Will $OKB Hold $184 After Token Burn and X Layer Upgrade Despite Regulatory Challenges?

$OKB is trading at $184 after an 11.8% pullback, yet remains dramatically elevated following its historic 177% weekly ￰1￱ regulatory clouds linger and technicals show consolidation, the fundamental landscape has permanently ￰2￱ supply now permanently capped and utility expanding through X Layer integration, this pullback may represent a new foundation rather than a breakdown only if buyers defend key levels.): Token Burn, X Layer Upgrade, and the Road Ahead In mid-August, OKX permanently burned 65 million $OKB tokens , removing them from its reserve and reducing the circulating ￰3￱ fixes the total supply at 21 million ￰4￱ scarcity-driven move triggered a sharp rally, sending $OKB to an intraday high of above $243 on August ￰5￱ the burn, OKX launched X Layer , a zkEVM-based blockchain capable of 5,000 transactions per second with near-zero ￰6￱ 90% of $OKB tokens migrated to X Layer, consolidating liquidity and ￰7￱ the exclusive gas token, $OKB now powers OKX’s ecosystem, including Wallet, Exchange, and Pay, strengthening its role in both DeFi and real-world applications. 90%+ of $OKB has successfully transitioned to its new home on X Layer from the Ethereum ￰8￱ ￰9￱ chain. 21M fixed supply. $OKB is the native gas token driving The New Money ￰10￱ — X Layer (@XLayerOfficial) August 19, 2025 Significant changes are ahead, as OKX plans to retire the OKTChain blockchain entirely by January 1, 2026, migrating OKT holders to the X Layer ￰11￱ can swap $OKT for $OKB at a fixed rate through the end of ￰12￱ technical upgrades, OKX aims to deepen its presence in regulated European markets such as Germany and Poland and is exploring a potential U.

S. IPO, underscoring ambitions for institutional ￰13￱ builders know crypto is a marathon, not a sprint. X Layer is built for the long run — and so are we. That’s why we’re launching a $100M X Layer Ecosystem Fund to support global builders shaping the next wave of onchain ￰14￱ you have long-term vision and real… ￰0￱ — Star (@star_okx) August 24, 2025 OKX announced a $100 million X Layer Ecosystem Fund, which will provide grants for projects in payment solutions, liquidity infrastructure, and cross-chain ￰15￱ strategic move is to increase ￰16￱ is positioning X Layer as a competitive hub for innovation by incentivizing developers in both DeFi and real-world assets. $OKB Pullback Tests 20 SMA: Bulls Look for Momentum Reclaim Around $185 After a remarkable rally that propelled $OKB toward $240, the token has entered a controlled pullback phase, now hovering around $185.

This phase brings technical clarity, particularly through the lens of its key moving ￰17￱ 20-period SMA (green line), currently sitting just below the asset’s price at around $200, acted as a pivotal support throughout the breakout phase but is now showing signs of soft rejection. $OKB/USDT price chart, August 25 () $OKB’s price dipped below this level earlier in the week and has since struggled to reclaim it ￰18￱ short-term moving average now serves as a dynamic resistance, a common theme during early stages of retracements when momentum begins to slow down. Meanwhile, the 50-SMA (pink line) at $170 is becoming increasingly ￰19￱ upward slope confirms that the broader mid-term trend direction remains intact, despite recent selling ￰20￱ SMA level aligns closely with a key support zone that was established during the consolidation that preceded the explosive breakout—providing bulls with a technical anchor if the correction deepens. $OKB’s volume activity paints a quieter picture, with relative participation levels remaining subdued compared to last week’s price ￰21￱ lack of decisive follow-through from either side suggests the market is still searching for a new catalyst.

However, the volume footprint data reveals a consistent bid defense in the $175–$180 range, where buy-side deltas have started to firm up after earlier sessions of net ￰22￱ indicators are leaning neutral for ￰23￱ RSI has retraced to 46.52—well out of overbought territory, but not yet signaling bullish ￰24￱ MACD is still below the signal line, hinting at continued consolidation or even another leg lower before a stronger recovery setup emerges. $OKB’s short-term trajectory now hinges on how it reacts to the space between the 20 and 50 SMAs. A sweeping move back above $200 would shift the structure bullish again, while a further dip below $170 could trigger further downside.