OKX has completed the 20th OKB buyback and burn, with a total value of approximately 258 million USD
ChainCatcher news, OKX announced the completion of the 20th OKB buyback and burn. This buyback started on March 1, 2023, and ended on May 31, 2023, with a total of 5,497,312.77 OKB repurchased and burned from the secondary market, valued at approximately 258 million USD (based on the 90-day average price), which has been transferred to the black hole address.
As of now, OKX has cumulatively burned a total of 64,042,314.70 OKB, with the current circulating supply of OKB being 235,957,685.30. It is reported that since May 4, 2019, OKX has been conducting buybacks every three months based on market and operational conditions for the total issuance of 300 million OKB, transferring them to the black hole address for complete destruction. (Source link)