A Massive 279 Million Tokens Vanish, Boosting Value?

A Massive 279 Million Tokens Vanish, Boosting Value?

The post A Massive 279 Million Tokens Vanish, Boosting Value? appeared on BitcoinEthereumNews.com. A truly significant event has recently unfolded in the cryptocurrency world, grabbing the attention of investors and enthusiasts alike. Whale Alert, a prominent blockchain tracking service, reported a colossal OKB burn event, where an astonishing 279 million OKB tokens were permanently removed from circulation by the OKX exchange. This massive OKX …

OKB’s $7.6B Token Burn Ignites Massive Surge, But Can It Last?

OKX to burn 65.26M OKB, slashing supply by half and locking the total at 21 million tokens. X Layer combines low fees and Ethereum compatibility while making OKB its sole gas payment token. A decisive break under $100 risks further declines toward $86 or even the $73 support zone. OKB, the utility token of crypto exchange OKX, has staged one of the most dramatic rallies — but its staying power is now under scrutiny. The surge began after OKX ann…