Bitget announces a $5B BGB token burn, doubling its price in a week, reducing supply, and implementing quarterly burns from 2025.

Bitget’s native token continues to dominate trends with remarkable developments and price actions amid broad market indecisiveness. BGB soared over 20% on Friday, extending its recent gains, which have left it up over 110% within the past seven days.

The Bitget Token price surged 17% in the last 24 hours as this new Solana presale raises more than $5.6 million.

Bitget has outlined a new token buyback plan in its just released whitepaper. The exchange will burn 40% of its native token BGB. Future burns include 20% of exchange profits – which will be used to buy BGB off the market.

Cryptocurrency exchange Bitget has published a new whitepaper for its native token, Bitget Token (BGB), detailing plans to burn 800 million BGB tokens, worth over $5 billion at current market value.

Bitget has set an exchange rate of 0.08563 based on a seven-day average closing price calculation from December 19 to December 25.

Bitget Token (BGB) emerges as a breakout star, posting unprecedented gains. Market analysts take notice of its exceptional performance.

Bitget, the leading cryptocurrency exchange and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an unprecedented initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to expand the token's utility.