OKX shock: burns approximately 65 million OKB, supply drops to 21 million — and the price acceler...

Record cut of the supply of OKB: OKX has just completed a burn of about 65 million tokens, leaving a circulating supply of about 21 million. The operation — which reduced the pre-existing supply by about −52% — reshapes the tokenomics and is fueling a rally as the market seeks a new equilibrium.

According to the data collected from on-chain feeds and official communications from the exchange, the announcement was published on August 13, 2025 and indicates a permanent removal of about 65.26 million OKB (estimated value ~7.6 billion USD at the time of the operation).

Industry analysts observe that this maneuver — combined with the technical announcement on the X Layer — is designed to shift the narrative towards a fixed-supply similar to that of other benchmark assets.

Based on the market data analysis in the first 48 hours, the movement generated a significant compression of the available liquidity in spot and derivatives.

Details of the operation: amounts, date, sources

According to the communicated data and those reported by aggregators, the exchange has recently executed a burn transaction, significantly reducing the supply. The official details and the technical announcement can be consulted on the exchange’s website. (CoinGecko)

Announcement date: August 13, 2025 (OKX – official announcement)

Amount burned: approximately 65.26 million OKB (initial reports) — journalistic source and official communications

Estimated value at the time of burn: ~7.6 billion USD (estimate reported by market sources)

Supply after the burn: ~21,000,000 OKB (CoinGecko)

Reduction of the supply: approximately −52% compared to the previous supply

Sector context: one of the most significant cuts ever announced by a centralized exchange

Immediate impact: less supply, more pressure on prices

The reduction of the supply immediately affects the available offer side. With fewer tokens on the market, the same demand tends to generate larger price movements. It should be noted that the effect is amplified when the event is perceived as structural and not reversible.

Demand vs. supply: what can change

In this context, the new setup favors a scarcity-driven approach. However, the price will continue to depend on the demand and the liquidity present in the various markets.

The drivers of demand

Speculative interest after the announcement and possible capital rotation towards low supply assets

Utility in the OKX ecosystem (reduced fees, products, and access to exclusive features) — see the OKX documentation on OKB and X Layer

Liquidity on spot and derivatives markets, with book depth and competitive spreads

OKB Price: momentum, levels, and scenarios

In the wake of the news, OKB showed a strong rise. Several technical analyses indicate strength, although some indicators highlight overbought conditions on various timeframes. An interesting aspect is that the indicated technical levels remain projections and should be interpreted with caution (CoinMarketCap).

Technical levels to monitor

Short-term support area: 170–175 dollars [data to be verified]

Risk of correction below 170 dollars, with possible extensions towards 130 dollars [data to be verified]

Bullish target of some analysts: over 300 dollars [data to be verified]

The sustainability of the trend will depend on the volumes and the confirmation of demand. That said, a breakout accompanied by increasing volumes is generally more credible compared to isolated peaks.

Upgrade X Layer: stricter supply cap and long-term trust

OKX has announced a technical update of X Layer that introduces contractual changes to make the supply cap more rigid, disabling new issuances at the code level.

If implemented as described, this strengthens the narrative of scarcity and can support price expectations in the medium to long term. However, typical market risks remain, from sentiment to liquidity. (OKX – official announcement)

Market reactions: capital rotation and volumes

The news has triggered a reallocation of capital towards OKB and an increase in activity in the spot and derivatives markets. Although volumes are increasing, there are still no peaks of a large-scale bull market, an aspect that could moderate further accelerations until the flows are confirmed. (Yahoo! Finance)

Critical angles: governance, transparency, execution risk

A cut so deep raises questions about the governance of exchange tokens, the transparency of issuance policies, and public access to on-chain audits. The solidity of the new regime will depend on the technical verifiability through contracts and transactions, and the consistency between announcements and actual implementations. (CoinGecko)

Main Risks

High volatility in the weeks following extraordinary events

Macro factors and regulatory factors impacting sentiment in the crypto sector

Leverage in derivatives: funding and liquidations can amplify price movements

Liquidity variable between exchanges and trading pairs

Key metrics to monitor

On-chain: flows to/from exchanges and transfers from wallets associated with OKX — for more details, consult our dossier on on-chain metrics and public dashboards

Order book: depth, bid/ask imbalance, presence of liquidity walls

Derivatives: open interest, funding rate, long/short ratio

Volumes spot and spread between platforms to evaluate the quality of the price

Activity on X Layer: effectively distributed update and related network parameters (monitor the technical page of OKB / X Layer)

In summary

The burn of about 65 million OKB that has brought the supply to about 21 million is altering market balances and fueling the rally. The compression of the supply is a powerful factor, although it does not guarantee a linear path.

The real turning point will depend on the technical implementation of the upgrade, the demand flows, and the quality of the liquidity, with particular attention to key technical levels.

Sources and verifications

Supply data and market analysis: CoinGecko

Official announcement OKX (X Layer and OKB economic model optimization): OKX – Announcement

On-chain report and metrics: insights available on our related pages

Note: For complete verifiability, it is advisable to integrate primary references — the detailed official announcement from OKX, the tx hash of the burn, and the corresponding block explorer link — as well as the updated on-chain reports within 24–72 hours following the event.