Why OKX Just Burned $26 Billion Worth of Ethereum Tokens
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最新报道：OKX executed a massive burn of 279 million Ethereum-based OKB tokens worth $26 billion, reducing total supply from 300 million to 21 million to match Bitcoin's scarcity model. The move, part of OKB's "economic upgrade," initially drove prices up 100% to a record $135.12 before settling at $90.36. The exchange will upgrade OKB's smart contract on August 18, removing minting/burning functions as it shifts focus to its Ethereum L2 network X-Layer, which recently integrated Polygon's CDK for better performance. OKX is discontinuing OKT Chain, with OKT tokens converting to OKB, while expanding U.S. operations amid reported IPO plans.
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