Whales Accumulate BGB as Bitget Burns 43% Supply

Coinomedia2025/08/13 14:55

By:Aurelien SageAurelien Sage

Whales are actively accumulating BGB while Bitget burns 860M tokens, slashing the supply by 43%.Bitget’s Aggressive Token Burn StrategyBGB’s Bullish Outlook Amid Reduced Supply

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Whale wallets withdrew over $1M in BGB from Bitget.
Bitget has burned 860 million BGB in 8 months.
Reduced supply and whale interest signal growing demand.

Whale wallets have been quietly accumulating BGB, the native token of the Bitget exchange, in significant amounts. Over the past few months, several large transactions have been tracked leaving the exchange, suggesting long-term holding strategies or off-exchange storage.

The largest transaction came from wallet 0x8900, which withdrew 192,668 BGB (worth around $936,000) from Bitget in the last two months. Following closely, wallet 0x171D moved 30,607 BGB ($134,000) just two days ago, while 0x7C9C withdrew 20,980 BGB ($102,000) over the past three months. Altogether, these withdrawals indicate growing confidence in BGB’s future.

Bitget’s Aggressive Token Burn Strategy

What makes this accumulation even more interesting is Bitget’s recent deflationary move. The platform has burned a massive 860 million BGB—approximately $5.25 billion—over the last eight months. This represents 43% of the total supply, marking a bold attempt to increase the token’s scarcity and long-term value.

This aggressive burn mechanism is likely to have a positive impact on the token’s price, especially as demand from larger investors grows. By significantly reducing the circulating supply, Bitget is sending a strong signal of commitment to its ecosystem and its investors.

Whales are accumulating $BGB recently.

0x8900 withdrew 192,668 $BGB ($936K) from #Bitget over the past 2 months.

0x171D withdrew 30,607 $BGB ($134K) from #Bitget 2 days ago.

0x7C9C withdrew 20,980 $BGB ($102K) from #Bitget over the past 3 months.

Notably, #Bitget has burned a… pic.twitter.com/RNZSuZr0T2
— Lookonchain (@lookonchain) August 13, 2025

BGB’s Bullish Outlook Amid Reduced Supply

The combination of whale accumulation and token burns points toward a bullish sentiment for BGB. With less supply in circulation and increasing wallet activity outside the exchange, market dynamics are shifting in favor of long-term holders.

While the crypto market remains volatile, BGB is positioning itself as a token worth watching. If this trend continues, both retail and institutional investors may start paying closer attention to Bitget’s native asset.

Read Also :

Whales Accumulate BGB as Bitget Burns 43% Supply
Unmissable: $7500 in Arctic Pablo Coin Could Turn Into $75K in Top New Meme Coins to Invest in Now as Floki Inu and NPC Surge
Ethereum Surpasses Netflix in Market Cap Milestone
Sapien Brings Millions of Minds Onchain to Train AI
PumpFun Buys Back $11.6M in PUMP Despite Price Dip

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to the Goldman Sachs trading desk, the recent sharp decline in AI stocks is due to hedge funds deleveraging, rather than weakened demand. Quantitative indicators show that crowded AI positions have been significantly cleared, with the momentum basket plunging 7.8% while the Nasdaq dropped only 0.8%, indicating that the damage is highly concentrated. The suggested order for bottom fishing is: power generation → hyperscale cloud → inference/cybersecurity, with priority given to assets with real cash flow. The verification window is before November 6, and the key will be whether the capital expenditure guidance from Microsoft, Google, and Amazon is revised downward.

华尔街见闻•2026/10/27 08:18

After $20 Billion Withdraws from TMT, Goldman Sachs Trading Desk Recommends Selectively Buying the Dip in AI: Focus on Four Major Directions

JPMorgan maintains “Neutral” rating for BioNTech (BNTX.US): optimistic about the potential of pumitamig combined with B7-H3 ADC, but key data readouts will only be available after 2028.

JPMorgan maintains a "Neutral" rating on BioNTech, with a target price of $92.

智通财经•2026/10/27 07:56

Risk appetite drops below zero. Is the window for increasing stock positions finally open? Amid the rebound of semiconductors, Goldman Sachs firmly maintains an "overweight" allocation to stocks.

Global capital flows are exhibiting a distinct tension between "stocks seeking recovery and credit continuing to stratify." Goldman Sachs' risk appetite indicator has dropped to -0.5, not yet reaching the historically stronger contrarian buying range. However, resilient technology earnings expectations, lower valuations, and reduced position crowding have already improved the expected returns for equities.

智通财经•2026/10/27 07:47

Asian stock markets rebound higher, South Korean stocks close up 3.1%, SK Hynix rises over 5%, oil prices continue to fall, gold prices dip below 4000 again

Anthropic has filed for an IPO, triggering a rebound across Asia-Pacific tech stocks. The Nikkei 225 index closed up 1.7% at 63,268.37 points. The TOPIX index closed up 0.6% at 3,997.37 points. South Korea’s KOSPI closed up 3.1% at 5,638.35 points. Global benchmark oil price Brent crude fell about 1% to around $114.70 per barrel. Spot gold fell below $4,000 per ounce, down 0.4% intraday.

华尔街见闻•2026/10/27 07:46