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Ethereum Decrypt

OKX Burns $26 Billion Worth of OKB Tokens on Ethereum—Here's Why

Crypto exchange OKX slashed the supply of its OKB token by more than 90%, burning the vast majority of the Ethereum-based tokens.

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Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

OKX Burns $26 Billion Worth of OKB Tokens on Ethereum—Here's Why
Crypto exchange OKX slashed the supply of its OKB token by more than 90%, burning the vast majority of the Ethereum-based tokens.

Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

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