OKB Surges 190% After OKX Burns 65.26 Million Tokens

OKB, the native token of cryptocurrency exchange OKX, experienced a significant price surge of nearly 170% within an hour on August 13, 2025, following the platform’s announcement of a massive one-time token burn of 65.26 million OKB tokens [1]. The burn, drawn from past buybacks and reserves, permanently reduced the token’s circulating supply and capped it at 21 billion OKB [2]. During this period, OKB’s price jumped from approximately $47 to $126, marking a 172% gain within 24 hours [3]. Some reports noted a peak surge of 190% [9], with the token briefly reaching $142 before stabilizing near $110.

The burn significantly impacted market dynamics, reducing OKB supply by roughly 52%, and triggering a surge in trading activity and investor interest [4]. The move was accompanied by a major infrastructure upgrade known as the “PP upgrade” to X Layer, enhancing the network’s throughput to 5,000 transactions per second, reducing gas fees to near zero, and improving compatibility with Ethereum-based applications [5]. As part of the broader update, OKTChain was set to be phased out, with OKT trading ceasing on August 13 and automatic conversions to OKB beginning on August 15 [5].

The strategic burn and infrastructure improvements reflect OKX’s broader vision to establish X Layer as a leading blockchain for decentralized finance (DeFi), payments, and real-world asset (RWA) applications [6]. OKX also plans to support the ecosystem with liquidity incentives, cross-chain bridges, and compliance tools [6]. Analysts suggest these changes are likely to enhance OKB’s utility and scarcity, potentially attracting more investors and developers to the platform [7].

The token burn and price surge occurred amid OKX’s ongoing efforts to expand its global footprint. In July, the exchange partnered with PayPal to enable zero-fee crypto purchases in the European Economic Area and collaborated with Circle Internet Group to integrate USDC stablecoin support [8]. These moves aim to simplify access for retail users and ensure compliance with EU regulations.

The price surge of OKB exceeded initial expectations, signaling a strong commitment from OKX to long-term value creation for OKB holders [9]. While future price movements remain uncertain, the combination of supply reduction and technological upgrades positions OKB for continued market attention. The ecosystem’s success will likely depend on the adoption of X Layer and the platform’s ability to attract developers and users in the coming months.

Source:

[1] 99Bitcoins, https://99bitcoins.com/news/presales/okb-crypto-skyrockets-170-today-65m-supply-burnt-21m-left/

[2] CryptoSlate, https://cryptoslate.com/okb-price-explodes-over-170-after-okx-wipes-65-million-tokens-from-supply/

[3] FXStreet, https://www.fxstreet.com/cryptocurrencies/news/okb-surges-after-okx-cuts-supply-with-massive-token-burn-202508131007

[4] AInvest, https://www.ainvest.com/news/ethereum-news-today-okb-surges-133-okx-burns-6-5-billion-tokens-2508/

[5] CoinCentral, https://coincentral.com/okx-announces-historic-65-million-okb-token-burn-price-jumps-170/

[6] Yahoo Finance, https://uk.finance.yahoo.com/news/protocol-okx-slashes-native-token-171259692.html

[7] The, https://en.cryptonomist.ch/2025/08/13/okb-price-prediction-okx-announces-65m-token-burn/

[8] Cryptonews, https://cryptonews.com/news/okb-soars-after-okx-announces-65m-token-burn/

[9] Blockchain News, https://blockchain.news/flashnews/okb-surges-190-as-okx-executes-65-26m-token-buy-back-and-burn