According to @lookonchain, a correction clarifies that smart trader address 0xEB8d withdrew 3,516 OKB valued around USD 658.9K from OKX to XLayer, source: @lookonchain. This on-chain movement confirms an exchange outflow of 3,516 OKB from OKX to the XLayer network, source: @lookonchain.

According to @lookonchain, wallet 0xEB8d withdrew 3,516 OKB valued at about $658.9K from OKX to XLayer (source: @lookonchain, Aug 26, 2025). This confirms a net outflow of 3,516 OKB from OKX and a corresponding inflow to XLayer, shifting trackable OKB liquidity on-chain for traders to monitor (source: @lookonchain).

According to @lookonchain, wallet 0xEB8d sold 3,516 OKB for approximately $658.9K, locking in a profit of $525.5K (+394%) on tokens bought about a year ago (source: Lookonchain, Aug 26, 2025). According to @lookonchain, the wallet then bought 42,584 BGB for about $199.72K (source: Lookonchain, Aug 26, 2025).

According to Lookonchain, wallet 0xEB8d sold 3,516 OKB for USD 658.9K after holding the position for about a year, realizing USD 525.5K profit, up 394 percent (source: Lookonchain, Aug 26, 2025). According to Lookonchain, the same wallet then bought 79,984 MNT for USD 99.18K (source: Lookonchain, Aug 26, 2025).

According to @ai_9684xtpa, OKB’s on-chain price on the Ethereum mainnet spiked as high as $342 amid extremely thin liquidity and concentrated control, with only $253,000 of OKB liquidity available on ETH at the time, source: @ai_9684xtpa on X, Aug 21, 2025. The source reports that most tokens were either burned or migrated to X Layer and there is no cross-chain support between ETH and X Layer, constraining arbitrage and depth on ETH, source: @ai_9684xtpa on X, Aug 21, 2025. Between 20:46 and 21:08, six addresses bought a total of 138.44 OKB, which was sufficient to push the on-chain price to that peak, source: @ai_9684xtpa on X, Aug 21, 2025. For traders, this indicates that OKB on ETH can register outsized moves on small order flow under these conditions, elevating slippage and reference price risk when trading on-chain, source: @ai_9684xtpa on X, Aug 21, 2025.

According to @MilkRoadDaily, exchange tokens gained about +21.4% after OKX began phasing out OKT with a fixed-rate swap into OKB, creating a sector tailwind for exchange-token plays, source: @MilkRoadDaily tweet on Aug 16, 2025. According to @MilkRoadDaily, the fixed conversion opened an arbitrage when OKB rallied, which propelled OKT sharply higher as traders exploited the spread, source: @MilkRoadDaily tweet on Aug 16, 2025.

According to @ai_9684xtpa, the combination of OKB burn and OKB as native gas is driving heightened traction for X Layer, signaling active on-chain participation and fee demand trends (source: @ai_9684xtpa on X, Aug 16, 2025). According to @ai_9684xtpa, community channels frequently share X Layer meme-coin trading guides, and the current market-cap leaderboard shows XDOG in first place at $5.4 million, highlighting where liquidity and attention are concentrating on the network (source: @ai_9684xtpa on X, Aug 16, 2025). According to @ai_9684xtpa, the longer-term positioning of the chain remains unclear, and the listed token metrics are for reference only, not investment advice (source: @ai_9684xtpa on X, Aug 16, 2025).

According to @EmberCN, OKB’s latest token burn ignited broad strength in exchange tokens. Source: @EmberCN. BNB and OKB printed new highs, while other major platform tokens also rose. Source: @EmberCN. Traders are actively debating which exchange token could be the next to make a new high. Source: @EmberCN. BGB and GT were cited as the most discussed names, with both up about 12% today. Source: @EmberCN.

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.

According to @EmberCN, OKX has completed the transfer of the announced 65,256,712 OKB into the burn address about 10 minutes before the post, finalizing the burn event (source: @EmberCN). On-chain data indicates the burn wallet now holds roughly 279 million OKB, implying approximately 21 million OKB remain outstanding, as noted by @EmberCN and visible on the OKB token page on Etherscan (source: @EmberCN; Etherscan). This materially reduces outstanding supply and alters float-based valuation and liquidity metrics that traders monitor, based on the updated on-chain totals reported by Etherscan and the update from @EmberCN (source: Etherscan; @EmberCN).

According to Bobby Ong, OKX announced a 65 million OKB token burn for its exchange token OKB, and the OKB chart immediately printed a big green candle, indicating a sharp upside reaction, source: Bobby Ong on X, Aug 13, 2025. According to Bobby Ong, the move and chart reaction occurred in the context of a bull market, underscoring strong momentum in exchange tokens, source: Bobby Ong on X, Aug 13, 2025.

