Cryptocurrency exchange OKX executed a strategic one-time burn of 65.25 million OKB tokens on August 13, 2025, permanently reducing the total supply of its native token to a fixed cap of 21 million tokens. This massive supply reduction immediately ignited a dramatic price surge, with OKB's value skyrocketing 161.02% within 24 hours to reach $120.30, according to CoinMarketCap data.
The token burn – equivalent to approximately 75% of the pre-burn supply – represents a deliberate deflationary strategy by OKX to enhance token scarcity and long-term value. Market reaction was instantaneous, reflecting investor confidence in OKX's commitment to strengthening OKB's tokenomics. The exchange emphasized this move rewards holders through potential appreciation while aligning with successful cryptocurrency economic models.
OKB's utility within the OKX ecosystem – including trading fee discounts, exclusive feature access, and participation in token sales – amplifies the burn's impact. While the supply reduction creates immediate bullish pressure, analysts note long-term sustainability depends on continued platform growth, adoption metrics, and broader market conditions. The event highlights how strategic supply management can rapidly influence valuations in cryptocurrency markets.
