OKX sent $313M worth of OKB to burn address

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Sep 18, 04:48

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OKX sent $313M worth of OKB to burn address

Related addresses

OKEx: OKB Buy-Back and Burn

Total tokens transferred

8.237M

OKB

The OKEx's OKB Buy-Back and Burn wallet just received 8.24M OKB ($312.8M) in the past hour:

address: 0xff1ee8604f9ec9c3bb292633bb939321ae861b30

Previously, the OKX team announced they would buy back OKB to burn every 3 months, starting on May 4, 2019 (more details here). Since then, the team has burned a total of 112.56M OKB. Based on the prices at the time of previous burns, these OKBs had a value of $3.652B and the OKB price dipped after the last 6 burn events.

Note that the current buy-back-and-burn event may be ongoing!

Fig 1. The OKB buy-back-and-burn history.

Fig 2. The current OKB holding of the "OKEx: OKB Buy-Back and Burn" wallet.

#okx

#okb

#buy back

#burn

#price drop

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OKX sent $313M worth of OKB to burn address

Last synced: Sep 18, 05:12

Related signals

2024 Sep 18 - 07:17

OKX further sent 9.1M OKB ($345.4M) to burn address

The OKEx's OKB Buy-Back and Burn wallet further received 9.1M OKB ($345.4M) from OKX in the past hour. Overall, the OKX team has sent 17.337M OKB ($658M) to the burn address in the past 3 hours for the ongoing 25th buy-back-and-burn event.

2024 Jun 12 - 09:18

OKX completed the 24th OKB Buy-Back and Burn event

The OKEx: OKB Buy-Back and Burn wallet further received 6.4M OKB ($259M) in the past hour, completing the 24th burn event of 12.124M OKB ($547M). Since May 15, 2019, the OKX team has bought back a total of 104.3M OKB (now worth $4.69B) to burn every 3 months.

2024 Jun 12 - 08:12

OKX conducted the 24th OKB Buy-Back and Burn event

The OKEx: OKB Buy-Back and Burn wallet received 5.73M OKB ($259M) in the past 2 hours, as part of the ongoing 24th burn event. Overall, the OKX Team has bought back a total of 97.92M OKB (now worth $4.42B) to burn every 3 months since May 15, 2019.