OKX Burn 65M OKB to Cap Supply at 21M, OKB Sharply Jump 160%
OKX don run beta on top OKB tokenomics with one-time token burn of 65.26 million OKB from old repurchases plus reserves, lock total supply for 21 million and remove mint and burn functions from smart contract. The exchange also dey enable automatic on-chain burn for all OKB wey dem send go blackhole address. After the announcement, OKB price climb over 160% within 10 minutes, dey trade pass $130. As part of the upgrade, OKX go stop Ethereum L1 version of OKB, so holders go need swap their tokens go X Layer. Dem go shut down OKTChain in August 2025, to automatically convert OKT to OKB. The X Layer upgrade bring in zkEVM chain wey fit handle 5,000 TPS, gas fee near zero, better DeFi and RWA support, more improved bridges, ecosystem funds and liquidity incentives.
Bullish
Di one-time burn wey dem do for 65.26 million OKB plus fixed supply wey dey 21 million create scarcity sharp sharp, na im be cause for the 160% price surge as traders react to the token burn. Dem remove mint/burn functions plus dem automate on-chain burns, e make supply discipline strong well well. Dem dey phase out Ethereum L1 version and dey migrate holders go the X Layer, e dey boost on-chain activity and utility. The X Layer upgrades—zkEVM at 5,000 TPS, near-zero fees, better DeFi/RWA support, bridges, ecosystem funds and liquidity incentives—dey improve network performance and adoption potential. Historically, major burns dey lead to short-term rallies and sustained interest; the better tokenomics and technical improvements show say outlook dey bullish for both near-term trading and long-term value accrual.