en.bitcoinsistemi.com
In a significant strategic move, cryptocurrency exchange OKX announced that it has updated its X Layer platform and will permanently burn a total of 65,256,712.097 $OKB from past buybacks and reserves.
OKX's X Layer Strategic Update and 65.2 Million $OKB Burn
The company will also upgrade the $OKB smart contract, removing the ability to mint new tokens and manually burn them. This will permanently cap the total supply of $OKB at 21 million.
As part of the update, OKTChain will be phased out. During this period, OKT tokens will be exchanged for $OKB based on the average closing price between July 13 and August 12, 2025. OKX stated that this transition will simplify the ecosystem and strengthen the long-term supply stability of $OKB.
Following the announcement, the price of $OKB briefly reached an all-time high of $134, but later fell to $129. Analysts believe that permanently limiting supply and removing OKTChain will reinforce $OKB's deflationary nature.
OKX's move aims to increase user confidence and make Layer X a more attractive blockchain infrastructure for institutional and individual investors. The supply reduction and network simplification are expected to positively impact $OKB's price performance in the long term.
*This is not investment advice.