US EditionOKB Token Price Surges 200% as Supply Slashed by 50%
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20 Articles
OKB Token Price Surges 200% as Supply Slashed by 50%
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 into bitcoin (BTC). The burn, or sending the tokens to a wallet address that can't be accessed, was carried out from OKX’s reserves…
OKX's OKbCryptocurrency experienced a 205% drop this Wednesday (13). The appreciation is linked to a burn of 65.2 million coins. In a press release, the broker announced the abandonment...
OKB, the native token of OKX, jumped by almost 160% in a single day after the platform announced major changes in its blockchain ecosystem and tokenomics, including a huge one-off removal of tokens and a maximum fixed offer. The price of OKB increased from about $45 to $135 on Wednesday, following the announcement that OKX would permanently withdraw 65 256 712 OKB from the traffic. The removal, resulting from historical buybacks and treasure res…
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