OKB is crazy, the麻 has麻d, and those who are not麻 are still observing

The more this kind of "in our lifetime" series, the more it tests everyone's grasp of the market and their operational skills.

Next, it will be divided into two parts:

1. What is the specific situation of the event?

2. What are the subsequent impacts?

Let me explain OKX's actions in detail:

1. What is the specific situation of the event?

The overall event revolves around two announcements from OKX.

The two announcements can be simply understood as:

(1) OKX will destroy 65,256,712.097 OKB tokens at once (including historical repurchases and reserved parts).

The destruction will automatically burn all OKB transferred to the black hole address using a smart contract, rather than manual destruction.

After the destruction, the total issuance of OKB is fixed at 21 million tokens.

(2) OKX has upgraded its public chain X Layer to a major version.

· OKTChain will stop service → From August 13, OKT cannot be traded, and from August 15, it will automatically be converted to OKB at the average price; the chain itself will run until January 1, 2026.

· OKB upgrade → In the future, OKB will be the only token that can be used for transaction fees on X Layer; the Ethereum version needs to be quickly transitioned to X Layer.

Overall, these two announcements:

· Completed the rarity of OKB.

· Stabilized the status of OKB as the prince.

2. What are the subsequent impacts?

Here, everyone just wants to know if OKB can rise to such a level?

According to the destruction mechanism:

· Price before destruction: $45

· Circulating market value before destruction: $3.87 billion

· Total and circulating amount after destruction: 21 million tokens

· Assuming the circulating market value remains unchanged: $3.87 billion

Then the price of OKB should be: $184

Is it really that ideal?

Currently, for OKB, the biggest difficulty is its utility.

Looking at the neighboring BNB, there’s BNBHODLER, Launchpool, and the BSC chain is also doing very well.

OKB surged due to the destruction this time, but what reason will it have to rise next time?

However, in this announcement, OKX has taken the X Layer seriously, hoping to completely empower OKB.