BGB Surges to Touch $8.49 Setting a New All-Time High, with a 24-hour Gain of 23.3%

BlockBeats News, December 27th, according to Bitget market data, BGB has surged to a new all-time high of $8.49, currently trading at $8.31, representing a 23.3% increase in the past 24 hours.

BlockBeats previously reported that the Bitget team has released a new version of the BGB Whitepaper, announcing the introduction of a buyback and burn mechanism. In the initial burn, 800 million BGB held by the core team will be burned in one go, accounting for 40% of the total supply. Based on the current price of BGB, the value of the burned portion exceeds $5 billion. After the burn, the total supply of BGB will be reduced to 1.2 billion, with 100% in circulation.