OKX’s 90% supply burn sets OKB ablaze – Will price soar higher? (This text seems to be correctly formatted with appropriate capitalization and no unnecessary words in uppercase)

OKB has soared by 312% since August 13, reaching a support level of 175 USD. On August 15, a burn of 279 million OKB significantly impacted the circulating supply, which now stands at 21 million.

Analysts predict a price target of 300 USD for OKB, although market conditions remain unpredictable. Sentiment has shifted dramatically since the burn announcement, with potential overheating signals.

Traders should monitor market dynamics closely, especially if prices drop below the 170 USD mark, which could indicate possible corrections in the short term.