24 dormant wallets deposited 428,145 OKB, equal to $24.31 million, on cryptocurrency alternate OKX. Whales’ common token deposit worth was $56.78 per OKB.
These wallets had withdrawn a complete of 443,718 OKBs from OKX 4 years in the past at a mean worth of simply $6.36, amounting to $2.82 million. The worth of the joint OKB property has since elevated by $21.59 million to $24.41 million, a 792% improve over the deposit worth.
This growth comes on the heels of a significant Buyback and Burn occasion held by OKEX on March 16, 2024. Throughout this occasion, 11.48 million OKBs price $748 million had been purchased again and burned. Remarkably, 9.68 million OKB ($631 million) of those tokens got here from 539 wallets that had been dormant for 4 years, much like the 24 wallets in query.
Crew OKX has been shopping for again to burn OKB each three months since Might 4, 2019. That is primarily based on market and operational efficiency, however they don’t disclose particular guidelines. Given this sample, it stands to cause that 24 wallets could have returned their OKB tokens for an additional Buyback and Burn occasion.
*This isn’t funding recommendation.
