Top Exchange Token Gainers: Why OKB, BNB, BGB, KCS, and GT Are Pumping

If you’re wondering where the real action is in the crypto market today, it’s not just Bitcoin. A handful of major exchange tokens are putting up massive numbers, and each one has a specific, powerful catalyst behind its move.

So let’s break down what’s driving the rallies in the top 5 CEX tokens and what it means for you.

The standout performer of the day is OKB, the native token of OKX, which 126% to a record high. The move followed a one-time burn of 65.26 million OKB, worth around $7.6 billion, its total supply by over 50% to 21 million tokens, mirroring Bitcoin’s hard cap.

The unprecedented deflationary event, one of the largest in exchange token history, has positioned OKB as a prime scarcity play in a market already hungry for limited-supply assets.

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Binance Coin (BNB) is also heating up, climbing within just 0.7% of its all-time high of $859.56. Traders are eyeing $1000 as the next milestone, with momentum fueled by Bitcoin’s breakout and the expectation that higher exchange activity will drive revenue for major platforms.

The proximity to a new price record has ignited bullish speculation with analysts targeting prices as high as $2,000.

Bitget Token (BGB) followed suit, 9% to $4.79 as its 24-hour trading volume exploded 443% to $563 million.

The spike in activity comes after Bitget completed a of 860 million BGB, around 43% of total supply, over the past eight months, including 30 million in Q2 2025 alone.

On-chain data reveals whales have been moving significant amounts of BGB off exchanges, a sign of long-term accumulation that reduces sell-side pressure and reinforces the bullish case.

KuCoin Token (KCS) also with an 18% rally, driven by a sharp 188.72% surge in trading volume.

The exchange’s newly launched KCS Loyalty Program, offering fee discounts of up to 22%, early product access, and staking rewards, has added fresh utility to the token.

Combined with KuCoin’s growing of over 41 million in the first half of 2025, top-tier security ratings, and a rapidly expanding futures platform ranked fourth globally, KCS could test the all-time high set over four years ago.

GateToken (GT) rounded out the list with a 5% to $21.26, edging closer to its ATH of $25.95. Its recent strength can be traced to speculative inflows into exchange tokens as Bitcoin’s leverage ratio hit a five-year high, historically a catalyst for CEX coin rallies.

GT’s trading volume spiked 380% to $47 million, reflecting surging market interest. In July, Gate derivatives volume surged nearly 50%, hitting $740 billion as the exchange’s market share also rose.

With only 122.9 million GT now in circulation and quarterly burns scheduled, scarcity also remains a powerful bullish driver.

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