In a surprising turn, OKB jumped 55% in a single day following OKX’s official migration to X Layer.
The move solidifies OKB’s role at the core of the ecosystem and has opened the door to renewed debate around its long-term value and evolving token model.
Summary
- OKB jumped 55%, hitting a new all-time high of $240.75 after OKX completed its X Layer migration.
- Nearly 90% of OKB supply has moved to X Layer, now the only chain supporting OKB as the sole gas and utility token.
- Technical breakout above $190-$200 signals potential for further gains, with support levels at $175, $155, and $130.
Current OKB price scenario
OKB (OKB) just went parabolic. Following OKX’s official rollout of X Layer — and with nearly 90% of the token supply already moved over — the price exploded.
OKB is now hovering around $245. The price has varied by 125.96% over the last 7 days and by 340.47% in the past month.
The rally is being fueled by a mix of stronger fundamentals, supply shifts, and a huge wave of bullish momentum.
Key signs OKB may extend gains
After its massive price run and a big shift in the OKX ecosystem, OKB still looks like it has room to run. Strong fundamentals, bullish chart signals, and growing ecosystem activity are all pointing toward more potential upside.
Sign 1: X Layer migration strengthens fundamentals
The X Layer upgrade is a key part of OKX’s “one token, one chain” vision — a move to simplify and unify the ecosystem around OKB as the sole utility token.
As part of the transition:
- A one-time burn of 65.26 million OKB wiped out old buyback reserves and inventory.
- The total supply is now hard-capped at 21 million, following a model similar to Bitcoin’s.
- X Layer now boasts speeds of ~5,000 transactions per second, near-zero gas fees, and strong compatibility with Ethereum.
With OKB now being the only gas token on the chain, demand for it could rise as usage increases.
Sign 2: Reclaiming key technical levels
From a technical perspective, OKB has decisively broken above previous resistance zones. If price momentum continues, holding above the $190-$200 range could serve as a launchpad for further upside. The $240.75 peak is now the level to watch for a breakout continuation.
Sign 3: Ecosystem growth fuels token demand
OKX is gradually retiring its legacy OKTChain (fully decommissioned by January 2026), with OKT tokens being converted to OKB. Additionally:
- OKB is being deeply integrated into the OKX Wallet, Exchange, and OKX Pay.
- New DeFi and real-world asset incentives are being introduced to attract developers to build on X Layer.
These developments point to increasing utility and sustained ecosystem demand for OKB.
Short-term OKB price prediction
OKB’s momentum is still strong — but after such a big rally, some volatility is to be expected. Holding above the $190–$200 zone will be key if the uptrend is going to continue.
That said, a bit of profit-taking or short-term dips wouldn’t be surprising as the market catches its breath.
Support levels to watch if a pullback happens:
- $172–$175: Near-term support zone
- $150–$155: Stronger demand base
- $120–$130: Long-term accumulation range
If bullish sentiment holds and the broader market stays healthy, these zones could offer solid entry points for buyers looking to build a position.
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Source: https://crypto.news/okb-price-prediction-august-21/