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Why did the price of BGB fall?

Bitget Token (BGB) dropped 0.52% over the past 24 hours, while the overall crypto market gained 1%. Here’s why:

  1. Profit-taking after recent gains – BGB rose 6.3% in the last week and 12.35% over the past month.
  2. Technical resistance – The price is struggling near key levels around $5.46 and $5.38.
  3. Sector rotation – Exchange tokens cooled off after earlier strong rallies, like BNB hitting a record $1,185 on October 4.

Deep Dive

1. Profit-Taking Pressures (Bearish Impact)

Over the last 90 days, BGB increased by 27%, helped by significant token burns (30 million BGB burned in Q2 2025) and its new role as the gas and governance token for the Morph blockchain. However, trading volume dropped 24% in the last day to $264 million, suggesting less buying interest.

This likely means traders are cashing out some profits after the recent price jump, especially since BGB is hitting resistance levels. The Relative Strength Index (RSI) is at 67.64, close to the overbought zone, supporting this idea.

2. Technical Resistance at Key Levels (Mixed Impact)

BGB’s price is facing resistance near the 24-hour pivot point of $5.46 and the Fibonacci retracement level at $5.38. The MACD indicator, which measures momentum, shows weakening bullish strength with a small positive value (+0.0068).

This suggests some traders sold near these price points. On the upside, the 7-day simple moving average (SMA) at $5.30 is acting as support. If the price falls below $5.30, it could lead to further declines.

3. Exchange Token Sector Cooldown (Neutral Impact)

The exchange token sector dropped 3.24% on September 27 after BNB’s big rally. BGB followed this trend even though it had positive news, like transferring 440 million tokens to the Morph Foundation (half burned, half locked).

This shows that broader market trends are currently more influential than individual token news. Investors are shifting focus to new themes like real-world asset (RWA) tokenization, with big players like HSBC and BNP Paribas joining projects like the Canton Network.

Conclusion

BGB’s recent dip is a normal pullback after strong gains, combined with technical resistance and a cooling exchange token sector. The Morph partnership and ongoing token burns remain positive factors for the long term, but short-term price action depends on holding support at $5.30.

Key watch: Will BGB break back above the $5.46 pivot point as interest in altcoins grows? (Altcoin Season Index currently at 62)


What could affect the price of BGB?

The future of Bitget Token (BGB) depends on expanding its ecosystem, reducing supply through token burns, and how the overall market behaves.

  1. Morph Integration – BGB is now used as the main token for fees and governance on the Morph blockchain, adding real-world use.
  2. Supply Reduction – 220 million BGB tokens were burned and another 220 million locked, making the token scarcer.
  3. Market Trends – Gains in other exchange tokens like BNB and OKB could influence BGB’s price, but there are risks too.

Deep Dive

1. Morph Chain Utility Expansion (Positive for BGB)

What’s happening:
BGB has become the native token for paying fees and voting on the Morph blockchain, thanks to a partnership with Morph. Bitget moved 440 million BGB tokens to the Morph Foundation. Out of these, 220 million were immediately burned (permanently removed), and the rest will unlock slowly at 2% per month to support the ecosystem (Morph Foundation).

Why it matters:

2. Deflationary Tokenomics (Good for BGB’s Value)

What’s happening:
In the second quarter of 2025, Bitget burned 30 million BGB tokens (worth about $138 million) based on a formula tied to how much the network is used and the platform’s revenue (Q2 Burn Report). The total supply of BGB could shrink from 919 million to around 100 million over time.

Why it matters:

3. Exchange Token Market Volatility (Mixed Signals)

What’s happening:
Other exchange tokens like Binance Coin (BNB) hit all-time highs, and OKB surged 15% on October 4. BGB gained 6.3% over the week but lagged behind these tokens (Coinspeaker).

Why it matters:

Conclusion

BGB’s price will largely depend on how quickly Morph adoption grows, how many tokens are burned, and overall market trends. The combination of reducing supply and adding real use cases sets a target price range of $6 to $8. However, investors should watch the monthly token unlocks and shifts in Bitcoin’s market dominance closely. The key question remains: Will Morph’s payment system generate enough activity to balance out the selling pressure from token unlocks?


What are people saying about BGB?

