OKB, the native token of the OKX exchange, has seen a dramatic price increase of 170%, reaching a new high of $124. This surge follows the exchange’s announcement of a major overhaul to its tokenomics model.
The key change is a one-time burn of roughly 65.26 million OKB tokens. These tokens were accumulated from past buyback programs and held in company reserves. With this burn, the total supply of OKB will be capped at a fixed 21 million, similar to Bitcoin.
As part of the update, OKX will also upgrade the OKB smart contract to permanently remove both minting and manual burn capabilities. The platform will also be discontinuing OKTChain, converting existing OKT tokens into OKB at a determined exchange rate before the chain is shut down on January 1, 2026.
August 2025, Cryptoniteuae
