OKX just made a shock move. It burned 65,256,712.097 $OKB. That cut the total supply to 21 million. The shift removes three quarters of the previous total. Traders reacted fast. $OKB shot from $47 to $142 inside two hours. That’s roughly a 202% spike. The pump was immediate and violent. 【. @okx 這次玩真的？銷毀 75% 代幣，對標 $COIN 夢想價 3,940！】 TL;DR – OKX 宣布 $OKB 銷毀約 75% 的代幣供給，總量限縮為 2,100 萬枚 – 對標 COIN 股票市值，OKB 價格可達 3,940 美元 – 銷毀份額來自已回購且未流通的代幣，不會改變流通市值，只影響 FDV -… pic.twitter.com/MPzm9uX30t — Fomo 仔 (@0xfomor) August 13, 2025 CoinMarketCap snapshot: price moves, circulating supply context, market reaction tracked in real time. At the new price range, the fully diluted valuation (FDV) re-frames differently. Use the price × 21,000,000 to see the new FDV. The burned tokens came from repurchased and treasury reserves. Those tokens were non-circulating before the burn. So, the circulating market cap stays the same. Only the FDV changes. This is a tokenomics detail, not a cash event for traders. Put plainly: nothing new entered the market. Scarcity changed on paper. Perception changed in price. How Cheap Is $OKB Now, Versus Regulated Exchanges OKX has transferred 65.26M $OKB ($7.29B) to the buy-back and burn wallet in the past hour. The total supply of $OKB is now fixed at 21M $OKB ($2.25B). Following the $OKB burn announcement, $OKB surged ~190% today, breaking through $135. https://t.co/j4DKSma6yC … pic.twitter.com/RVDA8IhboG — Lookonchain (@lookonchain) August 13, 2025 OKX has been pushing toward compliance. That positions it near regulated North American exchanges. Yet the FDV math looks small compared to public exchange valuations. For context : OKB FDV (post-burn): ~$2.1B (price × 21M). Coinbase (public company market cap): ~$82.8B. Kraken (last raise/round): ~$15B. OKX beats both on spot trading volume. But OKB’s FDV sits a tiny fraction of Coinbase’s market value and Kraken’s valuation. That gap is stark. How it stacks up against second-tier exchange tokens. Compare FDVs: your numbers show OKB near $2.1B, while peers sit higher: @Bybit_Official $MNT, $680M @bitgetglobal $BGB, $5.42B @Gate $GT, $5.57B With equal or higher trading activity, OKB’s valuation looks conservative. The new 21M cap introduces a scarcity narrative that markets may not yet price in. A Warning: Emotional Pumps vs Fundamentals Remember this: the burned tokens were already off-market. Lookonchain confirms the transfer to a buy-back & burn wallet. The move triggered emotion. Not all short squeezes reflect a change in free float or selling pressure. Compare it to how some projects buy and park tokens in funds (e.g., fee-buy programs). Those parked tokens don’t become immediate sell pressure. They support narrative, not instant liquidity. On-chain $OKB Confirmation And Final Numbers Lookonchain flagged the 65.26M transfer to the burn wallet and the new 21M total supply in real time. That on-chain trace is public. The new FDV math (price × 21M) yields roughly $2.1B–$2.3B depending on the price snapshot. Bottom line: The burn rewrites OKB’s supply story. It doesn’t magically change circulating market cap. It does create a scarcity pitch. If you’re thinking of “aping in” because of low FDV, pause. Exchange tokens are controlled and opaque. Due diligence still matters. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !