OKB Token Price Soars After $26B Burn Slashes Supply to 21 Million

As per multiple reliable sources, the OKB Token Price jumped dramatically after OKX executed a historic burn and launched major infrastructure upgrades. The move reshaped token scarcity and utility, sparking waves of interest from the crypto community.

Token Burn Reshapes Supply

OKX permanently removed 279 million OKB tokens, worth an estimated $26 billion, from circulation, slashing supply to 21 million and locking it in smart contract code. This is one of the sharpest token burns ever seen in crypto.

Earlier, OKX had burned 65.26 million OKB from its reserves, triggering early price gains. The smart contract upgrade now turns off any future minting or burning.

Price Reaction: Surge Meets Correction

The OKB Token Price responded immediately. It surged from mid-$40s to a new all-time high near $142.88, a 193% leap in a matter of hours.

Following the spike, prices pulled back into the $90–$100 range, which many analysts see as healthy consolidation.

Every week, OKB climbed more than 110%, showing strong momentum.

Price and Supply Snapshot (August 2025)

Metric	Value / Range	Source
All-Time High (ATH)	$142.88 (Aug 15, 2025)	BeInCrypto
Current Trading Price	$92.78	BeInCrypto
Weekly Gain	+110%	CoinSpeaker
Supply Burned	279 million OKB (~$26B)	The Block
New Total Supply Cap	21 million OKB	OKX
24h Trading Volume Surge	+13,000% to $723 million	CryptoNews

X Layer Upgrade Adds Real Utility

Right alongside the burn, OKX rolled out the PP upgrade to its X Layer. Built with Polygon CDK, the new chain now delivers up to 5,000 TPS, cuts gas fees to near zero, and improves Ethereum compatibility.

From this point on, OKB serves as the native gas token for all network activity across OKX Wallet, Exchange, and Pay.

Ecosystem Streamlining: Phasing Out OKTChain

As part of its strategy, OKX began shutting down the older OKTChain, stopping OKT trading on August 13 and scheduling full decommissioning by January 1, 2026.

OKT tokens are being converted to OKB at a fixed rate based on average market prices between July 13 and August 12. This consolidates the ecosystem under a single token and builds more liquidity around OKB.

Market Insight: What Experts Say

Analysts liken this tokenomic shift to Bitcoin’s scarcity model. CoinMarketCap called it a “rocket fuel scenario” while Wu Blockchain provided real-time burn data from Etherscan.

CryptoNews connected the burn to high trading volume over 13,000% increase with a $723 million spike shortly after the announcement.

Together, scarcity and utility deepened OKB’s real-world value.

Forecast: What to Watch Next

The OKB Token Price outlook depends on how users adopt X Layer. If DeFi, payments, or real-world asset use picks up, demand for gas tokens could remain strong.

Support holds near the $90–$100 zone, but traders should note overbought levels after such a rally. A re-test of $100 support might offer a new springboard.

Long-term value hinges on ecosystem usage, not just speculative demand.

Conclusion

Based on the latest research, the OKB Token Price reflects a historic moment. A massive burn, fixed supply, upgraded infrastructure, and ecosystem consolidation have placed OKB in a new league. While short-term swings remain possible, the combination of scarcity and utility underlines OKB’s rising significance in the crypto world.

For more expert reviews and crypto insights, visit our dedicated platform for the latest news and predictions.

Summary

Amid a shaken crypto space, the OKB Token Price surged dramatically after OKX burned millions of tokens and capped the supply at 21 million. Prices raced to $142.88 before settling near $93, primarily driven by the supply shock and a strong utility play. Money is flowing in both ways; some traders are offloading, while large holders are doubling down. With the X Layer upgrade and token burn combined, OKB now stands as a token with renewed strength and deeper ecosystem foundations.

Glossary of Key Terms

Token Burn: Permanent destruction of tokens to reduce supply.

Supply Cap: Fixed maximum number of tokens in circulation.

TPS (Transactions Per Second): A metric for measuring speed in blockchain networks.

Gas Token: Cryptocurrency used to pay transaction fees.

zkEVM: Zero-knowledge Ethereum Virtual Machine, enabling efficient, secure, brilliant contract execution.

FAQs on OKB Token Price

Q1: Why did the OKB Token Price jump so much?

Because OKX burned 279 million tokens, fixing supply at 21 million and boosting scarcity—sparking a nearly 200% surge.

Q2: What is OKX’s X Layer, and how does it affect OKB?

X Layer is a high-speed, low-cost blockchain (5,000 TPS) built with Polygon CDK. OKB is its native gas token, increasing token utility.

Q3: What’s happening with OKTChain?

OKTChain is being phased out by 2026. OKT is being converted into OKB at fixed rates. This simplifies token structure and centralizes liquidity.

Q4: Is the OKB Token Price still volatile after the burn?

Yes. Even with a fixed supply, price swings are common in crypto. OKB shows strong long-term potential, but traders should expect short-term ups and downs.

 

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