TL;DR
- OKB tapped $135, its highest value ever, earlier than pulling again 11% inside the hour.
- One-time burn of 65M OKB lowered provide to 21M, fueling a speedy value surge and a report excessive.
- RSI at 94.73 reveals sturdy shopping for stress, whereas the Steadiness of Energy studying favors bullish market management.
Value Jumps on Token Burn and Improve
OKB stole the present at this time after a large triple-digit surge that drove it to a brand new all-time excessive of $135. This spectacular rally has materialized largely previously day as OKB’s weekly and month-to-month positive aspects are much like at this time’s surge.
The whole buying and selling quantity has risen to over $2.2 billion, in line with CoinGecko knowledge. Though OKB has retraced since its peak, it’s nonetheless 132% up each day and sits effectively above $100.
Maybe probably the most possible cause behind the token’s surge is OKX’s resolution to burn greater than 65 million OKB in a one-time occasion. After the burn, the overall provide will stand at 21 million.
OKX additionally introduced an improve to X Layer, its zkEVM blockchain constructed with Polygon. The change, referred to as the PP improve, provides new Polygon CDK options. Throughput will rise to five,000 TPS, fuel charges will drop, and Ethereum compatibility will enhance. X Layer will hyperlink with OKX Pockets, OKX Trade, and OKX Pay for options equivalent to gasless withdrawals.
Token Construction and Chain Adjustments
OKTChain will probably be retired, and OKT buying and selling will finish on August 13, 2025. Remaining tokens will convert to OKB on August 15 utilizing a median value. The chain will stay open for deposits till January 1, 2026.
OKB stays because the native fuel token for X Layer. The Ethereum L1 model will probably be phased out. Holders should bridge tokens to X Layer earlier than L1 withdrawals are closed. Plans additionally embrace an ecosystem fund, liquidity rewards, and upgrades to bridges, oracles, and compliance methods.
Technical Readings and Dealer View
RSI is at 95, which reveals sturdy shopping for stress and an overbought market. Such ranges are unusual however can final when strikes are pushed by information.
The Steadiness of Energy is 0.62, displaying patrons have management. Excessive readings like this usually seem during times of heavy accumulation.
Dealer Efloud mentioned,
“Maybe I’m a market maker. I don’t know but… we have to get pleasure from our earnings.”
He had earlier famous {that a} pullback into the $43.3–$42.4 vary would have him looking forward to a bullish construction on decrease timeframes.
$OKB | Replace
Nothing a lot to say.
Verify quoted put up, then examine this one.My requirements are excessive however this rise has surpassed even me.
Maybe I’m a market maker. I don’t know but.The one factor I do know is that we have to get pleasure from our earnings https://t.co/wBJIbafSqK pic.twitter.com/jMva60gVXR
— Efloud (@EfloudTheSurfer) August 13, 2025
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