OKX just pulled off crypto's biggest power move - burning $7.6 billion worth of OKB tokens overnight!
This strategical move is creating scarcity to boost value, streamline the ecosystem, and make OKB the sole gas token for the upgraded @XLayerOfficial.
TL;DR of The Event:
➤ Aug 13, 2025: 65.26M OKB permanently burned
➤ OKB exploded 187% from $47 to $134 in under 90 minutes.
➤ Tokenomics update: 300 M (2019) ⟶ 21 M (2025) same as $BTC supply
➤ Total burned since 2019: ~279M
...
Additional upgrades that drove this significant rise ↴
➤ X Layer upgrade: 5,000 TPS, near-zero gas fees
➤ $OKB is still the main gas token for X Layer
➤ OKX also integrated @PayPal in Europe & native $USDC via @Circle,
expanding DeFi adoption and liquidity
...
With X Layer's ecosystem fund, revamped tokenomics, and focus on RWAs, it's clear that X Layer is building a robust and comprehensive full-stack blockchain ecosystem:
➤ OKX @wallet
➤ OKX Exchange with zero-gas, fast withdrawals
➤ OKX Pay
Simply put, the 65M OKB token burn and 21M supply cap not only reinforce its role as X Layer's core gas token but also represent a strategic move for X Layer's future evolution.
..
CC:
> @star_okx
> @hfangca

Did they mention about it anywhere before?
Massive supply shock, ecosystem upgrades, and real-world integration with @PayPal and @Circle all in one move.
Defo one to watch. Thank you for sharing, bro!
Anytime Andrew!
sad that $OKB pumped already haha
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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