The biggest catalyst behind the current OKB rally is the historic OKB token burn carried out on August 13, 2025. OKX permanently removed more than 65 million OKB, worth around $7.6 billion, cutting the circulating supply by nearly 52% and capping the maximum supply at 21 million tokens. This move positioned OKB alongside Bitcoin as one of the most scarce assets in crypto.
The supply shock immediately shifted sentiment, triggering massive buying interest and propelling the OKB price from below $50 to above $200 in just a few weeks. For long-term investors, this tokenomics upgrade strengthens OKB’s reputation as a deflationary, store-of-value-style exchange token with significant upside potential.
X Layer Migration Expands Utility
While scarcity creates value, utility drives demand—and OKX has delivered with its X Layer blockchain migration. Built using Polygon’s zkEVM, X Layer offers high scalability and ultra-low transaction costs, making it a powerful ecosystem for DeFi, NFTs, and payments. Most importantly, OKB is now the exclusive gas token for X Layer, ensuring that every transaction within the ecosystem requires OKB.
With the older OKT Chain being retired and OKT tokens converted into OKB, liquidity and adoption are consolidating around one flagship token. Reports suggest that over 90% of the OKB supply has already migrated to X Layer, reflecting strong community adoption. This utility expansion strengthens OKB’s fundamentals, making it more than just an exchange token and positioning it as the backbone of OKX’s growing Web3 ecosystem.
Market Momentum and OKB Price Prediction
The combination of reduced supply and expanded utility has ignited unprecedented market activity. Within 24 hours of the burn, OKB’s trading volume surged by nearly 19,000%, while derivatives markets saw futures volume climb 356% and open interest jump 239%. This inflow of liquidity has created a powerful feedback loop of bullish momentum.
From a technical perspective, OKB price prediction models highlight strong continuation potential, with momentum indicators like OBV and Chaikin Money Flow pointing to sustained demand. However, an RSI above 90 signals overbought conditions, suggesting possible pullbacks toward the $175–$150 support zone before resuming upward momentum. If bullish sentiment holds, analysts suggest a potential next target around $250, making OKB one of the most promising tokens in the current market cycle.
The surge in OKB price is powered by three core drivers: a record-breaking OKB token burn, increased utility through the X Layer migration, and massive trading activity across spot and derivatives markets. While short-term corrections are possible due to overbought technicals, the long-term outlook remains bullish as OKB evolves into a scarce, utility-driven asset within the OKX ecosystem.
