Bitget'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, the Bitget Token ($BGB) underwent an update and upgrade to its burn plan. The new burn mechanism is based on the actual use cases of $BGB and is linked to "on-chain Gas fees," ensuring community transparency based on the actual use cases 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 global CEX platform coins.