OKB coin price surged past $194 on Friday, climbing over 7% in 24 hours and putting the exchange token within striking distance of its all-time high, as deflationary tokenomics and ecosystem growth continue to attract traders.
The rally comes just weeks after the OKX crypto exchange executed a historic one-time burn of 65.26 million OKB on August 15, cutting total supply in half to 21 million tokens.
The move mirrors Bitcoin’s scarcity model and has amplified OKB’s store-of-value narrative. With the circulating supply now fixed, even modest demand increases can trigger outsized price swings.
Daily trading volume surged 56% to $334 million, according to CoinMarketCap, reflecting heightened interest in the token. Data shows OKB’s low velocity (0.0815 turnover ratio) signals that investors are accumulating rather than actively trading.
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Beyond supply dynamics, OKB is also benefiting from the rollout of OKX’s X Layer, a zkEVM-based blockchain boasting 5,000 transactions per second and near-zero fees.
Launched as the ecosystem’s default network in early August, X Layer integrates with OKX Wallet, Exchange, and Pay, with the OKB coin as the sole gas token.
Usually, network activity will directly translate into token demand, showing there’s a growing linkage between X Layer adoption and OKB price valuation.
Traders See Breakout in OKB Coin Price
Crypto Twitter lit up after OKB cleared $190 resistance. Popular trader Vegeta Crypto told his 107K followers that if the OKB price could hold above $190, it could retest its all-time high of $257 set just last month.
OKB coin price is trading well above its key moving averages, with a 50-day average at $175 and a 200-day average at $130, indicating a strong upward trend. The RSI is also above 80, and the MACD is in positive territory.
Immediate resistance is at $206.97, which is the 23.6% Fibonacci retracement, with short-term support between $176 and $180. Analysts warn profit-taking could cause pullbacks, but the bullish trend should continue as long as OKB Coin stays above the $190 breakout level.
