The post OKB Token Price Soars 180% After $7.3B Burn appeared first on Coinpedia Fintech News
The crypto market has been buzzing with major moves, and OKB, the utility token of the OKX exchange, is leading the charge. While Solana crossed $200 and made headlines, OKB went a step further with a jaw-dropping 180% rally.
This surge was not by chance but driven by a perfect mix of supply reduction, ecosystem upgrades, and investor demand that has pushed the token to new heights.
OKB Token Price Strengthened by X Layer Upgrade
On August 13, OKX carried out one of the largest token burns ever seen in crypto. A massive 65 million OKB, valued at $7.3 billion, were permanently removed from circulation. This wiped out over half the supply, instantly making the token scarce. The effect was immediate, with OKB’s trading volume soaring nearly 19,000 percent within 24 hours. Many analysts compared this move to Bitcoin’s fixed supply model, which has historically been one of the strongest drivers of its growth.
Adding to the supply shock, OKX rolled out its “PP Upgrade” on X Layer, a Polygon-powered blockchain. The upgrade allows up to 5,000 transactions per second at almost zero cost, making it one of the most efficient systems in the space. With all OKX services, including its wallet, exchange, and payment platforms- shifting to this system, OKB is positioned as the backbone of the entire ecosystem, giving the token stronger real-world utility.
OKX also announced the retirement of its Cosmos-based OKTChain, with around 1.3 million OKT tokens set to be swapped into OKB. This move adds more buying pressure and consolidates users under a single ecosystem. While the swap ratio could cause short-term volatility, analysts believe the long-term impact is bullish as it channels more liquidity into OKB.
OKB Price Prediction Amid OKT Migration
At press time on Thursday, OKB edged higher by 9%, extending its 42 percent gains from the previous day and touching a new all-time high of $195. Bulls are now eyeing the $200 milestone, which also marks the R2 pivot breakout. A strong close above this level could push the price toward the R3 pivot at $255.
Technical indicators support this momentum. The Money Flow Index sits at 73.58, reflecting heavy inflows. The MACD shows steep upward momentum, while the RSI at 84 highlights strong demand but also warns of overbought conditions. A reversal from $199 could see a retest of support near $158.
With a record-breaking supply burn, powerful ecosystem upgrades, and rising investor interest, OKB has entered a new growth phase. If demand continues and bulls defend key levels, the token could break the $200 barrier and even push toward $255. However, overbought signals also suggest traders should watch for profit-taking in the short term.
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FAQs
OKB surged after a $7.3B token burn, ecosystem upgrades, and rising investor demand.
Future price depends on demand, utility growth, market trends, and OKX upgrades.
Analysts compare OKB’s supply burn to Bitcoin’s scarcity model, calling it bullish.
A breakout above $200 could push OKB to $255, though profit-taking may slow gains.
