Bitcoin wallets inactive for 11 years sent 107 BTC ($8.3M) to a burn address, tightening supply as price holds $75991.11 on 4h chart.

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 PeckShieldAlert, FirstDigitalLabs has burned a total of 87 million FDUSD in the last 24 hours, involving a significant transfer of approximately 49 million FDUSD from a Wintermute-related address to FirstDigitalLabs, which was subsequently burned. This activity may affect the FDUSD liquidity and could influence its market price, impacting trading strategies.

According to Justin Sun, 100% of the trading fees generated on apenft.io will be used to buy back and burn APENFT tokens. This strategy aims to reduce the token supply and potentially increase its value.