Analysis: OKB's on-chain price surge is attributed to low liquidity, strong hodling, and lack of cross-chain support
BlockBeats News, August 21st. On-chain analyst Ai Auntie (@ai_9684xtpa) tweeted that the on-chain price of OKB reached a peak of $342. The on-chain liquidity of OKB on the Ethereum mainnet was only $253,000. The official team either burned most of the tokens or migrated them to the X Layer. Additionally, there is no cross-chain support between the two networks. Therefore, 6 addresses bought 138.44 OKB between 20:46 and 21:08, successfully boosting the price.
Currently, there are a total of 856,000 OKB tokens on the Ethereum mainnet, accounting for 4% of the total supply. The top 5 holding addresses own 68% of the tokens, with the top 4 addresses belonging to the OKEx exchange platform.
You may also like
Gainers
Latest Crypto News
The US Bank has approved a wealth advisor's recommendation for investors to allocate 1%–4% of their assets to cryptocurrency.
Sonnet Biotherapeutics Receives Shareholder Approval to Merge with Hyperliquid Strategies
CZ: Predicts More All-Time Highs Coming Soon, Exact Timing Unknown
「Rising Star 100% Win Rate Trader」 Goes Short with 40x Leverage on 500 BTC
「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com