Impacted by OKX's announcement to burn around 65.25 million OKB, OKB experienced a short-term surge of over 11%.

BlockBeats News, August 13th, According to official sources, OKX will conduct a one-time burn of the historical buyback and the reserved 65,256,712.097 OKB, and switch to using a smart contract to automatically burn all the OKB transferred to the black hole address. After this operation is completed, manual OKB burns will cease, and the total supply of OKB will be fixed at 21 million.

Following this news, OKB surged over 11% in a short period, currently trading at $52.