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OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges
OKX’s record-breaking $7.6 billion OKB burn halved the circulating supply and sparked triple-digit price spike, and shifts focus to driving adoption of its X Layer blockchain.
Aug 13, 2025, 9:05 a.m.
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What to know:
- OKX permanently removed 65.26 million OKB worth $7.6 billion from circulation.
- The move cut supply by 52% and capped the total at 21 million.
- OKB’s price spiked more than 200% to $142, with trading volume soaring 13,000% to $723 million as traders reacted to the supply shock.
- Sustained momentum hinges on growing usage of OKX’s X Layer blockchain, which plans to boost transaction speed, lower gas fees and fully transition OKB from Ethereum to X Layer.
OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%.
Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into bitcoin . The burn, or sending the tokens to a wallet address that can't be accessed, was carried out from OKX’s reserves and represents one of the largest deflationary events in exchange token history.
STORY CONTINUES BELOW
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The effect of the burn was instant. OKB jumped to $142 from $46 before retrenching to about $102. Trading volume skyrocketed 13,000% to $723 million as traders attempted to capitalize on the supply shock.
The strategy mirrors that of BNB, the token of BNB Chain, which is associated with rival exchange Binance. That undergoes quarterly burns that often precede short-term rallies.
Supporting that narrative, OKB’s turnover ratio, a measure of trading activity relative to supply, spiked from 0.03 pre-announcement to 0.093, signaling heightened speculative and strategic positioning.
Sustained price momentum will depend on whether OKX can continue to drive adoption of its X Layer blockchain, of which OKB is the native token. To that end, the exchange plans to increase transaction speed and reduce gas prices, according to a blog post. It will also be phasing out Ethereum-based OKB tokens, which can now be redeemed for X Layer versions.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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