by: xpoolPosted on:

OKX Executes Massive Token Burn, Shrinking Supply by 65%

Crypto exchange OKX has taken a bold move by burning 278,999,999 of its native OKB tokens. This action, valued at over $26 billion, aims to significantly reduce the circulating supply of OKB tokens, as the company took measures to shrink the total token count from 300 million to just 21 million. The move led to a substantial price jump in OKB, exceeding $120 before settling around $96.

Related posts:

  1. OKX Shuffles its Strategy: OKB Surges After Locked Supply and OKTChain Phase-Out
  2. OKX Takes Bold Step: Permanently Burning 65 Million OKB to Boost Native Token’s Value
  3. OKX Executes Massive Token Burn, Driving OKB Price Surge
  4. OKX Burns $26 Billion Worth of Tokens, Reducing Supply by 95%