Massive Token Burn Sends OKB Skyrocketing 130% to New ATH

TL;DR

• OKB tapped $135, its highest worth ever, earlier than pulling again 11% throughout the hour.
• One-time burn of 65M OKB diminished provide to 21M, fueling a speedy worth surge and a document excessive.
• RSI at 94.73 exhibits robust shopping for strain, whereas the Steadiness of Energy studying favors bullish market management.

Value Jumps on Token Burn and Improve

OKB stole the present in the present day after a large triple-digit surge that drove it to a brand new all-time excessive of $135. This spectacular rally has materialized largely previously day as OKB’s weekly and month-to-month good points are just like in the present day’s surge. 

The full buying and selling quantity has risen to over $2.2 billion, based on CoinGecko information. Though OKB has retraced since its peak, it’s nonetheless 132% up day by day and sits effectively above $100.

Maybe probably the most possible motive behind the token’s surge is OKX’s choice to burn greater than 65 million OKB in a one-time occasion. After the burn, the entire provide will stand at 21 million.

OKX additionally announced an improve to X Layer, its zkEVM blockchain constructed with Polygon. The change, known as the PP improve, provides new Polygon CDK options. Throughput will rise to five,000 TPS, fuel charges will drop, and Ethereum compatibility will enhance. X Layer will hyperlink with OKX Pockets, OKX Alternate, and OKX Pay for options resembling gasless withdrawals.

Token Construction and Chain Modifications

OKTChain will likely be retired, and OKT buying and selling will finish on August 13, 2025. Remaining tokens will convert to OKB on August 15 utilizing a median worth. The chain will stay open for deposits till January 1, 2026.

OKB stays because the native fuel token for X Layer. The Ethereum L1 model will likely be phased out. Holders should bridge tokens to X Layer earlier than L1 withdrawals are closed. Plans additionally embody an ecosystem fund, liquidity rewards, and upgrades to bridges, oracles, and compliance programs.

Technical Readings and Dealer View

RSI is at 95, which exhibits robust shopping for strain and an overbought market. Such ranges are unusual however can final when strikes are pushed by information.

The Steadiness of Energy is 0.62, exhibiting patrons have management. Excessive readings like this typically seem in periods of heavy accumulation.

Dealer Efloud stated, 

“Maybe I’m a market maker. I don’t know but… we have to take pleasure in our income.” 

He had earlier famous {that a} pullback into the $43.3–$42.4 vary would have him expecting a bullish construction on decrease timeframes.

$OKB | Replace

Nothing a lot to say.
Examine quoted put up, then verify this one.

My requirements are excessive however this rise has surpassed even me.
Maybe I’m a market maker. I don’t know but.

The one factor I do know is that we have to take pleasure in our income https://t.co/wBJIbafSqK pic.twitter.com/jMva60gVXR

— Efloud (@EfloudTheSurfer) August 13, 2025