Giant Token Burn From Leading Cryptocurrency Exchange: How Has The Price Reacted?

Leading cryptocurrency exchange OKX has carried out its massive token burn, burning approximately 5.5 million units from the local cryptocurrency OKB.

OKX, one of the most popular exchanges of recent times, announced on its official website on June 9, $258 million worth approx. 5.5 million He reported that he had performed 1 OCD burn.

As part of the burn and buyback program launched on May 4, 2019, each once in 3 months maximum supply 300 million Burning is done regularly from OCD. In the statement made today, the stock market announced that this program will be held between March 1, 2023 and May 31, 2023. 20th announced that it was done.

According to the statement, OKX has, so far, totaled about approx. 2.9 worth billions of dollars 64 million OCD burnt out.

On the other hand, the value of burning 258 million dollar, in question 90 days was calculated by taking the average.

OCD near the price didn’t have a big impact. According to CoinGecko data, in the last 24-hour period 1.5% rise performing OCD, at the time of writing at $45.07 is being traded.

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