According to @lookonchain, OKX transferred 65.26M OKB (about $7.29B) into its buy-back and burn wallet within the past hour, and reported that total supply is now 21M OKB (about $2.25B), indicating a major token supply change (source: Lookonchain). On-chain records confirm the large transfer into the designated burn address (source: Etherscan). Following the burn announcement, OKB rallied roughly 190% intraday and broke above $135, highlighting elevated volatility and rapid price discovery for traders to monitor (source: Lookonchain). Using the figures provided, the move implies a reduction from roughly 86.26M to 21M total supply, a cut of about 75.6%, which materially alters token scarcity and near-term liquidity dynamics for OKB (source: derived from Lookonchain data).

According to Lookonchain, OKX transferred 65.26 million OKB worth 7.29 billion dollars to its buy-back and burn wallet within the past hour; source: Lookonchain on X, Aug 13, 2025. According to Lookonchain, the total supply of OKB is now reported as fixed at 21 million OKB valued at 2.25 billion dollars; source: Lookonchain on X, Aug 13, 2025. According to Lookonchain, following the OKB burn announcement, OKB surged approximately 190 percent today and broke above 135 dollars; source: Lookonchain on X, Aug 13, 2025.