- According to reports, OKX conducted the 23rd OKB repurchase and burning on March 16.
- The crypto exchange burned approximately 11.48 million OKB, equivalent to about $744 million.
- The latest burn exercise tops the previous one by about $114 million, setting a record.
According to reports, OKX conducted the 23rd OKB repurchase and burning on March 16. The renowned cryptocurrency exchange burned approximately 11.48 million OKB, equivalent to about $744 million, again setting a new high.
OKX conducted the 23rd OKB repurchase and burning on March 16. The number of OKB was approximately 11.48 million, equivalent to approximately $744 million, once again setting a new high. OKX previously stated that it would be burned based on market and operational performance,…— Wu Blockchain (@WuBlockchain) March 16, 2024
It is essential to note that OKX previously stated it would burn OKB based on market and operational performance without disclosing specific rules. The latest burn exercise tops the previous one by about $114 million. The last OKB burn was in December 2023, when OKX repurchased and burned OKB tokens worth approximately $630 million.
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