Unveils New Tokenomics & Burns 65M Tokens, OKB Token Soars 170%

The crypto market was shaken today by a dramatic OKB price surge following a historic OKB token burn of 65 million tokens. The upgrade introduces OKB new tokenomics that permanently caps the supply at 21 million, sparking a wave of bullish sentiment. 

At the time of writing, OKB trades at $106.06, representing a stunning 170% gain in just 24 hours.

This unprecedented move marks a pivotal moment for OKB, as the asset undergoes both structural and supply changes that could redefine its market trajectory.

Massive 65M Token Burn and Supply Cut

In a move aimed at reinforcing scarcity and long-term value, 65 million OKB tokens have been permanently removed from circulation. This OKB supply cut not only decreases available liquidity but also aligns OKB with deflationary token models historically linked to price appreciation.

Alongside the burn, the total supply is now fixed at 21 million tokens, a number reminiscent of Bitcoin’s hard cap. This shift is part of a broader OKB token upgrade designed to strengthen the ecosystem and drive greater adoption.

READ ALSO: How to Buy OKB (OKB) on Exchange

Tokenomics Overhaul and Network Upgrade

The OKB new tokenomics rollout comes with a significant blockchain enhancement. The underlying network now boasts higher throughput, improved scalability, and reduced transaction fees. 

The goal is to make OKB the exclusive gas and native token of its upgraded ecosystem while phasing out its previous implementation on other chains.

These upgrades are expected to attract more developers, users, and liquidity providers, ultimately fueling demand for OKB in the long term.

Technical Analysis: OKB Price Action

Based on the latest 1-minute chart:

• Price Movement: OKB rebounded from a local low around $104 to $106.06, indicating strong short-term buying pressure.

• MACD: The MACD line has crossed above the signal line, suggesting a bullish shift in momentum.

• RSI: The RSI is climbing rapidly toward the overbought zone, signaling strong buying interest but also hinting at possible near-term pullbacks.

• Bollinger Bands: The price has moved toward the upper band, reflecting volatility expansion typical during breakouts.

This technical setup supports the ongoing OKB price surge, though traders should watch for consolidation before the next leg higher.

OKB Price Prediction

If momentum sustains, OKB could test the $142 resistance seen earlier in the day. A successful breakout above this level might open the door to the $150–$160 range in the short term. On the downside, holding support above $100 will be critical for maintaining the OKB bullish trend.

Long-term, the fixed supply and enhanced utility could make OKB a contender for higher valuations if adoption grows.

READ ALSO: Ethereum Price Surges 7%, ETH Will Touch $5000 as a Resistance Price?

Conclusion

The combination of a massive OKB token burn, a permanent OKB supply cut, and a sweeping OKX token upgrade has sent the token soaring 170% in a single day. While short-term volatility is likely, the fundamentals underpinning this rally suggest potential for sustained growth.

Price stated is accurate at the time of writing.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

FAQ

What caused the recent OKB price surge?

A 65M token burn, new tokenomics, and a major network upgrade.

How many OKB tokens are now in supply?

The total supply is capped at 21 million tokens.

Is OKB’s rally sustainable?

Fundamentals are strong, but volatility should be expected in the short term.

What is the current price of OKB?

At the time of writing, $106.06.

Could OKB reach $150 soon?

If momentum continues and resistance at $142 breaks, $150 is possible.