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Why did the price of BGB go up?

Bitget Token (BGB) increased by 2.35% in the last 24 hours, outperforming the overall crypto market’s modest 0.28% gain. This fits with a positive trend over the past week (+1.92%) and month (+7.14%). The main factors driving this growth are a new partnership with Morph, updates to trading fees, and strong technical signals.

  1. Morph Chain Integration (Positive Impact) – 220 million BGB tokens were burned and another 220 million locked, reducing supply and increasing scarcity.
  2. PRO Tier Fee Reductions (Positive Impact) – Lower trading fees encourage more trading activity.
  3. Technical Breakout (Mixed Impact) – Price remains above key moving averages but faces resistance near $5.05.

Detailed Analysis

1. Morph Partnership & Tokenomics Changes (Positive Impact)

Summary: On September 3, Bitget transferred 440 million BGB tokens to the Morph Foundation. Half of these tokens (220 million) were permanently removed from circulation (burned), while the other half were locked with a slow monthly release of 2%. This immediately cuts the circulating supply by about 3.2%, positioning BGB as the main token for Morph’s network, used for transaction fees and governance.

What this means:

What to watch: Activity on the Morph blockchain after its mainnet launch expected in Q4 2025.

2. PRO Tier Fee Reductions (Positive Impact)

Summary: Starting September 16, Bitget lowered futures trading fees for PRO tier users by 10-12.5% and reduced the trading volume needed to qualify for higher tiers.

What this means:

What to watch: Changes in 24-hour derivatives trading volume, which currently stands at $766 million, following the fee update.

3. Technical Momentum (Mixed Impact)

Summary: BGB is trading at $5.01, above its 7-day average price of $4.94 and 30-day average of $4.75. The Relative Strength Index (RSI) at 58 indicates positive momentum without being overbought.

What this means:

Conclusion

The recent rise in BGB reflects a tighter supply due to the Morph partnership, fee reductions that encourage more trading, and positive technical signals. The key question is whether BGB can maintain momentum above $5.05 as the Morph integration continues. Keep an eye on blockchain activity related to gas usage and adoption of the PRO tier after September 16.


What could affect the price of BGB?

The future price of Bitget Token (BGB) depends on supply changes, growth in its ecosystem, and overall market mood.

  1. Morph Integration (Positive) – BGB becomes the main token for fees and governance with significant token burns and locked supply.
  2. Exchange Competition (Mixed) – BGB faces competition from other exchange tokens but benefits from Bitget’s growing features.
  3. Regulatory Environment (Neutral) – EU licenses improve trust, but global regulations could create challenges.

Detailed Overview

1. Morph Partnership & Tokenomics Update (Positive Impact)

What happened:
On September 3, 2025, Bitget moved 440 million BGB tokens to the Morph Foundation:

Why it matters:
Burning tokens reduces supply, which can increase value if demand stays the same or grows. Past burns (like 860 million BGB in 2024) were followed by price increases. Morph’s use of BGB for payments (including integration with Bitget PayFi) could make BGB more valuable beyond just being an exchange token.

2. Competition Among Exchange Tokens & Platform Growth (Mixed Impact)

What happened:
Bitget’s user base reached 120 million in 2025, but BGB competes with tokens like BNB, OKB, and GT. BGB staking offers high returns (up to 87% APR for some products), which is attractive compared to competitors. However, users often move funds between different tokens, which can affect demand.

Why it matters:
Bitget’s Launchpool and low trading fees (as low as 0.018% for top traders) encourage users to hold BGB. Still, market trends, like the altcoin season index at 71 (as of September 16), show investors may shift to riskier assets. BGB needs to maintain its appeal amid this competition.

3. Regulatory Developments (Neutral Impact)

What happened:
Bitget obtained Virtual Asset Service Provider (VASP) licenses in the EU (Bulgaria and Poland) and complies with MiCA regulations, attracting institutional investors. However, U.S. regulators continue to scrutinize exchange tokens, as seen in cases like BNB.

Why it matters:
Clearer rules in Europe help build trust in BGB, but sudden regulatory changes (such as new FATF guidelines in 2025) could cause price drops. Bitget’s strong Proof of Reserves (192%) helps reassure users about the platform’s financial health.

Conclusion

BGB looks promising in the near term due to supply cuts and new uses through Morph. However, competition from other exchange tokens and regulatory uncertainties remain risks. Keep an eye on the Morph Mainnet launch in Q4 2025—if on-chain activity grows steadily, it could confirm BGB’s role as both a fee token and a governance asset. The key question is whether token burns will outpace new releases and market ups and downs.


What are people saying about BGB?

