Femifire

I'm bullish on $BGB 🔥

Bitget has conducted another token burn, removing 30 million BGB (worth over $138M) from circulation, more than 2% of the total supply. This follows their earlier 800M BGB burn in December 2023, which cut supply by 40%.

Since early 2024, $BGB price has risen 250%, peaking at $8.50. Some compare Bitget’s approach to Binance’s $BNB strategy, using burns to manage supply and potentially boost scarcity.

For BGB holders and market watchers, this burn raises questions about the token’s long-term trajectory. What’s your take on Bitget’s strategy?

#Blackrock #Sharplink