OKX sent OKB to Buy-Back and Burn wallet again

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Mar 15, 2024

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OKX sent OKB to Buy-Back and Burn wallet again

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Related addresses

OKEx: OKB Buy-Back and Burn

Total tokens transferred

11.477M

OKB

OKEx: OKB Buy-Back and Burn received 11.48M OKB ($748M) via 23 transactions from OKB in the past 8 hours:

address: 0xff1ee8604f9ec9c3bb292633bb939321ae861b30

Previously, the OKX Team announced to buy back OKB to burn every 3 months since May 4, 2019, based on market and operational performance, without disclosing specific rules (more details here). The last buyback and burn was conducted on December 14, 2023, when 10.53M OKB (then $628M) was sent to the buyback and burn wallet.

As for the current buyback and burn, in the past 9 hours, 539 dormant wallets sent 9.68M OKB ($631M) back to OKX for the event. Each wallet received around an average amount of 17,967 OKB 4 years ago. Their OKB value has increased by around $900K since the receipt date.

Currently, the OKB Buy-Back and Burn wallet balance is 92.19M OKB ($6.01B).

Fig 1. Spot On Chain AI Bot detected multiple dormant wallets depositing OKB to OKX.

Fig 2. Historical OKB buyback and burn events.

#okx

#okb

#buy back and burn

#dormant

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OKX sent OKB to Buy-Back and Burn wallet again

Last synced: Mar 15, 18:49

Related signals

2025 Mar 14 - 10:12

OKX (formerly OKEx) sent $1.32B worth of OKB to burn address

The OKX (formerly OKEx)'s OKB Buy-Back and Burn wallet received 31.159M OKB ($1.32B) from OKX in the past 20 minutes, marking the exchange's 27th buyback-and-burn event. Since May 10, 2019, OKX has sent 171.31M OKB (then $6.33B, now $7.3B) to its Buy-Back and Burn wallet.

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 Sep 18 - 04:48

OKX sent $313M worth of OKB to burn address

The OKEx's OKB Buy-Back and Burn wallet just received 8.24M OKB ($312.8M) in the past hour. Overall, since May 4, 2019, the OKX team has burned 112.6M OKB ($3.65B) in total. Notably, the current buy-back-and-burn event may be ongoing!

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