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 @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 @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.