COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: OKX Exchange Completes Record 22nd OKB Token Burn Worth $630 Million
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency Exchanges > OKX Exchange Completes Record 22nd OKB Token Burn Worth $630 Million
Cryptocurrency Exchanges

OKX Exchange Completes Record 22nd OKB Token Burn Worth $630 Million

In Brief

  • While significant volatility followed the FOMC meeting in the cryptocurrency markets, major exchange OKX announced a substantial development. OKX, which has conducted several burns in the past, completed its 22nd OKB token burn.ContentsBuyback from OKX ExchangeCurrent Status of OKB Coin Buyback from OKX Exchange On December 14, OKX carried out its 22nd OKB buyback, followed […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

While significant volatility followed the FOMC meeting in the cryptocurrency markets, major exchange OKX announced a substantial development. OKX, which has conducted several burns in the past, completed its 22nd OKB token burn.

Contents
Buyback from OKX ExchangeCurrent Status of OKB Coin

Buyback from OKX Exchange

On December 14, OKX carried out its 22nd OKB buyback, followed by its customary token burn. What was even more significant was the number of OKB tokens burned. The current value of the burned OKB amounts to 630 million dollars, totaling 10.53 million tokens.

This number pointed to a new record. OKX had previously not disclosed specific rules about the burn but had indicated that transactions would be carried out depending on the market’s operational performance.

Current Status of OKB Coin

Following the announcement of the burn, OKB Coin did not experience significant price movement, trading at a neutral level of $59.66. Unlike the price increases that followed previous burns, this time the rise was not reflected in the prices.

The news also did not positively affect the last 24-hour volume of OKB. The volume decreased by 43% and reached 13.8 million dollars. However, the overall market cap of the altcoin increased by 1.54% to a level of 3.6 billion dollars. It is possible that the impact of the burn on the price may be seen in the coming days.

After the FOMC decision, there was a relief in the crypto market. Bitcoin and altcoins saw noticeable price increases, with predictions already being made that this trend could continue into 2024. Renowned analyst Michael van de Poppe drew attention to a potential price increase akin to a Christmas rally, highlighting that the price could rise to as much as $50,000 in the short term.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Coinbase Battles Massive Cyberattack: Ensures User Safety and Fortified Security

Robinhood Triumphs with a Bold Canada Debut by Acquiring WonderFi

Gemini Conquers Europe with Strategic Derivative Offerings

U.S. Crypto Giants Acquire Major Companies in Bold Strategy

Bybit Strengthens Bitcoin Liquidity After Massive Security Breach

COINTURK NEWS 14 December, 2023 - 12:17 pm 14 December, 2023 - 12:12 pm
Share This Article
Facebook Twitter
Share
Previous Article How to Buy Dusk Network Coin?
Next Article JPMorgan’s Optimistic Outlook for Ethereum, the Altcoin King
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cryptocurrencies Rise as Fed Faces Inflation Challenges
Economy
Bitcoin Holds Strong at Six Figures Despite Market Volatility
Cryptocurrency News
IG Group Breaks Barriers with Crypto Trading Access for Individual Investors
Cryptocurrency News
Ripple’s XRP Faces New Challenges as Market Dynamics Shift
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?