US Edition
OKB Token Price Surges 200% as Supply Slashed by 50%
20 Articles
20 Articles
OKB Token Price Surges 200% as Supply Slashed by 50%
OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%.Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into bitcoin (BTC). The burn, or sending the tokens to a wallet address that can't be accessed, was carried out from OKX’s reserves…
OKX's OKbCryptocurrency experienced a 205% drop this Wednesday (13). The appreciation is linked to a burn of 65.2 million coins. In a press release, the broker announced the abandonment...
OKB, the native token of OKX, jumped by almost 160% in a single day after the platform announced major changes in its blockchain ecosystem and tokenomics, including a huge one-off removal of tokens and a maximum fixed offer. The price of OKB increased from about $45 to $135 on Wednesday, following the announcement that OKX would permanently withdraw 65 256 712 OKB from the traffic. The removal, resulting from historical buybacks and treasure res…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
