The post Massive Gains for This Altcoin: OKB Skyrockets 120% appeared on BitcoinEthereumNews.com.

Altcoins With Solana breaking the $200 threshold, there is another altcoin that surprised investors today with its incredible gains. OKB, the native token of crypto exchange OKX, has erupted in price after one of the most aggressive token burns ever seen in the exchange space. On August 13, OKX destroyed 65 million OKB — worth about $7.3 billion — slashing total supply from 86 million to just 21 million. The move instantly sparked comparisons to Bitcoin’s fixed-supply model. By cutting circulating supply by 52% overnight, OKX created immediate scarcity, triggering a flood of speculative buying. The impact was visible across the market: OKB’s 24-hour trading volume soared by 19,007% to $1.08 billion as traders rushed in. X Layer Upgrade Unlocks New Utility Coinciding with the burn, OKX rolled out its “PP Upgrade” to X Layer — a Polygon-powered zkEVM chain now capable of 5,000 TPS with near-zero gas fees. This opens up OKB’s utility in DeFi, payments, and real-world asset tokenization. OKX Wallet, Exchange, and Pay now all default to X Layer, allowing zero-gas withdrawals and transactions when using OKB. This deeper integration is designed to lock the token into OKX’s ecosystem, making it a core part of everyday activity on the platform. OKTChain Shutdown to Boost Demand OKX also announced it will retire its Cosmos-based OKTChain on August 15, converting all OKT tokens into OKB. Around 1.3 million OKT holders will need to swap, creating additional buy pressure. The conversion rate is based on the July 13–August 12 price average of $45–$135, which could spark short-term volatility as traders position themselves ahead of the final exchange. OKB Price Scenarios for Q4 2025 Bullish Case ($150–$175)If adoption of X Layer’s DeFi tools takes off quickly and conversion inflows from OKT remain strong, OKB could continue climbing toward $150 and beyond.…

---

Filed under: News - @ August 13, 2025 3:32 pm