OKB Soars Following $7.6B Token Burn and Network Enhancement
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 21 2025
OKB Market Performance: OKB is currently trading at around $205 with a market cap of $4.3 billion, following a significant price rally that peaked at $240 earlier this week.
Token Burn Impact: On August 15, OKX permanently removed 65.26 million OKB from circulation, reducing the supply by 52% and aligning it with Bitcoin's capped supply model, which may encourage speculative buying.
Network Upgrade Benefits: The recent "PP Upgrade" of OKX’s zkEVM-based X Layer network has improved transaction throughput to 5,000 per second and reduced gas fees, enhancing integration with OKX Wallet and positioning OKB as a key gas token.
Future Price Scenarios: Analysts predict three potential outcomes for OKB's price: a bullish rise above $214 towards $260-$300, a consolidation phase between $180-$220, or a bearish drop below $180 back to $150, depending on market sentiment and support levels.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
