OKX Implements Historic $26B Token Burn, Adopts Bitcoin-Style Scarcity with 21M OKB Cap

In a groundbreaking move, OKX has executed one of the largest token burns in cryptocurrency history, permanently removing 279 million OKB tokens worth $26 billion from circulation. This strategic reduction slashes OKB's maximum supply from 300 million to just 21 million - deliberately mirroring Bitcoin's scarcity model. Simultaneously, the exchange decommissioned its OKTChain, converting remaining OKT holdings to OKB after burning an additional $7.6 billion worth of tokens. The dramatic supply shock immediately impacted market dynamics, positioning OKB as one of the most deflationary assets in the crypto space. This bold tokenomics overhaul demonstrates OKX's commitment to creating long-term value for OKB holders through artificial scarcity, while streamlining its ecosystem by retiring the OKTChain infrastructure. The 2025 restructuring marks a pivotal moment for OKX's native token, potentially reshaping its role in the exchange's growing decentralized finance offerings.

OKX Reshapes Tokenomics with $26B OKB Burn, Supply Capped at 21M

OKX executed one of the largest token burns in crypto history, permanently destroying 279 million OKB tokens worth $26 billion. The radical supply reduction slashes OKB's maximum circulation from 300 million to 21 million - mirroring Bitcoin's scarcity model.

The exchange simultaneously decommissioned its OKTChain, converting remaining OKT holdings to OKB after burning $7.6 billion worth of tokens. Market reaction was immediate: OKB prices briefly spiked 208% before stabilizing NEAR $96, with trading volume exploding 13,000% to $72 million.

This strategic pivot includes disabling minting functions in OKB's smart contract, permanently locking the new supply cap. The moves signal OKX's commitment to creating artificial scarcity while sunsetting underperforming chain infrastructure.