OKB News: Price Jumps 130% in a Day After Record Token Burn

OKB News: Price Rally Continues as Traders Eye the $200 Target

OKB Soars 130% in a Single Day: What’s Driving the Surge?

The recent price surge of OKB has made headlines in the world of cryptocurrency, according to the data of CoinMarketCap, recently on August 13, 2025 it has shown a sudden all time high in its price to $139.76 with a volume of $1.32 billion. This rise has shaken the entire crypto market. At the time of writing the coin is trading at $104.02 with an up of 130% in a day. 

Source: CMC 

With a total Market Cap of $6.24B and is green with 130.66%, the total volume of coin is $1.31B running high with 1231.28% in 24 hours. 

If you look at the past month's data, the coin maintained a flat trend in its graph and was trading steadily between $47.72 and $46.63. Then, out of nowhere, it skyrocketed to an all-time high of $139, a move that left the market stunned. But what’s truly fueling this surge?

Why Is OKB Up Today?

There could be following reasons that Why OKB is high today-

• OKB news price is surging up today after the massive move by the team scheduled for August 15, when it will permanently burn 65.2 million tokens, which is worth about $7.6 billion. 

• The burn will cut the supply by more than half and lock the total number of tokens at 21 million. Such scarcity often drives prices higher just like with the Bitcoin (BTC). 

• OKB news has just upgraded its X layer blockchain to handle 5,000 transactions per second with near-zero fees and it is the only token used for gas fees there.  

• The asset futures listing on MEXC yesterday is another major reason behind the surge, with a leverage of up to 25x. 

Source: X

The coin will likely continue its upward momentum in the future, holding its current price levels without facing a significant dip.

Will the Price Soon Hit $200? Price Prediction

The coin has historically broken out, descending 525 days of resistance trend line, surging to an all-time high of $139.76. Considering its latest chart in 4 hours, the token has broken above the 23.6% Fibonacci retracement of $120, but now consolidates just below that level. The RSI-14, standing at 78, indicates more than an overbought state, suggesting a potential short correction. 

Support is immediately present at $106, aligned with the 38.2% retracement. If the price decisively drops below this support, then the price might plunge all the way to the deep pullback territory of $90–$95. To the upside, however, a renewed rally above $117 might preserve the current bullish momentum and retest resistance at $165 and $200. 

Source: TradingView

Considering the strength behind the breakout and parabolic rally, short-term volatility is expected to remain high. With overbought indicators hinting at a potential retracement, however, support above $106 could favor another wave higher toward new highs.