OKX Cryptocurrency Exchange Completes Record 20th Burn of Popular Altcoin OKB

The prominent cryptocurrency exchange OKX recently confirmed in an announcement that it has successfully finished the 20th burn for the well-liked altcoin OKB. This process witnessed record repurchases and burns, withdrawing approximately 5.5 million OKB, equivalent to $244 million, from the token supply. The Largest OKB Burn to Date OKX, listed among the world’s largest cryptocurrency exchanges by volume, performed the biggest OKB repurchase and burn to date within the framework of its monthly burn program for OKB. The 20th OKB burn, reflecting the total burns carried out over the quarter, was announced to have removed about 5.5 million OKB, valued at $244 million, from circulation between March 1, 2023, and May 31, 2023. According to OKX, when calculated based on a 90-day average price, the burned OKB is worth around $258 million. Chinese crypto journalist Colin Wu reported that OKX carried out the highest quarterly OKB burn so far. […] The post OKX Cryptocurrency Exchange Completes Record 20th Burn of Popular Altcoin OKB appeared first on COINTURK NEWS.