TechFlow reports that on December 30, according to on-chain analyst Auntie Ai, one hour ago a multisig address 0xe36...74E62 transferred 220 million BGB tokens to a Dead Address for burning, worth $1.4 billion. Tracing back the fund source reveals it originated from the Bitget token deployment address.
Three days ago, Bitget announced its new whitepaper: an initial burn of 800 million BGB tokens, representing 40% of the total supply. It appears the process may have already begun, with tokens being burned in batches via the multisig address.




