ChainCatcher Latest News: Blockchain data monitoring shows that the multi-signature address 0xe36...74E62 transferred 220 million BGB to a Dead Address for destruction one hour ago, worth up to 1.4 billion USD. This action has drawn market attention to the Bitget token.

Tracing the source of the funds reveals that these BGB originated from Bitget's token deployment address. Notably, three days ago, Bitget just released its new white paper, announcing the first destruction of 800 million BGB, accounting for 40% of the total supply. From the current on-chain data, it seems that Bitget has already begun to implement this plan in batches through the multi-signature address. This move could impact the market value and performance of BGB, warranting continued attention.