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Analysts: OKB's high price on the chain may be due to low liquidity, high market control, and lack of cross-chain support
3hours ago

According to Odaily Planet Daily, chain analyst Ai Yi (@ai_9684 xtpa) posted on the X platform that the OKB on-chain price has risen to a high of $342. OKB's on-chain liquidity on the Ethereum mainnet is only $253,000. Officials will either destroy or migrate most tokens to the X Layer, and cross-chain transactions between the two networks are not supported. Therefore, six addresses purchased 138.44 OKB between 20:46 and 21:08, successfully pushing up the price.

The Ethereum mainnet currently holds a total of 856,000 OKBs, accounting for 4% of the total. Among them, the top 5 holding addresses own 68% of the tokens, and the top 4 addresses are the OKX trading platform.