OKB Surges 160–170% After $7.3B Burn Cuts Supply by 52%

OKX’s native token OKB experienced a dramatic price surge in early August 2025, following the largest token burn in the exchange’s history. On August 13, OKX permanently removed 65 million OKB tokens—valued at around $7.3 billion—from circulation, reducing the total supply by 52% and leaving only 21 million tokens outstanding. This significant supply contraction has reinforced OKB’s deflationary model, aligning it with scarcity-driven assets like Bitcoin and Binance Coin [3].

The burn is a pivotal step in the token’s economic evolution, driven by CEO Jay Hao and Chief Marketing Officer Haider Rafique, who emphasized that the move is designed to enhance OKB’s long-term value and utility. According to Hao, the burn aligns OKB with the world’s best scarcity models, creating opportunities for both institutional and retail investors [2]. The reduction in supply has already triggered a strong market response, with OKB’s price surging 160–170% in the days following the burn [5].

The impact extended beyond price. OKX reported a significant increase in trading volumes and on-chain activity, with 67% of the remaining OKB supply now concentrated among large holders. Analysts attribute this to not only the scarcity factor but also the broader ecosystem upgrades, including the migration of over 90% of OKB tokens to OKX’s X Layer blockchain. This new layer, compatible with zkEVM, offers faster transactions and near-zero fees, positioning OKB for future DeFi growth and on-chain utility [2].

On-chain data confirms the success of the burn, with OKB now exhibiting a scarcity-driven market dynamic similar to Bitcoin’s capped supply. The move has also drawn comparisons with Binance Coin’s past token burns, with historical precedent suggesting that deflationary mechanisms can drive long-term value appreciation for token holders [7].

Despite the bullish momentum, traders remain cautious about short-term volatility. The RSI has reached overbought levels, and some price prediction models suggest a potential pullback to $178 by August 22 before a retest of $190 by the end of the week [4]. However, the long-term outlook remains optimistic, with price forecasts extending into early 2026, including a target of $250, driven by the token’s reduced supply and ongoing ecosystem development [5].

OKX’s strategy is also strengthening its competitive position in the global crypto market. As one of the largest exchanges, OKX benefits from increased OKB demand through trading fee discounts, token sales, and staking incentives. The symbiotic relationship between the exchange and its native token has historically supported sustained price appreciation, particularly as the platform expands its DeFi and institutional offerings [6].

Analysts believe that continued growth in OKX’s user base and feature set—particularly in the DeFi space—could drive OKB toward the $250–$300 range by early 2026. However, any further price movement will depend on the token’s ability to maintain its supply cap and avoid new minting cycles, ensuring continued scarcity and investor confidence [7].

Source:

[1] BeInCrypto – How the OKB Token Burn Strategy Created a 400% Rally – https://beincrypto.com/okb-token-burn-strategy-outperform-altcoins/

[2] ICOBench.com – OKB Price Prediction – Supply Shock Triggers Breakout as Bulls Target $150 – https://icobench.com/news/okb-price-prediction-supply-shock-triggers-breakout-as-bulls-target-150/

[3] Coinpedia – OKB Token Price Soars 180% After $7.3B Burn – https://coinpedia.org/news/okb-token-price-soars-180-after-7-3b-burn/

[4] CoinUnited.io – OKB (OKB) Soars 41.25%—What’s Behind Today’s Massive Rally? – https://coinunited.io/learn/en/trading-strategies/okb-okb-soars-41-25-what-s-behind-today-s-massive-rally

[5] AInvest – OKB Soars 100% After $7.6B Burn and X Layer Upgrade – https://www.ainvest.com/news/okb-soars-100-7-6b-burn-layer-upgrade-2508/

[6] Mitrade – OKB Surges After OKX Cuts Supply with Massive Token Burn – https://www.mitrade.com/insights/news/live-news/article-0-1035815-20250813

[7] BeInCrypto – OKB Price Hits Record $195 After 93% Supply Burn—But … – https://beincrypto.com/okb-price-hits-record-195-after-supply-burn/