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Recently, the price of OKB rose dramatically from about $46 to a peak of $142, mainly due to a series of major strategic adjustments implemented by OKX exchange in mid-August 2025, including large-scale token burning, X Layer public chain upgrades, and ecological integration.
1. A one-time burning of 65 million OKB, permanently locking the supply at 21 million (( accounts for 52% of the total circulation), valued at approximately 7.6 billion USD, will permanently reduce the total supply from 300 million to 21 million, consistent with the total amount of Bitcoin❗
This move significantly reduces the market circulation, creating artificial scarcity and driving prices to soar. After the burning, the OKB smart contract will prohibit additional issuance or manual destruction, making it a deflationary asset similar to Bitcoin.
After the announcement, the OKB price surged by 112% within 25 minutes, with a rise of over 200% in 24 hours, and trading volume skyrocketed by 13,000%.
2. X Layer public chain has undergone a major upgrade, with a transaction speed increased to 5000 TPS (170 times that of Ethereum), Gas fees reduced to nearly zero, and Ethereum compatibility optimized.
3. Ecological Binding: Determined: OKB has been established as the only Gas Token for X Layer, and all on-chain transactions and contract interactions require the consumption of OKB, theoretically creating long-term demand.
4. User Conversion: OKX plans to bring 50 million exchange users into the X Layer ecosystem.
5. OKT chain retirement and token merger
Exchange OKT Token for OKB at a ratio of 1:9.5, concentrate resources on developing X Layer, focus on liquidity, eliminate internal competition, make OKB the only core token of the OKX ecosystem, and enhance market confidence.
6. Market sentiment drives
Institutions are paying attention, and some investors view OKB as a "deflation hedge asset," similar to the scarcity of Bitcoin.
7. Compliance and Listing Expectations
OKB has transformed from a "platform coin" to a "public chain Gas token," which may pave the way for OKX's IPO in the US. OKX has obtained licenses in Singapore and Dubai, and is actively expanding into the US market to enhance investor confidence.
Given the above reasons, it is recommended to enter the spot market for OKB when it pulls back to between 80 and 85, with potential for profit space❗