Leading cryptocurrency exchange OKX broke a new record by burning hundreds of millions of dollars worth of OKB.
OKX, 21. OCD buyback And burning process Completed on September 11. On-chain analysis firm dune In total, according to data provided by $255 million worth 6.14 million OCD withdrawn from the circulating supply and burned. carried out by the stock exchange 6.14 million OCDcombustion process of largest transaction ever It was recorded as.
In the announcement made on the OKX official website, it was stated that so far the total price is approximately 2.91 worth a billion dollars 70.18 million OCDIt was stated that he was burned. On the other hand, the declared value of cremation 255 million of the dollar, June 1 And 31 August between the dates 90 days It was stated that it was calculated by taking the average.
It has been going on for about 4 years and its starting date May 4, 2019Within the scope of the incineration and buyback program based on once in 3 months maximum supply 300 million OCD is treated regularly.
Will the price rise?
OCD in the long term deflationary in a structure It is noteworthy that it is in a regular upward trend.
Following the announcement of the buyback and incineration operation September 12 as of around $40.6 The next target of OKB, which received a reaction from the current support level, is for $44.4 It is thought to rise by .
If OCD also exceeds this level and persists above it 49-50 dollars It is estimated that it will push the resistance in the band. According to CoinGecko data, in the past 24 hours 0.9% rising OCD while writing from $44 finds buyers.