$OKB Jumps Over 6% After 65M Token Burn and ‘X Layer’ Launch

Cryptonews
Cryptonews

$OKB has continued its bullish run, rising 6% this week to surpass $127 in a historic rally that’s left traders stunned. This isn’t just another pump—we’re witnessing one of crypto’s most dramatic supply shocks unfold in real time.

This rally is a direct result of the protocol’s measures and major platform upgrades that have fundamentally transformed the token’s value proposition. The real question isn’t just what drove the explosion but whether $OKB can maintain this new altitude.

How a Historic Token Burn and L2 Announcement Ignited $OKB Rally

The OKB token, with a market capitalization of approximately $2.66 billion, was designed as the core utility token for the OKX ecosystem. Its value is derived from providing holders with benefits, including trading fee discounts, staking rewards, and governance rights.

August has been a productive month for the token and its native platform.

Earlier this month, $OKB saw its role...

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