With Solana breaking the $200 threshold, there is another altcoin that surprised investors today with its incredible gains.
OKB, the native token of crypto exchange OKX, has erupted in price after one of the most aggressive token burns ever seen in the exchange space.
On August 13, OKX destroyed 65 million OKB — worth about $7.3 billion — slashing total supply from 86 million to just 21 million.
The move instantly sparked comparisons to Bitcoin’s fixed-supply model. By cutting circulating supply by 52% overnight, OKX created immediate scarcity, triggering a flood of speculative buying. The impact was visible across the market: OKB’s 24-hour trading volume soared by 19,007% to $1.08 billion as traders rushed in.
X Layer Upgrade Unlocks New Utility
Coinciding with the burn, OKX rolled out its “PP Upgrade” to X Layer — a Polygon-powered zkEVM chain now capable of 5,000 TPS with near-zero gas fees. This opens up OKB’s utility in DeFi, payments, and real-world asset tokenization.
OKX Wallet, Exchange, and Pay now all default to X Layer, allowing zero-gas withdrawals and transactions when using OKB. This deeper integration is designed to lock the token into OKX’s ecosystem, making it a core part of everyday activity on the platform.
OKTChain Shutdown to Boost Demand
OKX also announced it will retire its Cosmos-based OKTChain on August 15, converting all OKT tokens into OKB. Around 1.3 million OKT holders will need to swap, creating additional buy pressure. The conversion rate is based on the July 13–August 12 price average of $45–$135, which could spark short-term volatility as traders position themselves ahead of the final exchange.
OKB Price Scenarios for Q4 2025
Bullish Case ($150–$175)If adoption of X Layer’s DeFi tools takes off quickly and conversion inflows from OKT remain strong, OKB could continue climbing toward $150 and beyond. The burn’s scarcity effect, coupled with ecosystem lock-in, could fuel a sustained rally similar to Binance Coin’s (BNB) growth after major burns.
Base Case ($110–$135)After the initial surge, OKB could consolidate in a stable range if trading activity cools but ecosystem adoption grows steadily. This scenario would still leave OKB well above pre-burn levels, acting as a foundation for a potential breakout later in 2026.
Bearish Case ($85–$95)If broader market sentiment turns risk-off or profit-taking intensifies, OKB could retrace sharply. While the burn limits supply, it cannot offset heavy selling pressure if crypto markets as a whole face a downturn.
Outlook
With a $6.34 billion market cap and a sudden shift toward a Bitcoin-like scarcity model, OKB’s fundamentals have changed overnight. The coming weeks will reveal whether this rally is the start of a long-term revaluation or just a short-lived burst of excitement.
For now, all eyes are on adoption metrics for X Layer and the scale of OKT conversions — the two catalysts that could determine whether OKB’s rally has legs.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Author
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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