OKX Don Cap OKB Supply for 21M, Burn 65M & Shift to X Layer
OKX don make big change for dia tokenomics by burn 65.25 million OKB and limit OKB supply to 21 million. Dem comot minting and manual burn function dem, so e turn to deflationary model. OKT tokens go automatically convert to OKB for 1:9.5 ratio based on average price from July 13 to August 12 as dem dey phase out OKTChain. OKX dey move to X Layer, wey be Polygon-based zkEVM Layer 2 with 5,000 TPS and almost no gas fees, e dey integrated for them exchange, wallet, and payment services. The announcement make OKB price jump pass 200% inside one hour, e show say market dey positive. Traders suppose watch how OKB supply dey behave and how X Layer go take dey used, e fit make demand grow long term even if short term price fit dey jump up and down.
Bullish
Di OKB supply cap plus di 65M token burn dey show say na deflationary move wey cause price to jump 200%, meaning say the market get strong bullish vibe. Short-term traders come jolly as price rise sharp sharp, while long-term holders fit benefit from steady demand since supply no dey change. Di move go X Layer wey get 5,000 TPS plus almost zero gas fee dey add utility and fit bring DeFi plus RWA projects, wey go hold OKB value steady even if e get small wahala from market shakiness and regulation palava.