OKX Slashes OKB Supply by 86% in $7.6B Burn, Price Surges 200%

OKX, one of the leading cryptocurrency exchanges, executed a massive token burn of 65.25 million OKB tokens, reducing the total circulating supply from 300 million to 21 million, a cut of over 86%. The burn, valued at $7.6 billion based on market prices at the time of the event, was confirmed by blockchain records as a singular and permanent supply adjustment [1]. The move, announced on August 13, 2025, aimed to enhance the scarcity and long-term value of OKB while also reinforcing confidence in the token’s deflationary model.

The market responded with immediate volatility, as OKB surged over 200% in the days following the burn, reaching an all-time high of $142 before retreating to consolidate around $102 [4]. This price action aligns with broader trends in the crypto market where sudden supply shocks are often met with sharp, short-term price reactions. Researcher Hasu noted that the market tends to overestimate the actual circulating supply of many tokens, and the abrupt reduction in OKB’s supply has only intensified investor sentiment around its scarcity [2].

To further solidify the new tokenomics model, OKX removed the minting function and manual coin burns from OKB’s smart contract, eliminating supply-side uncertainties. The affiliated blockchain network, OKTChain, is scheduled to be decommissioned by January 1, 2026, with OKT tokens being converted to OKB based on the average closing prices between July 13 and August 12 [1]. This step centralized the ecosystem’s asset value under a single token, streamlining utility and reducing fragmentation.

The token burn is part of a broader strategic initiative at OKX, which also includes the launch of the X Layer blockchain to expand OKB’s utility within the ecosystem [6]. These coordinated updates signal a shift toward long-term value creation and infrastructure development, positioning OKB not just as a governance or utility token, but as a foundational asset in OKX’s evolving platform.

Analysts have highlighted the significance of OKX’s move in shaping market expectations around token supply management. By permanently capping OKB’s supply, OKX is sending a strong signal to investors that the token is becoming increasingly scarce and potentially more valuable over time [5]. However, opinions remain divided on the sustainability of the price surge. While some analysts expect continued demand to support OKB’s value, others caution that long-term success will depend on the adoption of OKB within the OKX ecosystem and broader market conditions [8].

OKB’s on-chain market capitalization now stands at approximately $2 billion, a figure that reflects the combination of reduced supply and increased demand. As the crypto market continues to evolve, OKX’s approach to tokenomics and supply management may serve as a model for other projects seeking to enhance value through deflationary mechanisms.

[1]OKB Token Price Surges 200% as Supply Slashed by 50% (https://www.coindesk.com/business/2025/08/13/okx-slashes-okb-token-supply-by-50-with-usd7-6b-burn-price-surges)

[2]OKX's native token soars to all-time high after massive ... (https://www.msn.com/en-us/money/other/okxs-native-token-soars-to-all-time-high-after-massive-token-burn/ar-AA1Ks7dm)

[4]OKB's $7.6B Token Burn Ignites Massive Surge, But Can It ... (https://www.xt.com/en/blog/post/okbs-7-6b-token-burn-ignites-masive-surge-but-can-it-last)

[5]Why OKB/USDT price soared 2x today? Is it because of their ... (https://x.com/i/grok/share/FGBLAcmwPscn7eH7Pd2V1uNJR)

[6]OKB Price Surges 129% in a Day, Is a Drop to $103 ... (https://coinpedia.org/price-analysis/okb-price-surges-129-in-a-day-is-a-drop-to-103-imminent/)