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Only those who dare to burn money have the opportunity to print new money. This afternoon, OKX announced a massive, one-time burn of 65.25 million OKB tokens, worth hundreds of millions of dollars at current prices. Following the announcement, OKB’s price surged, increasing by over 100% in a short period of time, instantly becoming a focal point amidst the relatively sluggish market. This volatility struck many investors as familiar. The market’s thoughts quickly returned to the sensational “platform coin destruction war” four years ago—in 2021. Back then, exchanges used real money to buy back and destroy their own platform coins. This not only reduced market circulation and created scarcity, but also signaled profitability and business growth. It was a silent, yet intense, arms race: repeated destruction announcements drove coin prices…# Analysis# crypto# MarketPre
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