Coinspeaker
Bitget Unveils $6.8B Quarterly BGB Token Burn Program
Bitget, a prominent crypto exchange, has gained significant attention within the crypto community with an ambitious plan. As reported by The Block earlier today, the exchange revealed its intentions to burn 40% of its native Bitget Token
BGB
$8.31
24h volatility:
12.4%
Market cap:
$11.67 B
Vol. 24h:
$12.70 M
. This totals about 800 million tokens worth over $6.8 billion.
This bold step aims to increase scarcity and increase the token’s value. It aligns Bitget with the growing trend of token burns that have helped other exchanges boost their token prices.
Bitget Makes a New Approach to Token Value
The exchange’s decision to burn a large chunk of its
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