OKB Surges 66% as Crypto Market Rotates to Ethereum-Backed Gainers
This week in the cryptocurrency market was defined by sharp divergences between top-performing and underperforming tokens. OKB, ARB, and Morpho (MORPHO) stood out among the winners, while PUMP, SKY, and SPX6900 (SPX) fell sharply, reflecting a mixed but largely bullish overall sentiment driven by Ethereum’s strength and shifting market rotation [1].
OKB, the token of the OKX exchange, was the standout performer, surging 66% from an opening price of $117 to a high of $258. The token showed strong buying pressure throughout the week, particularly on August 20 and 21, when back-to-back candles of more than 40% signaled strong conviction among buyers [1]. Despite a 24% retrace from its peak, OKB remains above key support levels, with the…
