OKX Burns 65 Million Tokens, Driving OKB Price Surge

OKX exchange executed a major token burn event on August 13, 2025, removing 65.26 million OKB tokens worth $7.6 billion from circulation. This resulted in a significant price increase for the OKB token, leading to a surge of over 200%, reaching $142. The burn directly impacted OKB’s market dynamics and trading volumes. The increased activity is attributed to this strategic move by OKX. While the impact on broader crypto markets like Bitcoin and Ethereum remains minimal, experts are observing the effects of such supply adjustments on exchanges. These events also highlight a potential shift in how exchanges approach their tokens.