- OKB surged 126% after a record-breaking $7.6B token burn slashed supply by over 50%.
- BNB is near its all-time high, with traders targeting $2,000 amid heightened exchange activity.
- BGB gained 9% as whale accumulation and a massive 43% supply burn sparked bullish momentum.
If you’re wondering where the real action is in the crypto market today, it’s not just Bitcoin. A handful of major exchange tokens are putting up massive numbers, and each one has a specific, powerful catalyst behind its move.
So let’s break down what’s driving the rallies in the top 5 CEX tokens and what it means for you.
— â‚¿itcoin ATH Alert Bot
OKB Stands Out
The standout performer of the day is OKB, the native token of OKX, which skyrocketed 126% to a record high. The move followed a one-time burn of 65.26 million OKB, worth around $7.6 billion, slashing its total supply by over 50% to 21 million tokens, mirroring Bitcoin’s hard cap.
The unprecedented deflationary event, one of the largest in exchange token history, has positioned OKB as a prime scarcity play in a m…
The post Top Exchange Token Gainers: Why OKB, BNB, BGB, KCS, and GT Are Pumping appeared first on Coin Edition.
Source: https://coinedition.com/top-exchange-token-gainers-why-okb-bnb-bgb-kcs-and-gt-are-pumping/