News with the tag "OKB"

OKX exchange conducted a massive burn of 279 million OKB tokens to enhance the token's scarcity and value, as part of its deflationary tokenomics strategy.

The article discusses recent price movements and potential gains for cryptocurrencies XRP, Sei, and OKB, highlighting their performance, technological advantages, and market trends.

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.