#BinanceHODLerTOWNS Bitget Token (BGB) increased by 0.98% in the last 24 hours, a slightly lower performance than the overall crypto market (+1.93%). This increase is related to platform-specific factors.
1. Token burn in the second quarter of 2025 - Bitget burned 30 million BGB (~138 million dollars), reducing supply and increasing scarcity.
2. Demand for Launchpool - Active campaigns like GAIA incentivized the locking of BGB for rewards.
3. Technical rebound - An oversold RSI (39.45) triggered short-term buying despite a bearish MACD.
#MarketRebound The gain of BGB in 24 hours is due to supply reduction (burn), temporary demand for staking, and technical factors. Although burns increase scarcity, reliance on locks for events can create volatility. Key point to watch: Can BGB maintain support at $4.30 if market sentiment weakens?.
