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Details 👉 https://www.gate.com/post/status/13217654
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The one-time destruction of OKB's historical buyback is really shocking. The logic of the platform token is that destruction can be used to pump.
If we look back at OKB, before this direct destruction, the circulation of OKB was 86m, and the last time 42m was destroyed. If this trend continues, it would actually be gone after two destructions. Therefore, this one-time destruction adjustment indeed has its basis. The biggest winner in this wave is @maodi86.
Another interesting piece of data is that since the beginning of this year, the buyback scale of CEX for Platform Tokens has approached 6 billion USD, which is 5-6 times larger than the total revenue of all L1s (excluding Tron) during the same period, while the buyback amount of CEX Platform Tokens is approximately 10%-40% of the revenue cc: @Mausefalle25