OKB Kolo 90% on Top Burn 93% plus X Layer Migration
OKB jump pass 90% for one week afta OKX don complete 93% token burn plus migrate 90% of OKB go dia new X Layer network. Di burn remove about 65 million OKB, cut supply down to half and set total supply limit for 21 million. Trading volume for spot jump go $7.7 billion in 24 hours, futures volume waka up 396% to $200 million, plus open interest increase 195% to $17.5 million. On-chain metrics dey show say demand and social activity dey rise. Technically, OKB dey trade for ascending channel between $167 and $195, get support for $150–155 and resistance at $200/$250. RSI of 92 show say e overbought but still confirm say momentum dey bullish. X Layer upgrade wey Polygon zkEVM power dey boost OKB role as only gas token plus improve ecosystem utility. Traders go watch if OKB fit maintain current levels or break main resistance waka with ongoing US IPO speculation.
Bullish
The combined effects of big token burn wey don reduce supply by over 90%, high trading and futures volume spikes, plus rollout of the X Layer upgrade don drive strong buying interest, lead to short-term price rallies. The technicals like rising price channel and RSI of 92 dey confirm bullish momentum despite overbought conditions. For long term, the capped supply model, enhanced utility as the only gas token, and potential US IPO dey support sustained demand and market stability, supporting more upside for OKB.