OKEx Token Price Tumbles Added 20% in Wake of Suspended Withdrawals
OKB is trading just above $4, down from nearly $6 before the news.
Exchange tokens reached all-time highs, again.
GameStop caught the stock-buying public's imagination. That excitement has spilled over to crypto.
It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain.
The token has rallied nearly 13% Wednesday.
Centralized exchange tokens have been skyrocketing this year, but there is one problem behind the astonishing performance: They are becoming more like equity.