Étienne Girard
OKB, the native cryptocurrency of the OKX exchange, has experienced a stunning 170% price rally, reaching $124 after the platform revealed a massive tokenomics upgrade.
The exchange confirmed that it will permanently burn 65.26 million OKB tokens, cutting the total supply to a fixed cap of 21 million. These tokens, accumulated through previous buyback initiatives and stored in OKX reserves, will be destroyed in a one-time burn event.
As part of the overhaul, OKX will upgrade the OKB smart contract, removing all capabilities for new token minting and manual burns. This move is designed to lock in supply permanently, making OKB scarcer and potentially more valuable over time.
Market reaction was immediate — traders quickly pushed OKB’s price into triple-digit territory, signaling strong investor confidence in the new tokenomics model.
OKTChain to Shut Down, Tokens to be Converted
The announcement also confirmed the shutdown of OKTChain. Existing OKT tokens will be converted into OKB at an exchange rate based on the average closing prices between July 13 and August 12, 2025. OKTChain will remain operational until January 1, 2026, giving users time to transition.
