Catenaa, Wednesday, August 20, 2025-OKX’s native token, OKB, surged 170 percent Wednesday after the exchange announced a major tokenomics overhaul that will cut total supply and remove minting capabilities.
The company said it will conduct a one-time burn of about 65.26 million OKB tokens, acquired through previous buyback programs and held in reserves.
Following the burn, the total OKB supply will be permanently capped at 21 million.
As part of the upgrade, OKX will update the OKB smart contract to eliminate any ability to mint new tokens or manually conduct future burns. The move is intended to tighten supply and improve long-term value stability for holders.
OKX also plans to phase out its OKTChain platform. Existing OKT tokens will be converted to OKB at an exchange rate based on the average closing price between July 13 and August 12, 2025.
The company said OKTChain will remain operational until January 1, 2026, to allow for the transition.
The announcement fueled a sharp rally in OKB’s price, which reached $124 as of 4:10 a.m. Eastern time.
