OKX Makes History with $26 Billion OKB Token Burn, Emulating Bitcoin’s Scarcity Model

In a groundbreaking move, OKX has executed one of the largest token burns in cryptocurrency history, destroying 278,999,999 OKB tokens worth approximately $26 billion. This strategic reduction aims to emulate Bitcoin's scarcity model by slashing the total circulating supply from 300 million to 21 million tokens. The burn has already triggered a significant price surge, doubling OKB's value post-event. Etherscan data confirms the permanent removal of tokens, including an earlier $7.6 billion burn, marking a pivotal moment for OKX and the broader crypto market.

OKX Burns $26 Billion Worth of OKB Tokens in Historic Move

OKX executed one of the largest token burns in cryptocurrency history, destroying 278,999,999 OKB tokens worth approximately $26 billion. The exchange aims to emulate Bitcoin's scarcity model by reducing the total circulating supply from 300 million to 21 million tokens.

The burn triggered a price surge, doubling OKB's value post-event. Etherscan data confirms the permanent removal of tokens, including an earlier $7.6 billion buyback burn. OKX has disabled minting capabilities, ensuring no new tokens can enter circulation.

OKB Rally Accelerates as $26 Billion Token Burn Fuels $160 Target

OKB has broken free from its downtrend, surging 153% weekly as Bitcoin's upward momentum spills over into altcoins. The token now trades at $117.28 with $100 established as firm support, while bulls eye the $150-$160 range.

Exchange operator OKX executed one of crypto's largest token burns, permanently destroying 278,999,999 OKB worth $26 billion at current prices. This supply shock coincides with renewed market interest, driving 24-hour trading volume up 64% to $482 million.

The burn mechanism underscores OKX's commitment to tokenomics designed for long-term appreciation. With market capitalization now at $2.46 billion, OKB's scarcity premium grows as circulating supply dwindles.