How OKB’s Token Burn Strategy Lifted the CEX Sector in August
OKX’s token burn and glued provide plan attracted buyers and liquidity to OKB and created a spillover impact that benefited different trade tokens.
How is that this affect unfolding, and the way far can the wave prolong?
CEX Tokens Correlated With OKB in August
A latest report from BeInCrypto highlighted key differences within the newest OKB token burn that helped its worth efficiency outpace different altcoins final month.
The plan included slicing the availability to a hard and fast 21 million, whereas increasing OKB’s utility via the X Layer. The technique has delivered stronger outcomes than many buyers anticipated. OKB has now surpassed $200, marking a 350% enhance.
Trying on the worth motion of different CEX tokens, they confirmed a robust correlation with OKB. All of them began their rallies on August 13, when OKB introduced its burn plan. They later corrected and bounced again on August 22.
Huobi Token (HT) Adopted OKB
Probably the most notable case is Huobi Token (HT), which surged fivefold in August 2025, rising from $0.30 to a peak of $1.50. In response to BeInCrypto information, HT is at the moment buying and selling at roughly $1.
The puzzling half is that Huobi rebranded as HTX in 2023. By 2024, HTX urged customers to swap outdated HT tokens for the brand new HTX token. As we speak, the outdated HT token stays listed solely on just a few small exchanges, whereas HTX trades on HTX and different main platforms resembling Bybit and Bitfinex.
But, the token rallying isn’t HTX, however HT. This reveals a contagion-like psychological impact that disregards fundamentals—one thing typically seen in crypto markets.
“After OKB yesterday… in the present day it’s HT’s flip,” crypto KOL Sensible Recommendation said.
MEXC, Gate, and Bitget
Different tokens additionally benefited. MX Token (MX) from MEXC rose 40% in August.
MX has a provide mannequin just like OKB, drawing merchants’ consideration. MEXC commits 40% of its quarterly earnings to purchase again and burn MX tokens, protecting the circulating provide capped at 100 million. In Q2 2025, MEXC burned 2,398,000 MX tokens.
Bitget has additionally burned 860 million BGB ($5.25 billion) over the previous eight months, slicing whole provide by 43%. Though BGB’s worth solely rose 10% in August, on-chain data reveals whales accumulating the token not too long ago, signaling expectations for additional positive factors.
Gate Token (GT) additionally noticed a surge in exercise. Its 24-hour buying and selling quantity hit $24 million, doubling from its earlier every day common.
MEXC, Gate, and Bitget’s tokens will not be merely rising as a result of OKB’s momentum. A latest Coingecko report confirmed these three exchanges ranked simply behind Binance in buying and selling quantity market share final month, at 8.6%, 7.8%, and seven.6% respectively.
Nonetheless, the spillover impact can fade shortly with out elementary assist, such because the tokens’ utility inside their exchange ecosystems.
The submit How OKB’s Token Burn Strategy Lifted the CEX Sector in August appeared first on BeInCrypto.
