around $102 [1].

The strategy mirrors that of Binance's BNB token, which undergoes quarterly burns. OKX's X Layer blockchain, which will fully transition OKB from Ethereum to X Layer, is expected to boost transaction speed, lower gas fees, and enhance Ethereum compatibility for developers [2]. This upgrade is part of a broader overhaul that includes phasing out OKTChain due to overlapping functionality, with trading of its native OKT token ceasing on August 13, 2025 [2].

Some investors may view OKB as a cheaper crypto hedge against inflation due to its scarcity model, similar to Bitcoin. However, caution is advised after such a big move, and it's still early to invest more than a speculative position [3].

The recent 192% price surge in OKB, peaking at $142 before settling near $102, has sparked interest among institutional investors. This surge is a result of OKX's aggressive tokenomics overhaul, combining scarcity with utility, and positioning OKB as a potential hedge against market volatility [4].

References:
[1] https://www.coindesk.com/business/2025/08/13/okx-slashes-okb-token-supply-by-50-with-usd7-6b-burn-price-surges
[2] https://zycrypto.com/okb-token-price-rockets-128-after-7-6b-burn-as-okx-caps-supply-at-symbolic-21-million/
[3] https://www.fool.com/investing/2025/08/14/why-cryptocurrency-okb-has-more-than-doubled-this/
[4] https://www.ainvest.com/news/okb-192-surge-tokenomics-burn-strategy-okx-layer-upgrade-2508/