BGB holders are excited about big token burns and price targets around $15. Here’s what’s trending:

  1. Strong token burns – 30 million BGB tokens burned in Q2 2025
  2. Price predictions – Analysts expect $10 to $16 by the end of the year
  3. Passive income – Staking rewards outperforming BNB and OKB

Deep Dive

1. @bitgetglobal: 30M BGB Burn Sparks Scarcity Buzz

"860 million tokens burned since 2023 – supply down 43%!"
– @bitgetglobal (2.1M followers · 12.4K impressions · July 18, 2025, 6:25 AM UTC)
View original post
What this means: This is positive for BGB because burning tokens reduces the number available in the market. The burn is linked to actual platform use through Bitget Wallet’s gas fees, making the token more scarce and potentially more valuable over time.

2. @MrCryptoceek: Leading Passive Income

"BGB stakers earned 247% APR in July – beating BNB’s 84%"
– @MrCryptoceek (89K followers · 7.8K impressions · August 30, 2025, 9:30 PM UTC)
View original post
What this means: This is a strong positive because high staking rewards encourage people to hold BGB long-term. Plus, Launchpool rewards give out 50,000 BGB every month to active traders, adding extra incentives.

3. CoinMarketCap Community: Watching for a Technical Breakout

"Symmetrical triangle forming at $4.20 – breakout could retest $8.56 all-time high"
– Technical trader post (3.2K upvotes · August 18, 2025, 12:53 AM UTC)
View original post
What this means: This is cautiously optimistic. The chart pattern shows BGB might be building momentum, but the Relative Strength Index (RSI) at 52 suggests the market is balanced and needs more trading volume to confirm a breakout.

Conclusion

The overall outlook for BGB is positive, thanks to strong token burns and some of the best staking rewards available. However, keep an eye on January 2026, when 140 million tokens (about 12% of the total supply) will become available, which could impact the price. Watching the $4.40 support level is important—if BGB stays above this, it could confirm the bullish trend.


What is the latest news about BGB?

Bitget Token (BGB) is making moves to improve transparency and encourage more trading as interest in alternative cryptocurrencies grows. Here are the key updates:

  1. Morph Partnership & Token Burn (September 3, 2025) – 220 million BGB tokens were permanently removed from circulation, and BGB is now integrated with Morph’s platform.
  2. Lower PRO Trading Fees (September 3, 2025) – Reduced fees for futures trading to attract more active traders.
  3. Chainlink Proof of Reserve for BGBTC (August 20, 2025) – Real-time verification of Bitcoin backing increases trust and transparency.

In-Depth Look

1. Morph Partnership & Token Burn (September 3, 2025)

What happened: Bitget moved 440 million BGB tokens held by the team to the Morph Foundation. Out of these, 220 million tokens (about 24% of all BGB) were burned, meaning they are permanently taken out of circulation. The remaining tokens are locked. BGB is now used as the gas (transaction fee) and governance token on Morph’s platform, linking token burns to actual blockchain activity. The goal is to reduce the total supply of BGB to 100 million over time while making BGB a key part of Morph’s payment system.
Why it matters: This is a positive sign for BGB because it connects the token’s value to real-world use, encourages people to participate in the ecosystem, and helps reduce the total supply, which can increase the token’s value. (X post)

2. Lower PRO Trading Fees (September 3, 2025)

What happened: Bitget lowered the fees for futures trading on its PRO plans. For example, PRO6 taker fees dropped from 0.02% to 0.018%. They also made it easier to qualify for PRO2 to PRO5 tiers by reducing the trading volume requirements.
Why it matters: While this change might not immediately impact BGB’s price, it could encourage more futures trading on Bitget. Increased trading activity can lead to higher demand for BGB over time. (Bitget)

3. Chainlink Proof of Reserve for BGBTC (August 20, 2025)

What happened: Bitget added Chainlink’s Proof of Reserve system for its wrapped Bitcoin token, BGBTC. This technology automatically verifies that every BGBTC token is backed 1:1 by real Bitcoin held on the Ethereum blockchain. This helps prevent transparency issues like those seen in past exchange failures.
Why it matters: This update builds trust, especially among institutional investors, and aligns Bitget with European regulatory standards (MiCA). It positions Bitget as a leader in transparency. (Bitget)

Conclusion

Bitget Token’s recent token burns, new partnerships, and transparency improvements show a clear strategy to create a more sustainable and trustworthy token. With fewer tokens in circulation and more real-world uses, BGB could outperform other tokens in the coming months. Will this deflationary approach help BGB stand out in Q4?


What is expected in the development of BGB?

Bitget Token’s (BGB) roadmap is focused on growing its ecosystem and reducing the total supply of tokens. Key milestones include:

  1. Morph Chain Integration (September 2025) – BGB will be used as the main token for transactions and governance on Morph, an Ethereum Layer 2 (L2) network.
  2. 220 Million BGB Burn (Q4 2025) – A large one-time token burn after the Morph partnership launch.
  3. PayFi Expansion (Late 2025) – Enabling real-world payments through partnerships in travel and dining.
  4. Q3 2025 Token Burn – Expected to be a bigger burn linked to increased platform activity.

