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OKB Coin has defied the bears, surging from $46.1 to a record high of $258. The native token of cryptocurrency exchange OKX has posted monstrous gains of around 430%, shocking crypto market watchers.
The frenzy followed the company’s execution of a one-time burn of 65.26 million OKB tokens, cutting the supply by more than 50%. The tokens removed were worth around $7.6 billion at current prices. Also, OKX has capped the total supply at 21 million tokens, similar to Bitcoin, making tokens more scarce, which led to an explosive price rally.
#Bitcoin dumping!$ETH dumping!
But only one coin in the Top 100 is breaking records right now: $OKB
Here’s why it’s ripping:
1️⃣ A historic burn@okx permanently removed 65.26M OKB (~$7.6B) from supply. Circulating supply dropped by more than 50%. Total supply is now locked… pic.twitter.com/mRGVvkSI0G
— Sjuul | AltCryptoGems (@AltCryptoGems) August 21, 2025
OKB token was consolidating below the $70 mark, a multi-year resistance level. However, with this breakout, it has reached a new lifetime high. The token volumes have surged massively; currently, the last 24-hour volumes sit at $1.95 billion.
This move has sent shockwaves throughout the crypto market, and many tokens are already gaining momentum. The best ICO token of 2025, Bitcoin Hyper, has also achieved a tremendous milestone, surpassing $11 million mark in its presale. Crypto analysts predict that, after exchange listing, HYPER could replicate the OKB price growth curve.
OKB Coin 65 Million Token Burn and “X Layer Unlock”
With the largest single token burn event, OKB has attracted massive attention from market participants. The crypto exchange burned 65 million tokens. The burn basically means that the tokens are sent to a wallet address that is inaccessible. This event has become the largest deflationary event in exchange token history.
The team announced the event on August 13th, and the effect of this large-scale operation was immediate, sending the OKB token price through the roof.
OKX’s rival, Binance, the world’s biggest crypto exchange, burns BNB tokens every quarter as part of its long-running process. This large burn removed a significant number of OKB tokens from circulation, which greatly boosted the price.
We are making a strategic upgrade to @XLayerOfficial, aiming to build a leading public chain focused on DeFi, payments, and RWAs.
Key updates:
1️⃣ Underlying tech – PP upgrade
2️⃣ Ecosystem development strategy
3️⃣ Deep integration with OKX Wallet, OKX Exchange & OKX Pay
4️⃣… pic.twitter.com/OU4EpKtuJz— OKX (@okx) August 13, 2025
With the token burn, OKX also upgraded its platform with the new X Layer blockchain, built on Polygon’s CDK technology. The upgrade will make OKB the exclusive token for gas fees and all functions across the entire OKX ecosystem.
OKB Price Prediction: Faces Rejection From $250, What’s Next?
A vertical rally has occurred in the OKB coin, and investors are now asking whether it can sustain the momentum. The price consolidated near the $130 level, but bulls took the charge, pushing the price above $250 psychological mark.
However, on Friday, the token experienced strong selling pressure near the $250 level. At the time of writing, the OKB price is hovering above the $220 level, showing a decline of 15% from the recent ATH.
Image Courtesy: TradingView
Lower timeframe analysis shows that $210 is acting as a support level, with price testing it multiple times. Currently, the asset is trading in $210-$225 range, but this volatility has caused investors great anxiety who entered near the highs.
Reviewing the lower timeframe of the OKB price chart shows bearish indications. It has already broken below the 20-day moving average, which previously acted as a strong support, while the momentum oscillator also reveals significant selling pressure. The Relative Strength Index (RSI) currently stands at 89, well above the overbought zone.
Many experts believe that this is the perfect time to rotate profits to potential projects like Bitcoin Hyper.
Bitcoin Hyper: An Emerging Power in BTC Infrastructure
The OKB coin has already seen a significant rally, and now investors are turning to the emergent Bitcoin layer-2 platform, Bitcoin Hyper, to seize the next explosive growth opportunity in 2025.
While Bitcoin dominates the crypto market, its technology remains basic and slow, handling only about seven transactions per second. Bitcoin Hyper changes that by bringing speed, scalability, and advanced functionality to the Bitcoin network.
Bitcoin Hyper is building a full-scale Layer 2 that unlocks sub-second transactions and Solana-style smart contracts for Bitcoin. At its core lies the Canonical Bridge, a decentralized and noncustodial system that lets users lock BTC on the main chain and mint a 1:1 pegged version on Bitcoin Hyper.
The presale numbers clearly show its success:
- $11.28 million raised.
- Bargain price of $0.012775.
- HYPER stake reward of up to 133%.
- 50s-100x surge potential after the launch.
HYPER token is still in presale and trading at a highly undervalued price. With its low market cap, it offers an early entry opportunity that won’t last long. Investors can secure their allocation now before exchange listings drive wider adoption.