🚀 OKX Ignites Market Frenzy: 65M OKB Torched in Record Burn, Price Rockets 170%

Hold onto your ledgers—OKX just dropped a deflationary nuke. The exchange vaporized 65 million OKB tokens in a single burn, triggering the mother of all price rallies.

Supply Shock Sends OKB into Stratosphere

That 170% surge wasn't magic—it's basic econ 101. Fewer tokens in circulation means each remaining OKB suddenly got a lot more valuable. Who knew artificial scarcity could be so profitable?

The Burn Heard 'Round Crypto Twitter

Traders are losing their minds over the move. Some call it genius market manipulation. Others see it as proof that exchanges have become better at playing the Ponzi game than actual Ponzi schemers.

Just don't ask what happens when the music stops—we're all too busy counting paper gains to care.

TLDR

• OKX burns 65 million OKB tokens, capping total supply at 21 million, causing a 170% price surge.

• OKX plans to shut down OKTChain and convert OKT to OKB tokens based on average market prices.

• OKX also upgrades X Layer with Polygon CDK, increasing transaction speeds to 5,000 TPS.

• The move aims to enhance OKB’s utility within the OKX ecosystem and attract long-term adoption.

OKX has announced a significant tokenomics overhaul, including the permanent burn of 65.26 million OKB tokens. This burn, which will reduce the total supply of OKB to 21 million tokens, has already resulted in a surge of 170% in the token’s price. The update is part of a broader strategy to reshape the OKX ecosystem, enhance utility, and attract long-term investors.

The decision to burn such a large amount of tokens follows OKX’s review of its business and market conditions. By permanently limiting the supply of OKB, the company is aiming to create a more scarcity-driven model for its token, similar to other major cryptocurrencies that operate with fixed supplies.

Changes to OKB Supply and Conversion of OKT Tokens

In addition to the burn, OKX also introduced changes to its blockchain and token structure. The platform will cap OKB’s total supply at 21 million, a significant step in ensuring the token’s value remains aligned with its use within the OKX ecosystem.

Furthermore, the exchange announced the discontinuation of OKTChain, with plans to convert existing OKT tokens into OKB tokens. The conversion will be based on the average closing prices from July 13 to August 12, 2025.

The phase-out of OKTChain is expected to be completed by January 1, 2026, with the trading of OKT tokens halting on August 13, 2025. The conversion aims to streamline the ecosystem and make OKB the sole token for operations within the OKX network.

OKX Enhances X Layer for Greater Efficiency

Alongside the token burn and conversion of OKT, OKX has upgraded its X Layer public chain. Integrated with the Polygon CDK, this upgrade increases the throughput of the network to 5,000 transactions per second (TPS), a significant boost to transaction speeds.

Additionally, gas fees have been reduced to negligible levels, improving the overall user experience and making the platform more efficient for both developers and users.

The update to X LAYER is part of OKX’s strategy to enhance the ecosystem’s performance and scalability. The focus of X Layer’s ecosystem will include decentralized finance (DeFi), global payments, and the issuance of real-world assets. The upgrade will also provide better support for cross-chain bridges, oracles, and integrated compliance tools, which are critical to OKX’s vision of a robust, interoperable network.

Market Reaction and Outlook for OKB

The announcement of the token burn and other ecosystem upgrades led to an immediate market reaction, with OKB briefly surging to $134 before stabilizing around $129. Market trackers like CoinGecko recorded a 159% price increase in just 24 hours, with the weekly gain for OKB sitting at over 165% by press time.

This dramatic rise in OKB’s price reflects the market’s positive reception to the structural changes and the future utility of the token within the OKX ecosystem. However, future performance will likely depend on the widespread adoption of X Layer and sustained demand for OKB’s utility in the network.

The upgraded tokenomics, along with the enhanced network infrastructure, position OKB for potential long-term growth. However, continued price stability will hinge on the adoption rates of OKX’s new blockchain offerings and their ability to attract more users to the platform.