Will the token balance change without any on-chain activity?

Published on Sep 22, 2023Updated on Apr 4, 20242 min read481

Is it possible for token balance to change without any on-chain activity?

Yes, as the tokens you hold belong to a special type of token on the chain, and their balance will change dynamically. Currently, there are several reasons for the changes, as below:

  1. Algorithmic stablecoins, liquidity adjustments, and balance fluctuations.
  2. For dividend-paying tokens, the token balance is adjusted according to the dividend ratio at fixed intervals.
  3. There may be other irregularities. The contract constructor can modify the token contract's balance, and these balances may also change dynamically.

OKX Wallet has currently improved the real-time update of these token balances and provides notifications for such changes.

What can I do if there's an unexpected change in my balance?

If you notice an unexpected increase or decrease in your balance, you can contact the project team to rectify the specific reasons. Please note that OKX Wallet is a Web3 decentralized and non-custodial wallet, meaning that users have complete control over their assets. Therefore, users should exercise caution to prevent on-chain risks when engaging with activities on the Web3 chain. Interact with trusted and reputable DApps while maintaining integrity when authorizing transactions to prevent phishing and fraud.