TechFlow news, August 13 — According to OKX market data, OKB surged past $70, currently trading at $71.50, marking a 24-hour gain of over 55%, following the announcement that OKX will burn approximately 65.25 million OKB tokens.
According to the official announcement, OKX will conduct a one-time destruction of 65,256,712.097 OKB tokens from historical buybacks and reserves, and switch to automated smart contract-based burning of all OKB tokens transferred to a black hole address. After this operation, manual OKB burning will cease, and the total supply of OKB will be permanently fixed at 21 million tokens.
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