{"id":41914,"date":"2025-08-13T10:02:02","date_gmt":"2025-08-13T10:02:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41914"},"modified":"2025-08-13T10:02:02","modified_gmt":"2025-08-13T10:02:02","slug":"massive-token-burn-sends-okb-skyrocketing-130-to-new-ath","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41914","title":{"rendered":"Massive Token Burn Sends OKB Skyrocketing 130% to New ATH"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">OKB tapped $135, its highest price ever, before pulling back 11% within the hour.<\/span><\/li>\n<li style=\"font-weight: 400;\">One-time burn of 65M OKB reduced supply to 21M, fueling a rapid price surge and a record high.<\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">RSI at 94.73 shows strong buying pressure, while the Balance of Power reading favors bullish market control.<\/span><\/li>\n<\/ul>\n<h2><b>Price Jumps on Token Burn and Upgrade<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">OKB stole the show today after a massive triple-digit surge that drove it to a new all-time high of $135. This spectacular rally has materialized mostly in the past day as OKB\u2019s weekly and monthly gains are similar to today\u2019s surge.\u00a0<\/span><\/p>\n<p>The total trading volume has risen to over $2.2 billion, according to CoinGecko data. Although OKB has retraced since its peak, it\u2019s still 132% up daily and sits well above $100.<\/p>\n<p><span style=\"font-weight: 400;\">Perhaps the most probable reason behind the token\u2019s surge is OKX\u2019s decision to burn more than 65 million OKB in a one-time event. After the burn, the total supply will stand at 21 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OKX also <\/span><a href=\"https:\/\/www.okx.com\/help\/announcement-on-the-pp-upgrade-of-x-layer-and-optimisation-of-the-okb-gas?channelid=ACEAP6502255\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> an upgrade to X Layer, its zkEVM blockchain built with Polygon. The change, called the PP upgrade, adds new Polygon CDK features. Throughput will rise to 5,000 TPS, gas fees will drop, and Ethereum compatibility will improve. X Layer will link with OKX Wallet, OKX Exchange, and OKX Pay for features such as gasless withdrawals.<\/span><\/p>\n<h2><b>Token Structure and Chain Changes<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">OKTChain will be retired, and OKT trading will end on August 13, 2025. Remaining tokens will convert to OKB on August 15 using an average price. The chain will remain open for deposits until January 1, 2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">OKB stays as the native gas token for X Layer. The Ethereum L1 version will be phased out. Holders must bridge tokens to X Layer before L1 withdrawals are closed. Plans also include an ecosystem fund, liquidity rewards, and upgrades to bridges, oracles, and compliance systems.<\/span><\/p>\n<h2><b>Technical Readings and Trader View<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">RSI is at 95, which shows strong buying pressure and an overbought market. Such levels are uncommon but can last when moves are driven by news.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Balance of Power is 0.62, showing buyers have control. High readings like this often appear during periods of heavy accumulation.<\/span><\/p>\n<figure id=\"attachment_408403\" aria-describedby=\"caption-attachment-408403\" style=\"width: 2390px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-408403\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23.png\" alt=\"OKB price chart\" width=\"2390\" height=\"1120\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23.png 2390w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-300x141.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-1024x480.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-768x360.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-1536x720.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-2048x960.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/OKBUSDT_2025-08-13_12-51-23-50x23.png 50w\" sizes=\"auto, (max-width: 2390px) 100vw, 2390px\"><\/a><figcaption id=\"caption-attachment-408403\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Trader Efloud said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cPerhaps I am a market maker. I don\u2019t know yet\u2026 we need to enjoy our profits.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">He had earlier noted that a pullback into the $43.3\u2013$42.4 range would have him watching for a bullish structure on lower timeframes.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24OKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$OKB<\/a> | Update<\/p>\n<p>Nothing much to say.<br \/>\nCheck quoted post, then check this one.<\/p>\n<p>My standards are high but this rise has surpassed even me.<br \/>\nPerhaps I am a market maker. I don\u2019t know yet.<\/p>\n<p>The only thing I know is that we need to enjoy our profits <a href=\"https:\/\/t.co\/wBJIbafSqK\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/wBJIbafSqK<\/a> <a href=\"https:\/\/t.co\/jMva60gVXR\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/jMva60gVXR<\/a><\/p>\n<p>\u2014 Efloud (@EfloudTheSurfer) <a href=\"https:\/\/twitter.com\/EfloudTheSurfer\/status\/1955546266487886205?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/massive-token-burn-sends-okb-skyrocketing-130-to-new-ath\/\">Massive Token Burn Sends OKB Skyrocketing 130% to New ATH<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR OKB tapped $135, its highest price ever, before pulling back 11% within the hour. One-time burn of 65M OKB reduced supply to 21M, fueling a rapid price surge and a record high. RSI at 94.73 shows strong buying pressure, while the Balance of Power reading favors bullish market control. Price Jumps on Token Burn [&hellip;]<\/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-41914","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\/41914","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=41914"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41914\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}