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What could affect the price of BGB?

The future of Bitget Token (BGB) depends on how well its ecosystem grows, ongoing token burns that reduce supply, and changes in market sentiment.

  1. Morph Integration (Positive) – BGB is now used as the gas token for Morph, with 220 million tokens burned and another 220 million locked.
  2. Token Burns (Mixed) – 30 million BGB were burned in the second quarter of 2025, but the overall supply depends on how widely Morph is adopted.
  3. Centralization Concerns (Negative) – 72% of BGB is held by just 10 wallets, raising worries about market manipulation.

In-Depth Analysis

1. Morph Partnership & Tokenomics Update (Positive)

Overview:
Bitget Token’s role has expanded as it becomes the gas and governance token for Morph, a Layer 2 blockchain solution. A total of 440 million BGB were transferred to the Morph Foundation. Half of these tokens (220 million) were burned immediately to reduce supply, while the other half will unlock gradually at 2% per month to support ecosystem growth. The token burn rate is now linked to Morph’s on-chain activity, with a goal to reduce total supply to 100 million BGB.

What this means:
If Morph’s Layer 2 technology gains popularity, demand for BGB could increase. However, security audits (L2BEAT) have pointed out risks like centralized control over upgrades and incomplete fraud prevention mechanisms. Expect some price swings in the short term as locked tokens gradually unlock, but the long-term effect could be a scarcer and more valuable token.

2. Token Supply & Burns (Mixed Impact)

Overview:
In the second quarter of 2025, Bitget burned 30 million BGB as part of a plan to burn 60 million tokens in the first half of the year. Going forward, token burns will be tied to on-chain gas usage—for example, 1,058 BGB were burned in Q2 through Bitget Wallet’s GetGas feature.

What this means:
These token burns create deflationary pressure, which can support price increases. However, the effectiveness depends on how much Morph’s network is used. If adoption slows, the impact of burns will lessen. Past burns (like 800 million BGB in 2024) helped boost prices, but a 24% decline so far this year shows some investors remain cautious.

3. Centralization & Market Risks (Negative)

Overview:
According to CoinMarketCap, 72% of BGB’s total supply is held by just 10 wallets. Additionally, open interest in derivatives increased by 17% in September 2025, which can lead to more price volatility.

What this means:
When a few large holders (often called “whales”) control most of the tokens, there’s a higher risk of sudden price drops if they sell off. For example, $38.7 million worth of long positions were liquidated near the $5.20 price level, which could put downward pressure on BGB if that support breaks.

Conclusion

The price of Bitget Token (BGB) will largely depend on how well Morph is adopted, ongoing token burns, and overall trends in the altcoin market. While deflationary mechanics and ecosystem growth offer potential upside, risks like centralization and security issues remain. The big question is: Will Morph’s mainnet upgrades in Q4 2025 spark a new price rally, or will token unlocks lead to profit-taking? Keep an eye on BGB’s on-chain activity and Morph’s total value locked (TVL) for signs of what’s next.


What are people saying about BGB?

BGB holders are excited about token burns and price predictions, but some are cautious about large holders controlling much of the supply. Here’s the latest:

  1. Significant token burns have cut the supply by 43% since 2024
  2. Price forecasts above $15 driven by a partnership with Morph Chain
  3. Concerns about centralization since the top 10 wallets hold 72% of the supply

In-Depth Look

1. @bitgetglobal: Token Burns Creating Scarcity 🔥

"860 million tokens burned and Bitget is growing fast – long-term outlook is positive."
– @bitgetglobal (2.1M followers · 18.7K impressions · 2025-07-18 06:25 UTC)
View original post
What this means: This is good news for BGB holders because the exchange has permanently removed 43% of the total tokens since 2024. This reduces supply and can increase the token’s value. For example, in the second quarter of 2025 alone, 30 million BGB tokens worth $138 million were burned.

2. @MFaarees_: Morph Chain Partnership Boost 🚀

"440 million BGB transferred to Morph Foundation – 220 million burned immediately, the rest locked to support ecosystem growth."
– @MFaarees (8.3K followers · 4.2K impressions · 2025-09-03 10:09 UTC)
[View original post](https://x.com/MFaarees/status/1963182579378430429)
What this means: The partnership with Morph Chain increases BGB’s use as a token for transaction fees and governance. However, there’s a risk because 72% of the tokens are held by just 10 wallets, which could lead to price manipulation. Despite this, technical analysis suggests the price could reach up to $13.

