OKB Skyrockets 160% After Major Token Burn & Supply Adjustment

OKX has implemented a significant token burn of 65 million OKB tokens, permanently reducing its supply to 21 million. This move, coupled with the integration of the X Layer blockchain upgrade, contributed significantly to a 160% surge in OKB’s price, reaching $135 before stabilizing around $110-$112. This strategic action aligns OKB’s supply model with Bitcoin and fosters market engagement by introducing scarcity.