According to Ai 姨, the first burn of BGB tokens has commenced. Approximately an hour ago, a multisig address 0xe36...74E62 transferred 220 million BGB tokens, worth $1.4 billion, to a dead address for burning. The source of the funds traces back to Bitget's token deployment address. Three days ago, Bitget released a new whitepaper announcing the initial burn of 800 million BGB tokens, accounting for 40% of the total supply. It appears that the burn process has started in batches via the multisig address.