3. @MrCryptoceek: Staking Rewards and Passive Income 📈

"247% annual returns from staking plus price gains – BGB outperforms BNB and OKB in centralized exchange token returns."
– @MrCryptoceek (14.6K followers · 9.1K impressions · 2025-08-30 21:30 UTC)
View original post
What this means: BGB is attractive for investors because its Launchpool offers high staking rewards, ranging from 49% to 329% annual percentage rates (APR) as of July 2025. However, the Relative Strength Index (RSI) of 52 indicates the token is moderately overbought at its current price of $5.14.

Conclusion

Overall, the outlook for BGB is cautiously optimistic. The token’s decreasing supply and growing use cases support potential price gains, but the heavy concentration of tokens in a few wallets is a risk factor. Keep an eye on the $5.20 resistance level—if BGB breaks above this, it could move toward $6 to $8. If it fails, the price might drop to around $4.30. Also, watch how the Morph Chain partnership develops and monitor wallet concentration to better understand where the price might head.


What is the latest news about BGB?

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What is expected in the development of BGB?

The Bitget Token (BGB) roadmap highlights key plans like strategic token burns, expanding its ecosystem, and rewarding users.

  1. Morph Integration (September 2025) – BGB will serve as Morph’s gas and governance token, with ongoing token burns.
  2. Q3 2025 Token Burn (October 2025) – Bitget will burn tokens quarterly based on platform activity.
  3. Channel Incentives (September–December 2025) – Users can earn rewards for trading and referrals.

Deep Dive

1. Morph Integration (September 2025)

Overview: Bitget transferred 440 million BGB tokens to the Morph Foundation. Half of these (220 million) were burned right away, reducing the total supply. The other half will unlock gradually (2% per month) to support the Morph ecosystem. Token burns will now be linked to activity on the Morph network, aiming to reduce total supply to 100 million tokens (Morph Partnership).

What this means:

2. Q3 2025 Token Burn (October 2025)

Overview: Bitget regularly burns BGB tokens based on how much the platform is used, including trading volume and fees. In Q2 2025, 30 million BGB worth about $138 million were burned. The Q3 burn is expected to follow a similar pattern (Q2 Burn Details).

What this means:

3. Channel Incentives (September–December 2025)

Overview: Bitget introduced a program in China that rewards users with USDT and BGB for referring VIP traders, trading large volumes, and staying active. Traders moving over 1 million USDT monthly receive BGB airdrops each month (Program Details).

What this means:

Conclusion

Bitget Token’s roadmap combines reducing supply through burns, increasing its usefulness via Morph integration, and growing its user base with incentives. The main challenges are depending on Morph’s success and overall market conditions. With BGB showing 431% growth over the past year (as of September 2025), the big question is whether it can keep up this momentum in a volatile crypto market.


What updates are there in the BGB code base?

Bitget Token (BGB) is evolving with new features like Morph integration and improved token burn methods.

  1. Morph Chain Integration (September 3, 2025) – BGB now serves as the gas and governance token on Morph’s Layer 2 network.
  2. Burn Mechanism Update (July 9, 2025) – Token burns are now linked to actual network gas usage.
  3. Chainlink PoR Integration (August 20, 2025) – Real-time verification of token reserves added for greater transparency.

Deep Dive

1. Morph Chain Integration (September 3, 2025)

What happened: Bitget upgraded BGB so it can be used as the native gas and governance token on Morph, a Layer 2 solution built on Ethereum. This means BGB’s role expands beyond just Bitget’s platform into the wider decentralized finance (DeFi) world.

As part of this, 440 million BGB tokens held by the team were transferred to the Morph Foundation. Of these, 220 million were burned immediately to reduce supply, and the rest are locked with a small portion unlocking monthly. The burn system now adjusts based on Morph’s network activity, aiming to bring total supply down to 100 million tokens.

Why it matters: This is positive for BGB because it opens up new uses in DeFi, such as paying transaction fees and participating in governance decisions on Morph. As Morph grows, demand for BGB could increase. Plus, users still enjoy benefits on Bitget, like discounted fees.
(Source)

2. Burn Mechanism Update (July 9, 2025)

What happened: Bitget changed how BGB tokens are burned by linking it to actual gas fees paid on the blockchain. For example, in the second quarter of 2025, 1,058 BGB used for gas fees triggered a burn of 30 million tokens, worth about $138 million.

