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OKB joined 221% reaching a new summit of $ 148.9 before going back to $ 106 at the time of the press. The OKX team announced a 65.2 million token burn and capped the total offer at 21 million tokens.
OKB Crypto climbed a local hollow of $ 46 to a new summit of $ 148.9, marking an increase of 221% before finding itself considerably.
At the time of writing this document, OKB was negotiated at $ 106, representing an increase of 125% compared to last week.
During the same period, Altcoin’s market capitalization increased from $ 2.8 billion to $ 8 billion before cooling at $ 6.27 billion. Likewise, the volume of Altcoin jumped 17,150% to $ 1.3 billion.
As a rule, when market capitalization and volume increase side by side, this indicates an increase in capital flow and growing network activity.
But what started this increase?
Burn token burn inspires a rally
As Ambcrypto observed, the recent OKB prices increase was mainly motivated by the recent burn and upgrade of the OKX network.
On August 13, the OKX team confirmed that a single burning transaction will be executed on August 15, 2025.
The team announced that OKX would remove 65.2 million OKB permanently from traffic. The burn comes from historical redemptions and reserves of the Treasury and will leave the total offer of OKB capped at 21 million.
In addition to the Burn token, OKX has announced a significant upgrade of its public chain of Ethereum virtual machine (ZKEVM). This upgrade incorporates the latest Polygon CDK technology, increasing the rate of 5000 TPS transactions.
With this, the gas costs of the network are reduced to zero, and it improves the compatibility of Ethereum with the developers. These two handsets played an important role in increasing the price increase in OKB.
Channel activities also increase
In particular, after the recent OKX announcement, the new participants flocked to the ecosystem, increasing the use of the network.
According to cryptocurrency data, OKB’s active addresses reached an annual 1.81K summit at the time of the press. Such a peak in active users reflects an increasing demand for assets.
Source: cryptocurrency
Other evidence comes from a positive divergence of price-DAA.
According to Santiment, at the time of the press, the DAA divergence of Altcoin became positive for the first time in thirty days.
This metric generally signals organic demand when it becomes positive in parallel with an increase in active addresses. Such a request often creates upward pressure of prices, potentially preparing the land for new gains.
Source: Santiment
The providers for profit come
As expected, as prices have increased, appetite for investors and collection holders.
On August 13, OKB spot, Netflow reached a summit of $ 41 million, then decreased to – $ 1.1 million at the time of the press.
Source: Coringlass
Consequently, the supply of altcoin on exchanges has jumped with rarity reaching recent stockings. According to Santiment, the Okb action / flow ratio fell to almost zero compared to a recent 133K summit.
When the stock / flow ratio decreases, it suggests that there are more tokens available on trade for sale immediately. As a general rule, the increase in sales pressure causes downward pressure, resulting in a drop in prices.
Source: Santiment
Can OKB contain recent gains?
According to Ambcrypto’s analysis, OKB joined after a 45 million token burn and an upgrade of the network. As a result, investors rushed to the market, causing a speculative demand.
In the midst of this, the relative force index of Altcoin (RSI) jumped at 94, reaching the territory of Surachat. Likewise, its Stochastic RSI climbed to 95, also striking the excessive area at the time of writing.
Source: tradingView
As a general rule, when Momentum indicators are in this way, they report the domination of buyers, but also warn of brewing volatility.
That said, if the demand recently witnessing demand, OKB will continue the upward trend, will recover $ 148 and target a new summit.
Conversely, if the providers to take advantage of the market as the buyer fades, the Altcoin will throw himself again and find the support of around $ 74.