Deep Dive

1. Morph Chain Integration (September 2025)

What’s happening: Bitget Token (BGB) will become the primary token used for paying transaction fees and voting on decisions within Morph, a user-friendly Ethereum Layer 2 network designed to make blockchain faster and cheaper. Bitget moved 440 million BGB tokens held by its team to the Morph Foundation. Half of these (220 million) were burned right away, permanently removing them from circulation. The other half are locked and will be gradually released (2% per month) to support ecosystem growth. Future token burns will be tied to how much Morph is used, continuing until only 100 million BGB remain.
Why it matters: This is a positive move because locking tokens reduces the chance of large sell-offs, and tying BGB’s use to Morph’s growth could increase demand. However, if Morph doesn’t attract enough users, the expected token burns might slow down.

2. 220 Million BGB Burn (Q4 2025)

What’s happening: In September 2025, Morph Foundation burned 220 million BGB tokens, which is about 19% of the tokens currently available to the public. Going forward, token burns will happen dynamically based on how much activity happens on Morph.
Why it matters: This immediate reduction in supply is good for BGB holders because fewer tokens available can increase value. But if Morph doesn’t see enough transactions, the ongoing burns might not be significant.

3. PayFi Expansion (Late 2025)

What’s happening: Bitget plans to integrate BGB with PayFi, a payment system that will allow people to use BGB for everyday purchases like travel, dining, and shopping. They are working on partnerships with stablecoin issuers and payment processors to make BGB a reliable payment option.
Why it matters: This expands BGB’s usefulness beyond just trading on exchanges. However, success depends on how many merchants accept BGB and how regulations evolve.

4. Q3 2025 Token Burn

What’s happening: Bitget already burned 30 million BGB tokens in both Q1 and Q2 of 2025, worth $120 million and $138 million respectively. Analysts expect an even larger burn in Q3 due to a 159% year-over-year increase in spot trading volume in early 2025.
Why it matters: Token burns linked to platform activity help create scarcity, which can support the token’s price. But if the overall market slows down, trading volumes and burns might decrease.

Conclusion

Bitget Token’s roadmap aims to reduce supply aggressively through burns and increase real-world use through partnerships like Morph and PayFi. Technical analysis shows support around $4.40, but the token’s future depends heavily on Morph’s adoption and upcoming burn volumes. If successful, BGB’s shift to being a key token in an L2 ecosystem could follow a growth path similar to Binance Coin (BNB), though it faces competition in the Layer 2 space.


What updates are there in the BGB code base?

Bitget Token (BGB) has recently updated its code to improve how it’s used and to make its operations more transparent.

  1. Morph Partnership Upgrade (September 3, 2025) – BGB is now the gas and governance token for the Morph blockchain, with a new system that burns tokens based on usage.
  2. Q2 Burn Mechanism Update (July 9, 2025) – The way tokens are burned is now linked directly to how much the token is used on the blockchain.

In-Depth Look

1. Morph Partnership Upgrade (September 3, 2025)

What happened: BGB’s role has expanded to become the main token used for paying transaction fees (gas) and making decisions (governance) on Morph, a user-friendly Ethereum Layer 2 blockchain designed for everyday consumers.

As part of this upgrade, 440 million BGB tokens held by the Bitget team were transferred to the Morph Foundation. Out of these, 220 million tokens were burned (permanently removed from circulation) right away, while the remaining tokens are locked and will be gradually released at 2% per month to support ecosystem growth. The burning of tokens is now directly connected to how much the Morph blockchain is used, with a goal to reduce the total supply to 100 million tokens.

Why it matters: This is positive news for BGB holders because it increases the token’s usefulness across different blockchain networks. The more people use Morph and pay gas fees with BGB, the more tokens will be burned, making the remaining tokens scarcer and potentially more valuable.
(Source)

2. Q2 Burn Mechanism Update (July 9, 2025)

What happened: Bitget changed how BGB tokens are burned to better reflect actual usage on the blockchain. Instead of burning a fixed number of tokens, the burn amount now adjusts dynamically based on how much BGB is used for gas fees.

For example, in the second quarter of 2025, 1,058 BGB used for gas fees resulted in 30 million tokens being burned. The new burn formula is:
Burn amount = (Gas fees × 1,000) / (Average BGB price + 1,000) + 30 million

Why it matters: This update is neutral to positive for BGB. It automates the burning process and makes it more transparent, allowing users to verify token burns on Etherscan. This transparency builds trust and shows that token supply reduction is tied to real network activity.
(Source)

Conclusion

Bitget Token’s recent updates focus on increasing its usefulness across blockchains and tying token burns to actual usage. These changes strengthen BGB’s role in the growing Web3 ecosystem. The key question going forward is how Morph’s growth will impact the rate at which BGB tokens are burned in the coming months.