Bitget's Second Quarter will Burn 30 million BGB, Worth Approximately $138 million

BlockBeats News, July 10th, Bitget announced that 30,001,053.1 BGB will be burned in the second quarter of 2025, accounting for approximately 2.56% of the circulating supply, with a total value of approximately $138 million. The corresponding BGB will be sent to the burn address, and a record will be made public on the chain upon completion.

Previously, Bitget Token (BGB) updated and upgraded its burn plan. The new burn mechanism is based on the actual usage scenarios of BGB, linked to "on-chain Gas fees," ensuring community transparency based on BGB's actual usage scenarios. The first-quarter burn was completed on April 17th.

Current CoinMarketCap data shows that BGB has a market capitalization of approximately $5.1 billion, ranking 27th in the global cryptocurrency total list, and is third among Centralized Exchange (CEX) platform tokens globally.