According to @lookonchain, 220M BGB valued at $1.09B was burned, and another 220M BGB valued at $1.09B was transferred to a new wallet for locking. According to @lookonchain, these on-chain transactions align with an exclusive strategic partnership announcement between Bitget and Morph. According to @lookonchain, Morph will adopt BGB, and a combined 440M BGB ($2.18B) is implicated across the burn and lock events.