Sui’s support contributed to a 20% increase in OKX’s OKB token
Key Points:
- OKB is making huge gains today.
- OKX’s declaration of support for Sui Token’s launch may contribute to its bullish momentum.
- OKB currently has a 24-hour trading volume of over 325 percent.
Today, OKB, the cryptocurrency exchange’s utility token, is skyrocketing. The 24-hour low and high are $45.12 and $54.88, separately, addressing a 20% expansion as of now.
Additionally, a strong upward trend is evident by the fact that trade volume has increased by almost 325 percent in the past 24 hours to $95.5 million. At press time, the OKB cost was $53.5, with additional increases projected before long.
The OKX exchange currency is OKB, which is an Ethereum-based ERC-20 token. When trading on OKX, OKB holders will receive preferential treatment, such as lower transaction costs, interest on OKX savings, participation in the purchase of launchpad tokens, margin trading, lending, and other benefits.
As of midday on April 15, OKB is the 22nd largest cryptocurrency, with a $3.2 billion market cap.
When OKX declared its support for the SUI token auction, the enormous increase occurred. The SUI token will be released on April 23 through OKX Jumpstart, its leading token sales platform, in the form of a token allocation lottery. From April 20 to 22, users must have OKB tokens in order to obtain SUI tokens. There are 225 million tokens accessible at a cost of $0.1.
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Users are able to access Sui ecosystem projects and participate in airdrops and campaigns thanks to the strategic partnership that exists between Sui Network and OKX Wallet.
Crypto exchanges like OKX, Bybit, and KuCoin said they would start a subscription process for SUI Token instead of an airdrop. Allowlisted people that add to the environment might purchase SUI at an exceptionally minimal expense from a pool.
Moreover, OKX will be one of the main trades to acquire from Hong Kong’s solid endeavor to turn into a crypto focus. Hong Kong institutional financial backers are set to buy digital money interestingly on OKX.
On Walk 28, OKX laid out a Hong Kong business to give virtual resource administrations. Under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, the OKX company will apply for the virtual asset service provider (VASP) license, as well as the Securities and Futures Ordinance Type 1 and 7 licenses.
In the interim, OKX is the world’s eighth greatest digital money trade, with a $1.4 billion 24-hour exchanging volume.