Why okx Is Trending Today?

OKB, the cryptocurrency of exchange OKX, has experienced a significant price increase of over 170% following an update to its tokenomics. This surge comes after OKX announced a 65 million token burn and a supply cap of 21 million, which has been well-received by the market. The price of OKB has hit record highs, with some sources reporting it at over $100. However, it's important to note that the price has been volatile, with fluctuations of up to 10% in short periods. OKX has also enhanced its X Layer with Polygon, further boosting OKB integration. Market analysts attribute the price increase to these developments and the overall positive sentiment in the crypto market.