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 @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.