OKB crypto rallies 221% – Mapping its path to $148 ATH

Key Points

1. OKB's price surged from $46 to $148.9 (221% increase) after OKX announced a one-time burn of 65.2 million tokens and capped total supply at 21 million.

2. OKX also upgraded its Ethereum Virtual Machine (zkEVM) with Polygon CDK technology, increasing throughput to 5000 TPS and reducing gas fees to near zero.

3. Active Addresses for OKB reached a yearly high of 1.81K, and Price-DAA Divergence turned positive, indicating growing network activity and potential for further gains.

4. OKB's Spot Netflow surged to an all-time high of $41 million, but Stock to Flow Ratio dropped to near zero, signaling increased selling pressure.

5. Technical indicators like RSI (94) and Stochastic RSI (95) showed OKB was in overbought territory, raising questions about whether it can sustain its recent gains.