OKX burned more than 31 million OKB

The OKX crypto -rope has implemented the 27th stage of burning its own tokens. This time, she deduced 31.16 million OKB, according to Dune Analytics.

The dynamics of burning tokens OKX exchanges. Source: Dune Analytics.

At the time of preparation of the material, the number of burned assets of the OKX crypto service was estimated at almost $ 1.4 billion. This indicator became record both in terms of quantity and the total cost.

The price of OKB token on the OKX exchange is at $ 44.67, according to TradingView at the time of writing.

Daily OKB/USDT schedule on the OKX exchange. Source: TradingView.

As of March 14, 2025, the number of tokens burned by the exchanges exceeded 171 million OKB and is 57.1% of the total asset offer, while almost 129 million OKB is in the circulation, according to Dune Analytics.

OKX has been burning since 2019 every three months in the framework of its program.

Recall that at the end of 2024, the Bitget exchange announced plans to burn 40% of the total BGB asset supply.

Later, the L1-solution of Cronos announced the possibility of re-release of burned tokens to accommodate them in a strategic reserve.

Be in the know! Subscribe to Telegram.

Source: Cryptocurrency

You may also like