OKX Executed Massive Token Burn, OKB Supply Down 93%

OKX executed a historic burn of 65.25 million OKB tokens on August 15, 2025, drastically reducing the token supply to 21 million, according to Etherscan data.

The shrinking OKB supply provoked strong market confidence, driving the token’s value to record highs and increasing trading volumes significantly.

OKX Token Burn Lowers Supply by 93%

OKX’s latest buy-back and burn program marked its 28th event, further enhancing the scarcity of the OKB token. Executed on August 15, 2025, the operation sent 279 million OKB to the null address, effectively destroying these tokens and reducing the available supply.

“The recent burn of 65.25 million OKB cements our commitment to enhancing token scarcity and value, a transformative moment in our tokenomics,” remarked Star Xu, Founder of OKX.

This event significantly alters the token’s scarcity and aims to bolster its long-term value. By burning over 93% of the total supply, OKX showcases its commitment to scarcity-driven tokenomics, possibly influencing similar strategies by other platforms.

The market has responded dynamically to the event, with OKB’s trading volume soaring by 15,812% to $842 million. The token achieved a new all-time high of $135 before stabilizing between $106 and $110. Notably, leadership from OKX had yet to release a formal statement by this report’s writing.

OKB Price Fluctuates Amidst Major Supply Reduction

Did you know? The latest burn by OKX marks its largest to date, dramatically reducing OKB’s supply, a sharp contrast to a similar significant reduction in February 2020 that resulted in a 90% price surge within a week.

According to CoinMarketCap, OKB’s current price stands at $96.21, with a market cap of $2.02 billion. It experienced a 6.96% decrease in the past 24 hours but grew over 110% in seven days. The fully diluted market cap is $28.86 billion, while its 24-hour trading volume fell by 72.73% to approximately $250 million. The circulating supply is fixed at 21 million tokens, with a maximum supply ceiling of 300 million.

Coincu’s research indicates potential lasting effects from this supply contraction, influencing regulatory outlooks and investment strategies. These strategic supply reductions are likely to continue impacting market performance by increasing competition among exchange tokens and drawing scrutiny from financial analysts globally.