🚨 OKX's OKB Buy-Back and Burn Update: 8.24M OKB ($312.8M) Received!
In the past hour, OKX's OKB Buy-Back and Burn wallet received 8.24M OKB worth $312.8M.
Buy-Back and Burn Wallet Address: 0xff1ee8604f9ec9c3bb292633bb939321ae861b30
🔥 Background on OKB Buy-Back and Burn Program
Since May 4, 2019, OKX has implemented a quarterly buy-back and burn initiative, where they repurchase OKB tokens to burn.
Total OKB Burned So Far: 112.56M OKBValue of Burned Tokens: $3.652B (based on prices at the time of the burns)
🔻 Market Reaction
Historically, the price of OKB has dipped after the last 6 burn events, suggesting a potential trend to watch for after this latest buy-back.
Keep an eye on the market for any price action following this major transfer!
