OKX has just completed a major update to its X Layer network alongside a significant overhaul of its economic model for the OKB token. This revamp introduces changes that reshape the token’s supply and utility within the ecosystem. On August 13, the exchange announced a one-time burn of 65,256,712 OKB tokens. This strategic move aims to enhance the scarcity and attraction of the token. Investors responded positively, driving the price up by over 170% following the announcement. As the token’s supply tightens, many in the crypto community are eagerly watching how this impacts the overall market performance of OKB in the coming days.