{"id":41902,"date":"2025-08-13T09:17:30","date_gmt":"2025-08-13T09:17:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41902"},"modified":"2025-08-13T09:17:30","modified_gmt":"2025-08-13T09:17:30","slug":"okx-slashes-okb-token-supply-by-50-with-7-6b-burn-price-surges","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41902","title":{"rendered":"OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges"},"content":{"rendered":"
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OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB<\/a>, cutting the supply by more than 50%.<\/p>\n

Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into bitcoin (BTC). The burn, or sending the tokens to a wallet address that can’t be accessed, was carried out from OKX\u2019s reserves and represents one of the largest deflationary events in exchange token history.<\/p>\n

The effect of the burn was instant. OKB jumped to $142 from $46 before retrenching to about $102. Trading volume skyrocketed 13,000% to $723 million as traders attempted to capitalize on the supply shock.<\/p>\n

\"OKB\/USD<\/p>\n

The strategy mirrors that of BNB, the token of BNB Chain, which is associated with rival exchange Binance. That undergoes quarterly burns that often precede short-term rallies.<\/p>\n

Supporting that narrative, OKB\u2019s turnover ratio, a measure of trading activity relative to supply, spiked from 0.03 pre-announcement to 0.093, signaling heightened speculative and strategic positioning.<\/p>\n

Sustained price momentum will depend on whether OKX can continue to drive adoption of its X Layer blockchain, of which OKB is the native token. To that end, the exchange plans to increase transaction speed and reduce gas prices, according to a blog post<\/a>. It will also be phasing out Ethereum-based OKB tokens, which can now be redeemed for X Layer versions.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%. Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41902","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41902"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41902\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}