According to @ai_9684xtpa, the key trading question is whether OKB will function as X Layer gas or remain positioned as an OKX exchange token, as this determines its valuation framework and peer comps. Source: @ai_9684xtpa. According to @ai_9684xtpa, a cited announcement states the removal of mint and burn functions for OKB, prompting concerns that exchange-revenue-funded buybacks could end. Source: @ai_9684xtpa. If buybacks cease as implied by the cited notice, @ai_9684xtpa notes OKB would be valued more like a public chain gas token, making X Layer transaction counts, active addresses, and gas fee trends the primary demand indicators traders should monitor. Source: @ai_9684xtpa. If the buyback model continues, @ai_9684xtpa’s framing implies the traditional exchange-token valuation persists, so traders should track OKX trading volumes, fee income disclosures, and any official buyback statements for inferred buy-side pressure. Source: @ai_9684xtpa. The immediate catalyst is an official OKX clarification on OKB’s utility and buyback policy; traders should monitor OKX announcements and adjust positions once confirmed. Source: @ai_9684xtpa; Source: OKX official announcements.

According to @ai_9684xtpa, OKB printed a strong bullish candle and other centralized-exchange tokens began to follow, highlighting a momentum rotation into platform tokens. Source: @ai_9684xtpa on X. Traders can verify sector breadth and leaders via real-time market cap, price, and 24-hour performance on the Centralized Exchange Tokens category dashboard. Source: CoinMarketCap Centralized Exchange Tokens. Catalysts to monitor include supply-reducing programs: OKB conducts recurring buy-back and burn funded by OKX operations, which can tighten float when executed. Source: OKX official OKB Buy-Back and Burn documentation. BNB employs a quarterly Auto-Burn plus real-time fee burn on BNB Chain, creating structural supply reduction during periods of higher activity. Source: Binance BNB Auto-Burn explainer and BNB Chain BEP-95 burn documentation. KCS uses a buyback-and-burn model tied to KuCoin revenue and publishes periodic burn records that traders track during volume upswings. Source: KuCoin KCS Whitepaper and KuCoin Burn records. Trading setups include momentum continuation in OKB/USDT and BNB/USDT when 24-hour turnover expands versus recent medians, and relative-value rotations via the OKB/BNB cross. Source: OKX and Binance spot market data and TradingView cross-pair charts. Liquidity risk should be managed with position sizing and limit orders, as depth can vary across exchange tokens during fast moves. Source: Order book data on OKX, Binance, and KuCoin.

According to @EmberCN, OKX will burn 65,256,712 OKB on August 15, 2025, after which the OKB total supply will be 21,000,000 tokens (source: @EmberCN). According to @EmberCN, OKB previously had a 300,000,000 total supply and 28 burns since May 2019 have already destroyed 213,743,286 OKB, with the planned burn bringing cumulative burns to 279,000,000 and the remaining supply to 21,000,000 (source: @EmberCN). According to @EmberCN, OKB rose on the news (source: @EmberCN). Based on these figures shared by @EmberCN, the burn program represents roughly a 93 percent reduction from the original 300,000,000 supply, a material tokenomics change for supply-sensitive trading strategies (source: @EmberCN).

According to @EmberCN, OKX will burn 65,256,712 OKB on August 15, reducing the token’s total supply to 21 million. Source: @EmberCN. OKB previously had a total supply of 300 million, with 28 burns since May 2019 that cumulatively destroyed 213,743,286 OKB, and the planned burn would bring cumulative destroyed tokens to about 278 million. Source: @EmberCN. OKB rose on the announcement, indicating an immediate positive market reaction relevant for traders monitoring exchange token flows. Source: @EmberCN.

According to @KookCapitalLLC, South Korean retail traders have driven a massive rally in Circle (CRCL) stock, pouring nearly $450 million into the company and making it the most-bought overseas stock in June, as reported by Bloomberg. Since its debut on June 5, the stock has surged over 500%, reflecting a broader investment thesis tied to South Korea's new reforms to legalize won-backed stablecoins. This positions Circle as a key global proxy for stablecoin adoption, echoing the local "Kimchi premium" phenomenon where retail investors aggressively chase high-volatility assets. In other news, crypto exchange OKX is considering a U.S. initial public offering (IPO), according to its Chief Marketing Officer Haider Rafique in an interview with The Information. The announcement triggered a sharp, albeit temporary, 9.8% spike in OKX's native token, OKB, which jumped from approximately $50 to $55.11 before retracing. This potential IPO signals renewed confidence in OKX's U.S. strategy, following a recent $500 million settlement with the Department of Justice.

According to @CryptoMichNL, crypto exchange OKX is considering an Initial Public Offering (IPO) with the United States as its preferred market, as stated by its Chief Marketing Officer Haider Rafique in an interview with The Information. This news prompted a significant but temporary 9.8% spike in OKX's native token, OKB, which surged from just over $50 to a high of $55.11 before retracing. The potential IPO indicates renewed confidence in the exchange's U.S. strategy after it settled with the Department of Justice for $500 million. In separate regulatory news, the Dutch exchange Bitvavo has successfully secured a Markets in Crypto-Assets (MiCA) license from the Netherlands' financial authority, enabling it to operate across all 30 nations within the European Economic Area. Bitvavo's CEO, Mark Nuvelstijn, stated this license would help the company achieve its goal of becoming Europe's leading digital asset platform.

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.