OKX Announces Massive Coin Burn, Boosting OKB Value Dramatically
Main Idea
OKX announced a massive coin burn of 65.26 million OKB, leading to a significant price surge and plans to fix the total supply at 21 million, alongside updating the OKB smart contract.
Key Points
1. OKX will burn approximately 65.26 million OKB coins accumulated from past buybacks, causing a 170% price increase to $137 within a day.
2. The total supply of OKB will be permanently fixed at 21 million after the burn, setting definitive supply-side parameters.
3. OKX plans to update the OKB smart contract in parallel with the coin burn.
4. Following the announcement, OKB's price peaked at $137 but later adjusted to $118.04, still reflecting a 155.45% 24-hour rise.
5. Existing OKT coins will be converted to OKB based on the average closing prices between July 13th and August 12th, 2025, with OKTChain continuing operations until January 1, 2026.
Description
OKX will burn 65.26 million OKB, capping supply at 21 million coins. This burn led to a 170% surge in OKB's price, reaching up to $137. Continue Reading: OKX Announces Massive Coin Burn, Boosting OKB Value Dramatically The post OKX Announces Massive Coin Burn, Boosting OKB Value Dramatically appeared first on COINTURK NEWS .
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