The new burn formula is: 

(Total Gas Fees × 1,000) ÷ (Avg BGB Price + 1,000) + 30,000,000

This means the number of tokens burned depends on how much the network is used.

Why it matters: This update is somewhat positive for BGB. While burning tokens reduces supply (which can increase value), the formula’s complexity means small changes in gas fees might not have a big effect. Over time, if more people use the network, token scarcity could increase faster.
(Source)

3. Chainlink PoR Integration (August 20, 2025)

What happened: Bitget added Chainlink’s Proof of Reserve (PoR) technology to verify in real-time that wrapped BTC (BGBTC) tokens are fully backed 1:1 by actual Bitcoin reserves. This required smart contract upgrades for on-chain transparency.

Why it matters: This is good news for BGB because it builds trust. Users can instantly check that the tokens are backed by real assets, lowering the risk of loss due to counterparty issues. It also aligns with growing regulatory demands for transparency.
(Source)

Conclusion

Bitget Token (BGB) is moving toward broader decentralized use through Morph integration, while improving its tokenomics with activity-based burns and transparent reserve verification. These changes position BGB as a link between centralized exchange efficiency and decentralized finance innovation. The big question is whether Morph’s growth will support BGB’s expanded role in the Web3 ecosystem.


Why did the price of BGB fall?

Bitget Token (BGB) dropped 1.14% in the last 24 hours to $5.20, underperforming the overall crypto market, which rose by 0.78%. Here’s why:

  1. Concerns Over Morph Partnership – Bitget moved 440 million BGB tokens to Morph Layer 2, raising worries about centralization and security.
  2. Weakness in Altcoins – Market fear is pushing investors toward Bitcoin, which now dominates with 57.87% market share.
  3. Technical Price Correction – BGB’s price pulled back from a recent high of $5.44 and is testing important support levels.

Detailed Analysis

1. Uncertainty Around Morph Partnership (Negative Impact)

Bitget transferred 440 million BGB tokens to the Morph Foundation, splitting them evenly between tokens that were burned (destroyed) and tokens that were locked. This move made BGB the native token for Morph’s Layer 2 solution. However, security audits have raised red flags about Morph, pointing out issues like centralized control and ineffective fraud prevention (source).

What this means: Although burning tokens reduces supply, which is usually positive for price in the long run, concerns about Morph’s security and control led investors to sell off some BGB tokens. After the announcement on September 3, BGB’s price dropped by 10%, showing market skepticism.

What to watch: Keep an eye on how active Morph’s network becomes and whether BGB gains more real-world use within the Morph ecosystem.

2. Altcoin Market Sentiment (Mixed Impact)

The Altcoin Season Index, which measures how altcoins are performing compared to Bitcoin, fell 7.79% over the past week to 71. This indicates that investors are moving money out of altcoins and into Bitcoin. BGB’s trading volume in the last 24 hours dropped by 30.4% to $418 million, reflecting a general lack of enthusiasm for altcoins right now.

What this means: BGB’s price decline of 1.14% was sharper than Ethereum’s 0.5% drop and less severe than Binance Coin’s 3% weekly fall. The Fear & Greed Index, which gauges market emotions, dropped to 32 (fear), down from a neutral 41 the day before. This fear is limiting speculative buying in altcoins like BGB.

3. Technical Price Support (Neutral to Slightly Negative)

BGB’s price remains above its 200-day exponential moving average (EMA) at $4.54, which is a key long-term support level. However, it is facing resistance near the 7-day simple moving average (SMA) at $5.22. The MACD indicator shows a slight positive momentum, but the Relative Strength Index (RSI) at 55.8 suggests the market is neither overbought nor oversold.

What this means: Traders are watching the $5.08 Fibonacci retracement level closely. If BGB’s price falls below $5.00, it could trigger forced selling (liquidations), especially since there is about $38.8 million in leveraged long positions between $4.44 and $5.20 (source).

Conclusion

BGB’s recent price drop is mainly due to concerns about its partnership with Morph and a general slowdown in altcoin interest. This is somewhat balanced by its deflationary token model, with 860 million BGB tokens burned since early 2024.

Key point to watch: Will BGB hold above the $5.00 support level, or will a sell-off of leveraged positions push the price lower? Also, monitor how Morph develops and whether Bitcoin’s dominance continues to rise, as these factors will influence BGB’s direction.