OKB Soars 170% After Massive Token Burn and Major OKX Overhaul

OKB surges 170% after OKX announces token burn and supply overhaul.

Fridah Kangai
August 14, 2025
3:00 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

OKB price jumps 170% following major tokenomics overhaul announcement.
OKX burns millions of OKB tokens, fixes supply at 21 million.
OKTChain is set to phase out, impacting OKB’s future growth.

OKB, the native token of the OKX cryptocurrency exchange, saw a remarkable surge in its value following the announcement of a significant overhaul to its tokenomics model. The price of the token increased by 170 percent, to $124, early Wednesday morning, rocking the market. This was following an announcement by OKX that it would burn a total of about 65.26 million OKB tokens in a single-time burn pool, which it had been amassing over the years during buyback programs and kept in company reserves.

This step by the exchange to burn this tremendous amount of tokens signals a significant change in its strategy. After the burn has occurred, the total supply of OKB will be limited to 21 million tokens. This is done to lower inflationary pressures and establish a more stable environment for the token. Besides the burn, OKX will upgrade the OKB smart contract, removing minting functionality and the option to manually burn tokens. All this is aimed at strengthening OKB as a more secure and predictable asset.

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Strategic Moves to Stabilize OKB’s Value and Secure Long-Term Growth

Part of the overhaul will also see OKX shut down OKTChain, a blockchain that has been in its ecosystem. The current OKT tokens will be exchanged for OKB tokens at the rate based on the average closing price on July 13 and August 12, 2025. OKTChain will continue operating until January 1, 2026, which will give users sufficient time to adapt to future changes.

Such developments reflect OKX’s overall plan to increase OKB’s utility and value in its ecosystem. The decrease in the token’s supply in circulation and the elimination of the chance of future minting will help make OKB a valuable asset to long-term holders, as OKX is trying to do.

The changes immediately drove a rapid price surge, as reflected in OKB’s significant and swift increase. A more regulated supply and increased consumer trust in the market promise a brighter future for OKB’s growth. The exchange’s decisions indicate that it is fully determined to improve the token and its position in the international crypto market.

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