OKX Burns $7.6 Billion Worth of OKB, Fueling Price Surge to Record Highs

Cryptocurrency exchange OKX has permanently destroyed nearly $7.6 billion worth of its native OKB tokens, reducing the circulating supply by more than half. This dramatic action, which saw 65.26 million OKB tokens burned in a single event, has triggered a price surge for the token and sent it soaring to record highs. This marks one of the largest deflationary events ever witnessed within the realm of exchange tokens.