According to EmberCN on Twitter, OKX has executed its 28th on-chain OKB token burn in the past half hour, removing 42.44 million OKB from circulation. The cumulative effect of these burns has retired 213 million OKB, accounting for 71.2% of the total OKB supply (300 million). This significant reduction in circulating supply could contribute to increased scarcity, potentially supporting OKB price action and trader sentiment. Such large-scale burns are closely monitored by crypto traders seeking deflationary token models and may influence price volatility and liquidity on exchanges. (Source: EmberCN Twitter, June 19, 2025)

According to Santiment, there has been a notable increase in $100K+ whale transactions for several altcoins as the week concludes. AAVE on Polygon saw a 267% rise, HEX experienced a 256% increase, and OKB recorded a 200% surge in such transactions. This indicates heightened activity and interest from major investors in these cryptocurrencies.

According to Santiment, the cryptocurrencies experiencing the highest increase in whale activity this week are FTN, OKB, DAI (on Optimism), WETH, and CAKE. These tokens have seen significant trading interest from large investors compared to their usual activity levels, indicating potential market moves worth monitoring.