Whale Activity Fuels BGB Accumulation Amid Bitget’s Token Burn Strategy

Large-scale transactions involving whale wallets have fueled the recent surge in BGB, the native token of the Bitget exchange. Over $1 million in BGB has been withdrawn from Bitget by notable addresses. 860 million BGB—roughly equivalent to $5.25 billion—has also been burned over the past eight months as part of a strategic deflationary approach, signaling increased scarcity and long-term value for the token.