OKB Soars 160% After Major Token Burn and X Layer Upgrade

OKX’s native token, OKB, experienced a dramatic surge of over 160% in value within a single day following the platform’s announcement of significant changes to its blockchain ecosystem and tokenomics. The price jump was driven by the platform’s decision to burn over 65 million OKB tokens from circulation and cap the total supply at 21 million, according to official statements. This move left traders optimistic about the future of the exchange’s native token.