BITPRISMIA
OKX's OKB token experienced a 160% price surge following a burn of 65.25 million tokens, highlighting the impact of supply reduction on cryptocurrency valuations.
OKX announced a one-time burn of 65.25 million OKB tokens, reducing the total supply to 21 million, which led to an immediate price surge and is part of a strategic move to enhance the token's long-term value.