In a recent move, OKX has permanently eliminated 278,999,999 OKB tokens, valued at over $26 billion at current market rates. On-chain tracking data confirmed that this is the single largest burn in the token’s history.
The burn emerged through public blockchain data, with observers noting the massive transfer of OKB tokens into an irretrievable burn address. While OKX has not officially published this figure, on-chain verification validates the definitive removal of nearly 279 million tokens from circulation.
On August 13, 2025, OKX confirmed a one-time burn of 65.26 million OKB tokens, reducing the total supply by over 50% and capping it at 21 million. The cap is significant as it symbolically aligns with Bitcoin’s hard limit.
Tokenomic overhaul
Following the August burn, OKX’s tokenomics underwent a major transformation. Besides the total supply being permanently capped at 21 million OKB, they have also made upgrades to smart contracts like removing minting and discretionary burn functions to lock future supply. Now the ecosystem will phase out OKX’s OKTChain, with OKT tokens converting to OKB through early 2026.
Price performance post-burn
OKB spiked over 170%, briefly reaching up to $142 post the burn. At the time of reporting, the trading price hovered around $95 with a fully fixed supply of 21 million OKB. Some short-term volatility was noticed immediately after, with the price dropping by 4%, but it managed to find a new equilibrium around $95.
