OKB, the cryptocurrency token associated with the OKX exchange, experienced a substantial price surge following a massive token burn and migration to Polygon's XLayer. On August 20, 2025, OKB's price rose by 15% in a single day, reaching $140 and hitting an all-time high of $178.4 after the burn of 65 million tokens. This price increase has contributed to a year-to-date gain of 220%, with the market capitalization reaching approximately $2.9 billion. The token burn and migration have positioned OKB as a notable competitor to Binance's BNB token in the ongoing bull market narrative. Meanwhile, Origin Protocol's OGN token also showed strong momentum, with over 40 million tokens locked since buybacks began, more than 10 million tokens bought back from the open market, and a maximum locked annual percentage yield (APY) of 49.8%. These buybacks and staking mechanisms are driving demand and supply dynamics for OGN. Some traders have noted the volatility and trading challenges amid these developments.