OKX Shuffles its Strategy: OKB Surges After Locked Supply and OKTChain Phase-Out

OKX, the global cryptocurrency exchange, has caused significant market impact by implementing a series of strategic changes that have propelled the price of its native token, OKB. This includes a permanent lock on over 21 million OKB tokens, effectively removing existing supply minting capabilities from smart contracts. The move resulted in an immediate price surge of over 160%, pushing OKB to a new all-time high. OKTChain will be phased out, and holders can trade their OKT tokens for a predetermined average price near $47 based on July 13th to August 12th, 2025 calculations.