{"id":343992,"date":"2025-08-14T13:48:11","date_gmt":"2025-08-14T13:48:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/343992\/"},"modified":"2025-08-14T13:48:11","modified_gmt":"2025-08-14T13:48:11","slug":"okb-soared-221-to-a-new-all-time-high-amid-65-million-token-burn","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/343992\/","title":{"rendered":"OKB soared 221% to a new all time high amid 65 million token burn"},"content":{"rendered":"<p>\t\t\t\t\t\t\t\tKey Takeaway<\/p>\n<p>OKB rallied 221% reaching a new all-time high of $148.9 before retracing to $106, at press time. OKX team announced a 65.2 million token burn and capped total supply to 21 million tokens.\u00a0<\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/okb-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">OKB crypto<\/a>\u00a0soared from a local low of $46 to a new all-time high of $148.9, marking a 221% increase before significantly retracing. <\/p>\n<p>At the time of writing, OKB was trading at $106, representing a 125% increase over the past week.\u00a0<\/p>\n<p>Over the same period, the altcoin\u2019s market cap surged from $2.8 billion to $8 billion before cooling off at $6.27 billion. Likewise, the altcoin\u2019s volume surged 17150% to $1.3 billion.<\/p>\n<p>Typically, when market cap and volume rise alongside each other, it signals increased capital flow and growing network activity.<\/p>\n<p>But what triggered this uptick?<\/p>\n<p><strong>OKB token burn inspires a rally\u00a0<\/strong><\/p>\n<p>As observed by AMBCrypto, OKB\u2019s recent price upswing was primarily driven by the recent OKX token burn and network upgrade.\u00a0<\/p>\n<p>On the 13th of August, the <a href=\"https:\/\/www.okx.com\/help\/announcement-on-the-pp-upgrade-of-x-layer-and-optimisation-of-the-okb-gas?channelid=ACEAP6502255\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">OKX team<\/a> confirmed that a one-time burn transaction will be executed on August 15 2025.\u00a0<\/p>\n<p>The team announced that OKX will remove 65.2 million OKB permanently from circulation. The burn comes from historical repurchases and treasury reserves and will leave OKB\u2019s total supply capped at 21 million.\u00a0<\/p>\n<p>Besides the token burn, OKX announced a significant upgrade to its Ethereum Virtual Machine (zkEVM) public chain. This upgrade integrates the latest Polygon CDK technology, boosting transaction throughput to 5000 TPS.\u00a0<\/p>\n<p>With this, the network\u2019s gas fees get slashed to near zero, and it improves Ethereum\u2019s compatibility with developers. These two combined played a significant role in boosting OKB\u2019s price uptick.\u00a0<\/p>\n<p><strong>On-chain activity surges too\u00a0<\/strong><\/p>\n<p>Notably, following OKX\u2019s recent announcement, new participants flowed into the ecosystem, boosting network usage.\u00a0<\/p>\n<p>According to CryptoQuant\u2019s data, OKB\u2019s Active Addresses surged to a yearly high of 1.81K, at press time. Such a spike in active users reflects growing demand for the asset.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-Active-Addresses-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-518902\" class=\"wp-image-518902 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"OKB active addresses\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-Active-Addresses-1.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-518902\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<p>Further evidence comes from a positive Price-DAA Divergence.\u00a0<\/p>\n<p>According to Santiment, at press time, the altcoin\u2019s DAA Divergence turned positive for the first time in thirty days.\u00a0<\/p>\n<p>This metric typically signals organic demand when it turns positive alongside a rise in active addresses. Such demand often creates upward price pressure, potentially setting the stage for further gains.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-price-DAA.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-518904\" class=\"wp-image-518904 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"OKB Price DAA Divergence\" width=\"2560\" height=\"867\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-price-DAA.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-518904\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<p><strong>Profit takers jump in<\/strong><\/p>\n<p>As expected, as prices surged, so did the appetite for investors and holders to cash out. <\/p>\n<p>On the 13th of August, OKB\u2019s Spot Netflow surged to an all-time high of $41 million, then declined to -$1.1 million at press time.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/okb-netflow.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-518900\" class=\"wp-image-518900 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"OKB Netflow\" width=\"1852\" height=\"525\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/okb-netflow.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-518900\" class=\"wp-caption-text\">Source: CoinGlass<\/p>\n<p>As a result, the altcoin supply on exchanges surged with scarcity reaching recent lows. According to Santiment, OKB\u2019s Stock to Flow Ratio declined to almost zero from a recent high of 133K.\u00a0<\/p>\n<p>When the Stock to Flow Ratio declines, it suggests that there are more tokens available on exchanges to sell immediately. Typically, increased selling pressure causes downward pressure, leading to lower prices.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-OKB-stock-to-flow.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-518901\" class=\"wp-image-518901 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"OKB stock to flow ratio\" width=\"2560\" height=\"867\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/OKB-OKB-stock-to-flow.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-518901\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<p><strong>Can OKB hold recent gains?<\/strong><\/p>\n<p>According to AMBCrypto\u2019s analysis, OKB rallied after a 45 million token burn and network upgrade. As a result, investors rushed into the market, causing speculative demand.<\/p>\n<p>Amidst this, the altcoin\u2019s Relative Strength Index (RSI) surged to 94, reaching overbought territory. Likewise, its Stochastic RSI soared to 95, also hitting the overbought zone, as of writing.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/okb-stoch.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-518909\" class=\"wp-image-518909 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"OKB stoch and RSI\" width=\"1442\" height=\"644\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/okb-stoch.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-518909\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p>Typically, when momentum indicators are in such a way, they signal buyers\u2019 dominance, but also warn of brewing volatility.<\/p>\n<p>Having said that, if the recently witnessed demand holds, OKB will continue with the uptrend, reclaim $148 and target a new high.<\/p>\n<p>Conversely, if profit takers overwhelm the market as buyer momentum fades, the altcoin will dip again and find support around $74.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/will-320m-xrp-whale-buys-push-the-price-past-3-50\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Will 320M XRP whale buys push the price past $3.50?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaway OKB rallied 221% reaching a new all-time high of $148.9 before retracing to $106, at press&hellip;\n","protected":false},"author":2,"featured_media":343993,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-343992","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115027437449991170","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/343992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=343992"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/343992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/343993"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=343992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=343992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=343992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}