Get the latest news!
In the past hour, 800 million BGB, worth 5.2 billion dollars, has been burned through 5 multi-signature addresses at the BGB deployment address.
Three days ago, BGB released a new version of the white paper: it will first burn 800 million BGB, accounting for 40% of the total supply, and it seems that the burn has been completed. This move may impact BGB's market value and performance, and is worth continued attention.
From the daily chart perspective, after continuously reaching new historical highs, BGB experienced a pullback, showing two consecutive days of declines with increased trading volume, likely due to profit-taking sell-offs. However, the trend has not been broken, and there is support at MA10 below, so in the short term, a pullback to around 6 seems to be basically in place. After the adjustment, it is expected to continue to challenge the previous high of 8.5. For those who like to bottom fish or increase their positions, the 6 level is a good opportunity to buy BGB spot, cherish the intraday pullbacks.