OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges

OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%.

Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line…

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