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📊 OKB is quietly grinding higher — and the token's fundamentals are shifting underneath it. Currently trading around $94, up ~4% on the day and now +23.88% over six months. Still nowhere near its 2025 all-time high of $258, but the trend line has been steadily climbing — +16.80% over 30 days, +8.31% over the past week. What's actually driving OKB: It's not just another exchange token riding sentiment. OKB is the gas token powering X Layer, OKX's Ethereum-compatible Layer 2 — used for fees, governance, and bridging trading activity on-chain. Supply is hard-capped at 21 million, locked in via a one-time burn of 65.26 million tokens (worth roughly $7.6B) that permanently removed minting and burning functions. That's real scarcity, not marketing. The bigger shift: OKX is migrating OKB off Ethereum entirely, phasing out the L1 version and moving everything to X Layer as the native asset. Withdrawals to Ethereum L1 are being wound down. This isn't a cosmetic update — it's OKB becoming the core economic engine of an entire L2 ecosystem instead of just a fee-discount perk. The risk to watch: chatter around a potential OKX US IPO raises questions about whether OKB could get structurally separated from the exchange's economics down the line — which would cut into its core utility. Worth keeping on the radar if you're holding long-term. Slow, steady, deflationary — OKB isn't chasing headlines right now. It's rebuilding. Not financial advice $OKB $BTC $ETH #OKX #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000 Sources: OKX — OKB Live Price CoinTribune — OKB Surges 160%: $65M Burn, X Layer Upgrade, and Supply Cap at 21M