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OKX Nukes $26B in OKB Tokens Forever—Total Supply Now Mirrors Bitcoin’s 21M Cap
OKX Nukes $26B in OKB Tokens Forever—Total Supply Now Mirrors Bitcoin’s 21M Cap
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In a move that’s got crypto traders buzzing, OKX just torched $26 billion worth of its native OKB tokens—permanently. Poof. Gone. The supply now sits at a hard-capped 21 million, a cheeky nod to Bitcoin’s scarcity playbook.
Why burn, not earn? While traditional finance hoards assets like dragons guarding gold, crypto’s deflationary mechanics keep things spicy. The burn slashes circulating supply, theoretically juicing demand—assuming the market doesn’t yawn and scroll past.
Will it pump the price? History says maybe. Token burns often trigger short-term rallies, but long-term value? That takes actual utility—not just arithmetic. Meanwhile, Wall Street still thinks 'blockchain' is a gym accessory.
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