Key Notes
OKB registered a staggering 110% increase in price over the last 7 days.
OKX recently conducted a permanent burn of 279 million tokens, which likely triggered the price gain.
The exchange also upgraded its X Layer to become a more advanced public blockchain.
OKB OKB $94.46 24h volatility: 4.1% Market cap: $1.98 B Vol. 24h: $682.28 M , the native token of the OKX cryptocurrency exchange, has registered a staggering 110% increase in price over the last 7 days.
This suggests renewed interest in the digital asset and, possibly, growing institutional demand, a trend now common with crypto assets.
The price rally coincides with a recent massive incineration of 279 million OKB.
OKB Burn Likely Pushed Price Higher
On-chain data shows that OKX recent