Bitget Burns 60M $BGB. Price Up 3% – $6 Next?

Bitget Onchain Bitget Token Tokenomics Ad Disclosure Ad Disclosure We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More Bitget Token ($BGB) sees a price increase due to deflationary burns and expanding GetGas utility via Bitget Onchain, connecting the exchange's growth to on-chain activity and liquidity. Ad Disclosure Ad Disclosure We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More Author Jimmy Aki Author Jimmy Aki About Author Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news... Author Profile Share Copied Ad Disclosure Ad Disclosure We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More Last updated: August 26, 2025 Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. Bitget Token ($BGB) is currently trading at $4.62, up 1.6% in the last 24 hours and 3% over the past week. Trading stayed tight, with a 24-hour range between $4.46 and $4.62, suggesting moderate and controlled volatility as liquidity clustered near recent support. 24-hour volume sits near $161 million on the day, consistent with a cooling of activity versus prior spikes. Source: Coingecko $BGB: Powering a $2T Volume Exchange’s On-Chain Shift. $BGB is the utility token of the Bitget exchange and Bitget Wallet, used for trading-fee discounts, Launchpad/Launchpool access, VIP tiers, and other perks. Following the December 2024 merge of Bitget Wallet’s $BWB into $BGB, it also picked up on-chain roles like multi-chain gas via GetGas and deeper DeFi integrations. The platform also reported 100 million users during the same period and $2.08 trillion in total trading volume in Q1 2025. Tokenomics turned decisively deflationary. Bitget announced the total burn of 800 million $BGB tokens in 2024, reducing supply by 40%. Following the success, Bitget began quarterly burns in 2025, with 30 million $BGB tokens burned in Q1 and 30 million tokens burned in Q2, signaling an ongoing reduction path. Bitget ties burn amounts to measured usage as it sharpens the link between utility and supply. According to DeFiLlama, Bitget’s CEX-tracked assets hover around $5.72B, with the launch of its Bitget Swap. This shows an expanding service option... https://cryptonews.com/news/60m-bgb-tokens-burned-and-new-utility-products-keep-price-up-3/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple