According to @lookonchain, three whale addresses have withdrawn a combined 244,255 BGB (approximately $1.172M) from Bitget across recent periods, constituting net exchange outflows. According to @lookonchain, wallet 0x8900 withdrew 192,668 BGB (~$936K) over the past two months, wallet 0x171D withdrew 30,607 BGB (~$134K) two days ago, and wallet 0x7C9C withdrew 20,980 BGB (~$102K) over the past three months. According to @lookonchain, these transactions indicate ongoing BGB accumulation by large holders.

According to @lookonchain, the cryptocurrency exchange Bitget executed another significant token burn, removing 30 million BGB tokens, valued at approximately $130.2 million, from circulation yesterday. This latest event brings the total amount burned over the past eight months to a substantial 860 million BGB, equivalent to $5.25 billion. For traders, such large-scale token burns are a key deflationary signal, as reducing the total supply can potentially increase the value of the remaining tokens, making this a critical development for those monitoring the BGB market.