Chinese crypto journalist and blogger Colin Wu said OKX has removed a large portion of its native OKB tokens this year. shared. Meanwhile, Whale Alert detected some movements involving large amounts of OKB tokens. Details are here.
Final Burn
According to a blog post by the OKX crypto giant, the 19th round of the undo and burn program started on December 1 last year and ended on the last day of February 2023. During this time, the team was able to repurchase the altcoin from the secondary market and then send a total of 5,183,976.43 OKB, worth approximately $177,000,000 to dead wallets (dollar value calculated on the 90-day average price).
The announcement also stated that OKX spent 30% of the fees charged on spot transactions to repurchase OKB.
Major OCD Transfers
Leading crypto monitoring platform Whale Alert detected 26 transactions carrying OCD on March 23. It carried a total of 4,680,000 OKB, 180,000 tokens each. All sent to OKX burn wallet (0xFf1Ee8604F9ec9C3bB292633bB939321AE861B30).
Besides, according to the blog post, OKB’s circulating supply stands at 241,454,998 tokens. A total of 58,545.001.93 altcoins have been removed from circulation since 2019.
Finally, OKB is trading at $44.36 at press time. On February 16, OKB prices reached an all-time high of $52.31 after OKX founder Star Xu announced the launch of a new OKBChain.
You can check the price movements here.