TL;DR
- OKB soared to $135, then plummeted 11% in an hour, proving even crypto can’t resist a midlife crisis.
- A one-time 65M OKB burn (because who needs 21M tokens?) sent prices into a frenzy.
- RSI at 94.73? The market’s so bullish, it’s practically writing haikus about itself.
Price Jumps on Token Burn and Upgrade
Oh, what madness! OKB, that most erratic of digital assets, ascended to $135, a price so lofty it could only be reached by burning 65M tokens in a grand gesture of economic theater. The market, ever the masochist, clapped politely as the supply dwindled to 21M, and the price surged like a drunkard on a rollercoaster. And yet, within an hour, it retracted 11%, because nothing says “confidence” like a 130% daily gain paired with a nervous breakdown.
The trading volume? A staggering $2.2 billion, a number so large it makes even Elon Musk whisper, “I… I don’t know what to do with this.” And let us not forget OKX’s generous upgrade to X Layer, a blockchain so improved it could probably fix your ex’s heart. With 5,000 TPS, gas fees cheaper than a street pretzel, and Ethereum compatibility that makes your grandma’s knitting look sleek, one can only wonder: is this the future, or just a fever dream?
Token Structure and Chain Changes
OKTChain, that relic of a bygone era, will retire on August 13, 2025, its ashes converted to OKB by August 15. The chain will remain open until January 1, 2026, because nothing says “end of the world” like a countdown to a holiday. Meanwhile, OKB, the eternal gas token, will phase out Ethereum L1, a move as graceful as a drunk elephant in a teacup.
Technical Readings and Trader View
The RSI, that fickle barometer of human greed, perches at 94.73, a number so high it’s practically laughing at the bears. The Balance of Power? A bullish 0.62, because why not let the buyers have their way? After all, what is accumulation if not the art of pretending you’re not accumulating?
Trader Efloud, that enigmatic oracle of the markets, declared:
“Perhaps I am a market maker. I don’t know yet… we need to enjoy our profits.”
A man who speaks in riddles and profits, because why have clarity when you can have chaos? He once noted a pullback to $43.3-$42.4 would make him “watch for a bullish structure on lower timeframes,” a phrase so cryptic it could’ve been written by Dostoevsky’s crypto-obsessed doppelgänger.
$OKB | Update
Nothing much to say.
Check quoted post, then check this one.
My standards are high but this rise has surpassed even me.
Perhaps I am a market maker. I don’t know yet.
The only thing I know is that we need to enjoy our profits
– Efloud (@EfloudTheSurfer) August 13, 2025
And so, dear reader, we find ourselves in a world where tokens burn, prices soar, and traders quote poetry. A tale of greed, folly, and the occasional 🤡 emoji. What a time to be alive! 😂
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2025-08-13 12:56