Cryptocurrency OKB experiences a surge of 221%, potentially heading towards its all-time high of $148.
In a recent turn of events, the OKB cryptocurrency has experienced a significant price rally, reaching a new all-time high of $148.9 before retracing to $106. This surge was primarily triggered by two major events: a massive token burn and a network upgrade by the OKX platform.
- Token Burn: On August 13, 2025, OKX executed a massive token burn, removing 65.26 million OKB tokens from circulation. This move slashed the supply by about 50% and capped the total supply at 21 million tokens. The reduced supply led to a significant price surge as traders reacted to the supply shock.
- Network Upgrade and X Layer Blockchain Adoption: The OKX team also announced a network upgrade that includes the adoption of the X Layer blockchain. This technology promises to enhance transaction speeds and reduce gas fees, shifting OKB from Ethereum to the new blockchain. More than 90% of tokens are reported to be active on this new chain, indicating strong adoption and supporting the price increase.
These factors combined to drive interest and investment in OKB, leading to the substantial price rally. Additionally, speculation about a potential U.S. IPO for OKX contributed to the optimism and momentum in the market.
The OKB Spot Netflow surged to an all-time high of $41 million on August 13, and at press time, it has declined to -$1.1 million. This surge suggests a significant inflow of new participants into the ecosystem, boosting network usage.
Furthermore, the altcoin's DAA Divergence turned positive for the first time in thirty days, potentially setting the stage for further gains. On the other hand, the OKB Stock to Flow Ratio has declined to almost zero, indicating increased tokens available on exchanges to sell. This could potentially brew volatility if profit takers overwhelm the market, causing OKB to dip again and find support around $74.
If the demand holds, OKB may continue with the uptrend, potentially reclaiming $148 and targeting a new high. However, it is essential to remember that investing in cryptocurrencies carries inherent risks, and it is always advisable to do thorough research and consider seeking financial advice before making any investment decisions.
Sources:
- TradingView
- Santiment
- CryptoQuant's data
- CoinGlass
- OKX official announcement
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