OKX Has Finished Burning $180 Million In OKB
The OKX exchange published the results of the 19th repurchase and burn program, which destroyed millions of OKBs. Colin Wu, a Chinese crypto journalist and blogger, revealed that OKX has sold a large portion of their OKB tokens this year as part of its 19th buyback and burn initiative. Whale Alert found a big quantity of OKB moved from OKX to an anonymous wallet, resulting in the loss of $177,000,000 OKB.
According to a blog post, the 19th cycle of the aforementioned program began in December of last year and will conclude on February 28, 2023. During that period, the OKB team purchased 5,183,976.43 OKB from the secondary market and delivered them to dead wallets, totaling about $177,000,000. According to the article, OKX spent 30% of the spot transaction charge when it purchased back OKB. On March 23, the Whale Alert program spotted 26 OKB transactions. Each transaction moved 180,000 tokens, for a total of 4,680,000 OKB. the OKB price jumped to an all-time high of $52.31.
Source
https://t.me/Crypto_Futures_Trading
