While 1,968 wallets were active at popular cryptocurrency exchange OKX, nearly $2 billion worth of OKB was transferred to the exchange.
In an on-chain analysis post on March 21, Spot On Chain highlighted a noteworthy transfer for OKX’s native token, OKB.
According to the post, 1,968 wallet accounts transferred $1.98 billion worth of OKB into the cryptocurrency exchange OKX after 4 years of inactivity.
On March 16, OKX had burned 11.48 million OKB worth $748 million through a buy back & burn procedure. Out of the burned OKB, $631 million worth of 9.68 million had come from 539 wallets that had been inactive for 4 years.
This transfer sparked rumors that OKX will conduct another burn.
According to CoinGecko data, OKB, which gained 5.1% in value in the last 24 hours, is currently trading at $59.75
