TechFlow, August 13 — According to on-chain analytics platform Lookonchain (@lookonchain), whales have recently been accumulating large amounts of $BGB. Over the past two months, address 0x8900 withdrew 192,668 $BGB (approximately $936K) from Bitget; address 0x171D withdrew 30,607 $BGB (approximately $134K) two days ago; and address 0x7C9C has withdrawn 20,980 $BGB (approximately $102K) over the past three months.
Notably, Bitget has cumulatively burned 860 million $BGB (approximately $5.25 billion) over the past eight months, reducing the total supply by 43%. These large withdrawals coincide with the platform's ongoing token burn program, indicating sustained market interest in $BGB.
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