OKB Surges 218% After Record 65M Token Burn and X-Layer Upgrade

The OKB token experienced a dramatic surge in late July and early August 2025, with daily gains reaching as high as 218%. The most immediate catalyst for this price action was a record-breaking token burn initiated by OKX, which removed 65 million OKB tokens from circulation, reducing the total supply by 50% and establishing a hard cap at 21 million tokens [1][2][3]. This supply reduction, framed as a strategic move to enhance token value, was widely interpreted as a confidence signal to investors and a long-term value proposition for OKB holders.

The burn coincided with the upgrade of OKX’s X-Layer network, which now supports up to 5,000 transactions per second at lower gas fees [4]. Analysts noted that the move not only reduced supply but also highlighted OKX’s commitment to scalability and real-world adoption, potentially expanding OKB’s utility beyond speculative trading [5]. Following the burn, OKB’s price surged to $143 on July 27, before consolidating around $115. Some reports noted a single-day increase of 87.74% to $86.58 [6], while mid-August saw the token surpass $115, with forecasts suggesting the R4 pivot level at $146 as a possible next target [7].

However, the rally has not been without risks. Over the past 24 hours, 553,000 OKB tokens were moved into exchanges, representing $58 million in inflows—a 36% increase [1]. This trend is often seen as a precursor to selling activity, especially after rapid price gains. Meanwhile, the top 100 OKB wallets collectively added over 299.93 million tokens to their holdings—a 25% increase—suggesting that large investors are preparing for potential market corrections [1].

Technical indicators show mixed signals. OKB’s price volatility has remained elevated, though weekly charts appear more stable. The token attempted to break above $142 but faced resistance, with $102 currently serving as a critical support level. If this level is breached, long positions between $106 and $102 could face unwinding, accelerating a downward trend [1]. The Chaikin Money Flow (CMF) has also declined, indicating that the recent rally may be driven more by news events than by sustained capital inflow [1].

Market analysts have highlighted a key long position of $1.1 million at $92.6, as per liquidation maps on BingX [1]. Should OKB’s price slip below this threshold due to selling pressure, it could trigger a cascade of liquidations, exacerbating the downward movement. If OKB manages to rise past $118, it could reverse bearish momentum and retest the $142 level. However, breaking below $102 would likely send the token toward the $90 and $78 support levels, indicating a swift and severe correction [1].

Despite the current enthusiasm, the long-term success of OKB remains tied to the adoption of the X-Layer and the broader health of the crypto market. While the token burn has driven short-term optimism, the sustainability of gains will depend on ongoing ecosystem development and institutional interest. Market observers are closely monitoring OKB’s performance, as it may reflect broader sentiment and macroeconomic conditions in the coming weeks [1][9].

Source: [1]OKX Slashes OKB Token Supply by 50% With $7.6B Burn ... (https://www.coindesk.com/business/2025/08/13/okx-slashes-okb-token-supply-by-50-with-usd7-6b-burn-price-surges)

[2]OKB Token Burn: OKX's Strategic Move Ignites Price Surge (https://coinstats.app/news/4705728cb22e21c9835f9cd45c1ae72c46889e853020bd1e830b8a4a0ff324f8_OKB-Token-Burn-OKXs-Strategic-Move-Ignites-Price-Surge/)

[3]OKB Token Surges 160% After 65M Burn and Supply Limit ... (https://www.ainvest.com/news/okb-token-surges-160-65m-burn-supply-limit-cap-2508/)

[4]OKB Token Burn​​ One of the biggest updates is the upgrade to the X-Layer network (https://www.ccn.com/analysis/crypto/okb-price-all-time-high-token-burn/)

[5]OKX's record-breaking $7.6 billion OKB burn halved the circulating supply and sparked triple-digit price spike (https://finance.yahoo.com/news/okx-slashes-okb-token-supply-090538685.html)

[7]To extend the rally, OKB should surpass the R3 pivot level at $122, making the R4 pivot level at $146 the next potential target (https://www.mitrade.com/insights/news/live-news/article-3-1037897-20250814)

[8]OKB Price Soars 160% But A Sell Wall Threatens Rally (https://beincrypto.com/okb-price-160-percent-rally-sell-wall-risk/)

[9]OKX burns 65 million OKB tokens, capping supply at 21 million. The announcement triggers a 170% price surge for OKB. (https://coincentral.com/okx-announces-historic-65-million-okb-token-burn-price-jumps-170/)