The OKB token has delivered an explosive rally over the past few days, resulting in it catching traders and investors eye. Within one week, OKB has surged more than 104%, from around $117 on August 18, 2025 to $239 at the time of writing.
For a long time OKB has been trading around $50 and now it has jumped 4x, grabbing attention from all the market participants. This sharp price move has ignited an intense discussion about whether the token is entering a new bullish cycle or simply overheating for a short term.
Let us understand the top reasons why the OKB price has outperformed all the top cryptocurrencies in the market this week.
65 Million OKB burned, supply capped at 21 Million
As per the data of Etherescan, OKX permanently burned 65.26M OKB tokens worth approximately $7.3 billion on August 15. This has resulted in the total supply cutting down to 21 million from 300 million initially. With this, 52% of circulating tokens were forever lost. Notably, this move was a mirror to Bitcoin’s hard-capped model.
Ideally, scarcity mechanics typically boost demand if utility remains intact. Moreover, OKB’s fixed supply reduces bearish pressure while positioning it as a long-term asset. Historical data has proven that similar burns often resulted in major rallies.
Most Awaited X Layer network upgrade
Adding to this, OKX has upgraded its zkEVM-based X Layer to a high of 5,000 TPS and has also integrated it with core products such as wallet, exchange, and payment system. This shows a major upgradation in its fundamental prospects and further highlights a more stable long-term outlook.
A faster, more integrated network attracts developers and users, driving genuine adoption. This growth in on-chain activity directly increases the demand and utility for the OKB token. The OKX exchange has already initiated supply scarcity through its recent burn program, expanding utility at the same time, providing a strong fundamental basis for its recent price surge.
OKB Technicals Record Overbought Situation
In the weekly time frame, OKB has surged upwards with new momentum. The spike rise shows a high market turnover, and indicates a high demand among the investors. However, parabolic moves can be followed by massive volatility. Hence, under such situations, risk management is really important.
The Relative Strength Index (RSI) is resting at 94.15 which means that OKB is in the overbought zone (extremely bullish). Historically, trend has suggested caution and with such an outrageous surge, a pullback or consolidation period is highly likely within a short period. This further suggests a lookout for the altcoin, as it may experience a major correction within a short period.
On the other hand, a strong bullish move is supported by the Moving Average Convergence Divergence (MACD) line at 19.08 and the signal line at 14.27. Considering the present market sentiments, it is advised to closely monitor the price action of this altcoin.
The OKB Bullish breakout is supported by volume and momentum as seen in the chart. This trend suggests that the involvement of the bulls in the market has significantly increased.
A long-term perspective does not change, but the short-term traders can anticipate increased volatility and possible corrections in the near future.
Also Read: Wealthy Asian Investors Boost Crypto Holdings Amid Surge
Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.