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OKX will permanently burn 65.26 million OKB tokens from reserves, fixing the total supply at 21 million.
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The exchange will also upgrade the OKB smart contract to remove minting and manual burn functions.
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The announcement triggered a 170% surge in OKB’s price.
Massive Supply Cut
OKX announced a major change to its tokenomics, including a one-time burn of over 65 million OKB tokens currently in company reserves from past buyback programs. Once complete, OKB’s total supply will be permanently capped at 21 million.
Smart Contract Upgrade
The OKB smart contract will be upgraded to disable both token minting and manual burns, effectively locking the supply forever. This move is designed to increase transparency and investor confidence in the token.
OKTChain to Be Retired
OKX also revealed it will discontinue its OKTChain, with existing OKT tokens converted to OKB based on average closing prices between July 13 and August 12, 2025. OKTChain will remain active until January 1, 2026.
Market Reaction
Following the announcement, OKB’s price surged by 170% to $124, reflecting strong investor enthusiasm for the deflationary tokenomics shift.
