Bitget’s Q1 2025 BGB Burn: A Strategic Move Worth Watching

Hey everyone, I just came across some a crypto news I had to share!

Last week, Binance wrapped up its Q1 2025 burn, cutting its BNB supply by 0.78%, which got people talking about whether token burns really boost value long-term. Then I saw that Bitget announced their Q1 2025 burn,30,006,905 BGB tokens, or a hefty 2.5% of its total supply. That's a bigger chunk than Binance's, so it caught my eye, and I figured it's worth digging into what's going on here.

From what I've read, Bitget uses 20% of its profits each quarter to buy back and burn BGB tokens, aiming to shrink the supply and potentially lift its value. Compared to Binance's 0.78% or OKB's 1.73% from Q2 2024, this 2.5% burn feels pretty bold. I also found out that their December 2024 burn of 800 million BGB sparked a 23% price jump, pushing its market cap past $11 billion. No promises it'll happen again, but it's a trend to note!

Bitget seems to think this burn will help BGB holders, Launchpool users, and developers by keeping the token scarce and useful. After a wild 1297.5% gain in 2024,making it the top CEX token last year,this could be another step up for 2025.

As someone new to this, I'm fascinated by how exchanges use burns to tweak their token economics. It's unpredictable, sure, but this feels like something worth watching.

What do you all think?