🚀 OKB Token Skyrockets 180% as OKX Prepares Massive Token Burn – Here’s Why Traders Are FOMOing

OKX's native token just went parabolic—and the exchange hasn't even lit the match yet.

The burn factor: OKB's 180% pump comes days before OKX executes its quarterly token destruction spree, a mechanism crypto projects love to trot out when they need price action (and let's be real—when don't they?).

Supply shock playbook: Like clockwork, exchanges deploy buybacks and burns whenever markets need a dopamine hit. Binance did it with BNB, Crypto.com with CRO—now OKX is taking its turn at the deflationary roulette wheel.

Traders chasing ghosts: The rally suggests speculators are front-running the burn, betting scarcity theatrics will push OKB past its ATH. Because nothing fuels crypto like a good old-fashioned supply squeeze narrative.

Just remember: When the music stops, someone's always left holding the bag. But for now? The FOMO is real.

OKB Token Burn

The official announcement notes that over 65.25 million OKB tokens will be burned permanently on August 15, as a part of its long-standing burning program. The exchange aims to burn nearly 96% of the total OKB supply and shrink it from 300 million to 21 million, mirroring Bitcoin’s total supply. 

Since May 2019, a total of 213.74 million OKB tokens have been burned and another 65 million tokens will be erased from total supply on Friday, marking completion of its target of 279 million of total token burns. 

In the blockchain landscape, burning is a method used to remove excessive token supply from the market. This technique generally involves sending a certain amount of tokens to a dead-blockchain address from which tokens can never be recovered. 

OKX’s Major Step Towards Border Ecosystem

With these latest moves, OKX exchange is taking major steps towards building a prominent ecosystem, consisting of a crypto exchange, a layer 2 blockchain, crypto wallet as well as retail crypto payment app, and various other platforms. 

Also Read: PUMP Price Jumps 15% as Pump.fun Buys Back $33 Million Token