OKB Emerges Crypto Top Gainer as XRP Airdrop Sparks 400% Trading Volume Spike
OKB, the token of OKX, spiked 30% on Aug. 21 to $220 amid XRP airdrop buzz and surging derivatives activity, even as Bitcoin and Ethereum posted losses. Open interest jumped 119%, signaling strong bullish momentum, though RSI readings above 93 suggest a pullback could follow.
A second airdrop announcement on Thursday drew over 321,000 views on X at press time. The surge in attention translated into heightened demand for OKB, as users rushed to complete KYC accounts and participate in the promotional events, boosting on-chain activity and token demand.
OKB Derivatives Market Analysis, Aug. 21, 2025 | Source: Coinglass
Derivatives market trends also reflected this bullish narrative. According to Coinglass data, OKB trading volumes surged 386% to $401.31 million, while open interest jumped 119% to $20.29 million.
Liquidations totaled $2.04 million, with $1.21 million in shorts wiped out versus $836,630 in longs. The skew toward short liquidations confirms traders were caught off guard by the rally’s strength, while the sustained increase in open interest indicates fresh capital continues to enter OKB markets.
OKB’s parabolic move pushed the token to $220 at press time, now posting gains in excess of 200% in August alone. However, technical indicators highlight certain risk factors ahead as OKB$110.124h volatility:0.2%Market cap:$2.31 BVol. 24h:$7.64 M
price breaks into overbought territory.
As seen below, the breakout candle on Aug. 21 carried OKB far above its 20-day Bollinger Band midpoint of $83.41, with the upper band now extending to $180.78. With the OKB price already above that threshold, momentum remains firmly in bullish hands. If buyers sustain the rally, the next key resistance lies at $240, a psychological barrier near the recent intraday high.
OKB Price Forecast | Source: TradingView
Despite that, it is important to note the RSI trending at 93.91 signals heavily overbought conditions and an imminent profit-taking phase.
If OKB retraces, initial support is expected near the $180 zone, corresponding to the upper Bollinger Band. A sharper correction could drag the price toward $150, where bulls could find consolidation before attempting another breakout. A failure to hold above $150 could trigger a deeper retracement toward the $120 support zone.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
