This burn will reduce the overall BGB supply to 1.2 billion tokens, with 100% of the remaining tokens in circulation. Bitget plans to release on-chain records of the burn, the press release reads.
BGB has surged over 100% in the past week and more than 400% in the past month, with the token trading at $8.10 at press time. The token saw over $600 million in trading volume in the past 24 hours.
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