PANews July 10 news, Bitget 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 about 138 million US dollars. The corresponding amount of BGB will be sent to the burn address, and on-chain records will be published upon completion.
Previously, Bitget Token (BGB) updated its burn plan. The new burn mechanism is based on the actual use cases of BGB, 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 the market value of BGB is approximately 5.1 billion US dollars, ranking 27th in the global cryptocurrency asset total list, and third among global centralized exchange (CEX) platform tokens.