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Top asset management team helps you profit without hassle
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Lookonchain: Bitget has burned 220 million BGB and locked 220 million BGB to a new Wallet.
According to Foresight News, monitored by Lookonchain, BGB has completed a significant update, having burned 220 million BGB (worth approximately $1.09 billion), and will transfer another 220 million BGB (worth approximately $1.09 billion) to a new Wallet for locking. This move is related to the exclusive strategic partnership announced between Bitget and Morph. Morph will use BGB as its Gas and governance token, and the Morph Foundation will update the BGB Burn Mechanism, linking it to Morph network activities until the total supply of BGB is reduced to 100 million.