OKB (OKB)

While Bitcoin catches its breath, OKB burns 93% of its reserve, soars to the sky, flirts with a liver crisis… and quietly builds its kingdom on X Layer.

OKB, the native token of OKX, has jumped nearly 160% in a single day after the platform announced sweeping changes to its blockchain ecosystem and tokenomics, including a massive one-time token burn and a fixed maximum supply. The price of OKB jumped from around $45 to as high as $135 on Wednesday, following news that OKX will permanently remove 65,256,712 OKB from circulation. The burn, which comes from historical repurchases and treasury reserves, will leave the total supply capped at 21 million tokens.