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.

VICTORIA, Seychelles, Dec. 27, 2024 (GLOBE NEWSWIRE) --

Bitget's BGB price witnessed a phenomenal uptick as the crypto exchange revealed a new white paper, revealing an 800 million token burn plan.

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

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

Bitget has announced plans to burn 800 million of its native BGB tokens, equivalent to 40% of the total supply, valued at approximately $6.8 billion.

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.