{"id":79982,"date":"2023-06-09T13:41:22","date_gmt":"2023-06-09T10:41:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79982"},"modified":"2025-09-11T14:08:01","modified_gmt":"2025-09-11T11:08:01","slug":"okx-burns-okb-tokens-worth-258-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/okx-burns-okb-tokens-worth-258-million\/","title":{"rendered":"OKX burns OKB tokens worth $258 million"},"content":{"rendered":"<p>The cryptocurrency exchange OKX conducted its twentieth buy-back and burn of native tokens. The platform removed almost 5.5 million OKB from circulation, worth about $258 million (based on the 90-day moving average).<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"zh\\\" dir=\\\"ltr\\\">OKB has completed its 20th buyback and burn, with 5,497,312.77 OKB bought back on the secondary market and burned, worth about $258 million (based on the 90-day average price), transferred to the black hole address. <\/p>\n<p>Currently <a href=\\\"https:\/\/twitter.com\/hashtag\/OKX?src=hash&#038;ref_src=twsrc%5Etfw\\\">#OKX<\/a> has burned a total of 64,042,314.70 OKB, and the circulating supply of OKB is 235,957,685.30.<\/p>\n<p>\u2014 OKX\u4e2d\u6587 (@okxchinese) <a href=\\\"https:\/\/twitter.com\/okxchinese\/status\/1667069581159206912?ref_src=twsrc%5Etfw\\\">June 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The platform launched the OKB Buy-Back &#038; Burn program in May 2019. OKX buys back tokens every three months in accordance with market and operational metrics. The assets are sent to the burn address, to which no one has access.<\/p>\n<p>The cumulative count of destroyed coins reached 64 million. 236 million OKB are in circulation from the initial issuance of 300 million tokens.<\/p>\n<p>The asset&#8217;s price reacted to the quarterly burn with a modest rise \u2014 OKB gained 1.3% in 24 hours. The crypto market capitalization over this period fell by 0.2% (CoinGecko).<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/IOoXdtJM4jD9YW3hyFEqG9l4w2_HG02Jx19pIV_-UYg-TUuctoAtjg7UphNCrzrs8YIderV1nZ9GCPnkPnx7Wd0LNyXF7QoEXNIV9p2rgy2ZS-kNgFDazPm9sNEeXLbGA_Q2Ldcbq6DYnHdGwAiFJBA\\\" alt=\\\"OKX burns OKB tokens worth $258 million\\\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>In May, OKX published its seventh monthly reserve report, <a href=\"https:\/\/u1f987.com\/en\/news\/okx-reveals-10-billion-in-reserves-in-btc-eth-and-usdt\">showing $10 billion<\/a> in Bitcoin, Ethereum and the stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-tether-usdt\">USDT<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange OKX conducted its twentieth buy-back and burn of native tokens. The platform removed almost 5.5 million OKB from circulation, worth about $258 million (based on the 90-day moving average).<\/p>\n","protected":false},"author":1,"featured_media":79983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1291],"class_list":["post-79982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-okx"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79982"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79982\/revisions"}],"predecessor-version":[{"id":79984,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79982\/revisions\/79984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79983"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}