OKB Token Price Rockets 128% After $7.6B Burn As OKX Caps Supply At Symbolic 21 Million

Key Points

1. OKB token price rose to $135.32 from $46 after OKX burned 65.26 million tokens, cutting total supply by over 50% and fixing max supply at 21 million.

2. The burn, worth $7.6 billion, was executed from OKX’s reserves, and the token settled at $100.40, marking a 128% daily gain.

3. OKX plans to upgrade its X Layer network, focusing on DeFi, payments, and real-world assets (RWA), integrating Polygon CDK for higher throughput (5,000 TPS) and lower fees.

4. X Layer will be integrated across OKX Wallet, Exchange, and Pay, enabling gasless withdrawals, while OKTChain will be phased out by 2026.

5. The burn strategy resembles Binance’s BNB token quarterly burns, which often precede price rallies.