OKB Is Now as Scarce as Bitcoin After the Massive $7.3 Billion Token Burn

• OKB’s massive $7.3B token burn creates scarcity, fueling rapid price acceleration
• New X Layer blockchain makes OKB the exclusive gas token, boosting long-term utility
• Despite bullish momentum, RSI near 93 signals risk of short-term correction ahead

The OKB token has become one of the most talked-about assets in the crypto market after skyrocketing from roughly $47 to more than $180 in just over a week, a surge of over 300%. 

Investors are now watching closely to see if this is the start of a sustained rally or just a short-term spike. What’s clear, however, is that a perfect storm of a supply crunch, ecosystem upgrades, and a massive expansion in utility has fueled this dramatic run.

Tokenomics 101: OKB’s Supply Shock

The most significant trigger came on August 13, when OKX executed a massive token burn. Over 65 million tokens, valued near $7.3 billion, were permanently removed from circulation. With the supply now capped at 21 million, OKB joins Bitcoin in the scarcity category. 

This move created a sudden and severe supply shock, leaving far fewer tokens available on the market just as demand began to pick up. Adding to the pressure, the migrat…

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