OKX just made a shock move. It burned 65,256,712.097 $OKB. That cut the total supply to 21 million. The shift removes three quarters of the previous total.
Traders reacted fast. $OKB shot from $47 to $142 inside two hours. That’s roughly a 202% spike. The pump was immediate and violent.
【.@okx 這次玩真的？銷毀 75% 代幣，對標 $COIN 夢想價 3,940！】
TL;DR
– OKX 宣布 $OKB 銷毀約 75% 的代幣供給，總量限縮為 2,100 萬枚– 對標 COIN 股票市值，OKB 價格可達 3,940 美元
– 銷毀份額來自已回購且未流通的代幣，不會改變流通市值，只影響 FDV
— Fomo 仔 (@0xfomor) August 13, 2025
CoinMarketCap snapshot: price moves, circulating supply context, market reaction tracked in real time. At the new price range, the fully diluted valuation (FDV) re-frames differently. Use the price × 21,000,000 to see the new FDV.
The burned tokens came from repurchased and treasury reserves. Those tokens were non-circulating before the burn. So, the circulating market cap stays the same. Only the FDV changes. This is a tokenomics detail, not a cash event for traders.
Put plainly: nothing new entered the market. Scarcity changed on paper. Perception changed in price.
How Cheap Is $OKB Now, Versus Regulated Exchanges
OKX has transferred 65.26M $OKB($7.29B) to the buy-back and burn wallet in the past hour.
The total supply of $OKB is now fixed at 21M $OKB($2.25B).
Following the $OKB burn announcement, $OKB surged ~190% today, breaking through $135.https://t.co/j4DKSma6yC… pic.twitter.com/RVDA8IhboG
— Lookonchain (@lookonchain) August 13, 2025
OKX has been pushing toward compliance. That positions it near regulated North American exchanges. Yet the FDV math looks small compared to public exchange valuations. For context :
- OKB FDV (post-burn): ~$2.1B (price × 21M).
- Coinbase (public company market cap): ~$82.8B.
- Kraken (last raise/round): ~$15B.
OKX beats both on spot trading volume. But OKB’s FDV sits a tiny fraction of Coinbase’s market value and Kraken’s valuation. That gap is stark.
How it stacks up against second-tier exchange tokens. Compare FDVs: your numbers show OKB near $2.1B, while peers sit higher:
- @Bybit_Official $MNT, $680M
- @bitgetglobal $BGB, $5.42B
- @Gate $GT, $5.57B
With equal or higher trading activity, OKB’s valuation looks conservative. The new 21M cap introduces a scarcity narrative that markets may not yet price in.
A Warning: Emotional Pumps vs Fundamentals
Remember this: the burned tokens were already off-market. Lookonchain confirms the transfer to a buy-back & burn wallet. The move triggered emotion. Not all short squeezes reflect a change in free float or selling pressure.
Compare it to how some projects buy and park tokens in funds (e.g., fee-buy programs). Those parked tokens don’t become immediate sell pressure. They support narrative, not instant liquidity.
On-chain $OKB Confirmation And Final Numbers
Lookonchain flagged the 65.26M transfer to the burn wallet and the new 21M total supply in real time. That on-chain trace is public. The new FDV math (price × 21M) yields roughly $2.1B–$2.3B depending on the price snapshot.
Bottom line: The burn rewrites OKB’s supply story. It doesn’t magically change circulating market cap. It does create a scarcity pitch. If you’re thinking of “aping in” because of low FDV, pause. Exchange tokens are controlled and opaque. Due diligence still matters.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/okx-burns-75-of-okb-supply-caps-at-21m-price-explodes/