After OKB burned 70%, isn't the market value only 2 billion USD? Where did the value of 2.06 billion USD worth of OKB transferred to the exchange come from? I don’t understand, asking everyone for an explanation 🤔🤔🤔
I checked the on-chain address myself and found that the total amount of OKB after the burn is 21 million pieces. This time, 17 million pieces were transferred, roughly estimating that the exchange controls over 85% of OKB, so the circulation outside is about 200 million USD. Therefore, the transfer of 2.06 billion USD worth of OKB to the exchange is estimated to be for the purpose of pumping and dumping. $BTC