OKB Soars 170%+ as OKX Burns 65M Tokens—Supply Shock Sends Traders into Frenzy

When exchanges play the scarcity card, markets listen—then FOMO.

OKX just pulled off the crypto equivalent of a corporate buyback, torching 65 million OKB tokens in a single move. The result? A jaw-dropping 170% price surge that left even degens blinking at their screens.

Supply Shock 101

Fewer coins in circulation + same demand = rocket fuel for prices. Basic economics—unless you're a central banker.

The Aftermath

Trading volumes went parabolic as speculators piled in, proving once again that nothing gets crypto hearts racing like artificial scarcity. Meanwhile, Bitcoin maximalists muttered about 'distractions' while checking their portfolios.

Finance's oldest lesson, repackaged for the blockchain age: When someone tells you they're 'creating value' by destroying assets, hold onto your wallet—and your skepticism.