OKB price has broken through $258.6, with a 24-hour increase of over 30%, rising for three consecutive days, and the market value reaching $5.09 billion.
The core driver of this surge is OKX's announcement on August 13 to destroy 52% of its circulating supply (65.2567 million tokens), permanently locking the total supply at 21 million tokens, creating scarcity comparable to Bitcoin.
At the same time, OKX plans to go public in the U.S. in 2026, enhancing compliance and expectations for capital expansion, attracting institutional funds.
In terms of ecosystem, the X Layer public chain has been upgraded to 5000 TPS and achieved zero Gas fees, driving a surge in demand for OKB as a Gas token, with the number of on-chain addresses exceeding 2.18 million.
Short-term risks lie in the RSI being overbought and market enthusiasm being overheated, but in the long term, the destruction mechanism and exchange listing narrative may support its push towards $300. Even higher.
There will be no fan explosion, nor blind speculation.
It’s all about seeking victory steadily, making steady progress, so those who want to profit should get on board quickly!
SUI TURMP BONK PEPE OM SOL PNUT NEIRO
