OKB Continues Its Rally, Rising 12% in One Day


OKB, the native token of the OKX exchange, continues its rally by rising more than 12% to US$126.9 in today's trading, Tuesday (19/08). According to CoinGecko, OKB is the top gainer, outperforming tokens AB and POL.
Its rise has become even higher after previously soaring more than 100% due to the company's plan to burn a large portion of the OKB supply and limit the amount to only 21 million.
In other words, the decreasing number of circulating tokens will increase market demand due to its scarcity.
However, after that decision, it was recorded that US$2.06 billion in the form of OKB was known to have moved to the OKX exchange. This action should be watched out for as it has the potential for profit-taking to occur in the near future.
TOKEN-1.34%
AB-0.38%
POL-2.1%
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