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Reading: Bitget Executes Historic Token Burn While BlockDAG Shatters Presale Records
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Bitget Executes Historic Token Burn While BlockDAG Shatters Presale Records

News Desk
Last updated: September 10, 2025 8:09 pm
News Desk
Published: September 10, 2025
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In 2025, the cryptocurrency landscape is exhibiting mixed trends across various major projects. One of the most significant developments is Bitget’s decision to execute a massive token burn, marking it as one of the largest supply reductions in the history of exchange coins. A total of 220 million BGB tokens, valued at approximately $1.09 billion, have been permanently removed from circulation. Additionally, another 220 million BGB tokens have been locked away, only to be released gradually to support ecosystem growth. This substantial burn reduces nearly 19% of BGB’s circulating supply, emphasizing the impact of scarcity on its value. Following this announcement, BGB’s price surged nearly 14%, and trading volume skyrocketed by 307%, reflecting strong investor confidence and marking a pivotal transformation for BGB from a mere utility token to a significant asset in Web3 governance.

Conversely, the Hedera (HBAR) ecosystem faced challenges as the native token experienced a decline of approximately 4.3%, slipping from $0.22 to $0.21. This decrease occurred after HBAR broke through critical support levels between $0.212 and $0.214. The trading activity revealed heightened panic selling, with one minute seeing over 42 million tokens exchanged. Analysts suggest this could either present a moment for potential stabilization or a deeper plunge if trading fails to recover above the critical support line. Investors are now closely monitoring the situation for signs of recovery or further declines.

Amid these contrasting actions, BlockDAG has made headlines for its extraordinary presale success, raising over $400 million prior to its listing, a feat that surpasses notable raises from established projects like Avalanche and Aptos. With a presale price set at a mere $0.0013, and early participants already seeing significant gains, the project is provoking discussions around a potential valuation of $1, indicating a staggering possible return of 76,815%. The physical validation of this presale is underscored by figures such as 3 million mobile miners adopted through the X1 app and a broad user base of 312,000 coin holders across 130 countries.

In comparing these developments, Bitget’s token burn highlights supply dynamics that influence price immediately but operate within a centralized framework. In contrast, HBAR’s struggles exemplify how technical vulnerabilities can lead to significant setbacks in even well-supported networks. BlockDAG, however, stands apart by demonstrating substantial adoption and significant capital inflows akin to IPO levels, making a compelling case for long-term investment.

As the crypto market continues to evolve, investors face a choice between reacting to short-term shifts in Bitget or HBAR’s performance or seizing the opportunity of BlockDAG’s presale, which presents a unique convergence of structural growth and speculative potential.

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CoinMela News Desk brings you the latest updates, insights, and in-depth coverage from the world of cryptocurrencies, blockchain, and digital finance.
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