Bitget to Burn 30,000,000 BGB in Q2, Worth Approximately $138,000,000.00
Powered by ChatGPTBitget's announcement shows that 30,001,053.1 $BGB will be burned in the second quarter of 2025, accounting for approximately 2.56% of the circulating supply, with a total value of approximately $138 million. The corresponding amount of $BGB will be sent to the burn address, and the on-chain record will be announced upon completion. Previously, Bitget Token ($BGB) updated and upgraded its burning plan. The new burning mechanism is based on the actual use scenarios of $BGB and is linked to "on-chain Gas fees" to ensure community transparency based on the actual use scenarios of BGB. The first quarterly burn was completed on April 17. Current CoinMarketCap data shows that $BGB has a market cap of approximately $5.1 billion, ranking 27th in the global crypto asset list and third among centralized exchange (CEX) platform coins worldwide. [Odaily Planet Daily]