TechFlow news, July 10 — According to a Bitget announcement, 30,001,053.1 BGB tokens will be burned in Q2 2025, representing approximately 2.56% of the circulating supply and valued at around $138 million. The corresponding amount of BGB will be sent to a burn address, with on-chain records published upon completion.
Previously, Bitget Token (BGB) upgraded its token burning program. The new mechanism ties burns to the actual utility of BGB, specifically linked to "on-chain gas fees," ensuring transparency for the community. The first quarterly burn under this updated mechanism was completed on April 17.
Current data from CoinMarketCap shows that BGB has a market capitalization of approximately $5.1 billion, ranking 27th among all global crypto assets and third among centralized exchange (CEX) platform tokens.