The Bitget Token (BGB) community is excited about rising prices and real-world uses. Here’s what’s trending:

  1. Big token burns – 860 million BGB tokens have been permanently removed since 2024, making the remaining tokens more scarce 🚀
  2. Passive income – Staking BGB offers better rewards than competitors like Binance Coin (BNB), based on July data 💰
  3. Morph partnership – BGB is now used as a gas token on the Morph Chain, with 220 million tokens burned or locked to support ecosystem growth 🔥

Deep Dive

1. @BitgetGlobal: “BGB: $6, $36, $100?”

“With 860M tokens burned and Bitget booming, long-term forecasts heat up.”
– @BitgetGlobal (3.2M followers · 12.7K impressions · July 18, 2025)
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What this means: This is a positive sign for BGB. Burning tokens has cut the supply by 40% since 2024. Technical analysis shows that if BGB’s price breaks above $5.20, it could reach $6 soon (CCN).

2. @MrCryptoceek: “BGB isn’t surviving – it’s thriving”

“Deflationary burns (30M in Q2), real-world PayFi integration, 418% annual gain.”
– @MrCryptoceek (89K followers · 2.1K impressions · August 30, 2025)
View original post
What this means: This is cautiously optimistic. BGB is expanding its real-world uses like travel and shopping payments. However, the price is still 35% below its all-time high of $8.49, so continued platform growth is needed to support ambitious price targets like $100.

3. CoinMarketCap Community: “Passive income powerhouse”

“BGB holders earned +12% monthly via Launchpool vs. Binance’s -41%, per July data.”
– CMC User (1.2K views · August 20, 2025)
View original post
What this means: This is a strong point for adoption. BGB’s higher staking yields could attract investors from coins like BNB and OKB, though this depends on the overall altcoin market staying stable.

Conclusion

Overall, the outlook for BGB is bullish. This is driven by token burns reducing supply, new uses on the Morph Chain, and better staking rewards. However, there are risks, such as 72% of BGB being held by just 10 wallets (which could impact price stability) and the token’s success being tied to Bitget’s exchange growth. Keep an eye on the $5.20 resistance level—if BGB stays above this, $6 or higher is possible. If it falls below, it could drop to around $4.40 support.


What is the latest news about BGB?

Bitget Token (BGB) is gaining momentum thanks to ecosystem growth and token burns, but large holders (whales) could cause price swings. Here’s the latest update:

  1. Partnership with Morph (September 3, 2025) – 440 million BGB tokens moved to Morph; half were burned, and the rest locked to support ecosystem growth.
  2. Boundless Launchpool Listing (September 16, 2025) – Stake BGB or Boundless (ZKC) tokens to earn a share of 755,000 ZKC rewards.
  3. Price Jump and Whale Risks (September 3, 2025) – BGB’s price rose 16% after the Morph news but faces risks due to a few wallets holding most tokens.

In-Depth Look

1. Partnership with Morph (September 3, 2025)

What happened:
Bitget teamed up with Morph, a Layer 2 blockchain focused on faster and cheaper payments. They transferred 440 million BGB tokens to the Morph Foundation. Half of these tokens (220 million, worth about $1.2 billion) were permanently removed from circulation (burned). The other half will be gradually released—about 2% each month—to support liquidity and ecosystem projects. BGB will now also be used as Morph’s gas (transaction fees) and governance token, expanding its use beyond Bitget’s exchange.

Why it matters:
This is good news for BGB because it links the token’s demand to Morph’s growing network activities like payments and decentralized finance (DeFi). Burning tokens reduces supply, which can help increase value. However, the slow release of tokens over about 50 months could lead to selling pressure if Morph’s ecosystem doesn’t grow fast enough. (CoinJournal)

2. Boundless Launchpool Listing (September 16, 2025)

What happened:
Bitget added Boundless (ZKC), a privacy-focused blockchain protocol, to its Launchpool program. Users can stake BGB or ZKC tokens (VIP users can stake up to 50,000 BGB) to earn part of 755,000 ZKC tokens as rewards. This event runs until September 18, with rewards distributed based on hourly snapshots.

Why it matters:
This encourages people to hold and stake BGB for short-term rewards, which can increase demand. But if too many people join, the rewards might be split more ways, reducing individual payouts. (Bitget)

3. Price Jump and Whale Risks (September 3, 2025)

What happened:
Following the Morph partnership announcement, BGB’s price jumped 16% to $5.44, breaking through previous resistance at $4.81. However, 72% of all BGB tokens are held by just 10 wallets, with the largest wallet owning 22%. This concentration raises concerns about price manipulation.

Why it matters:
Technical indicators like MACD and RSI suggest the price could keep rising, but the heavy concentration of tokens means a large holder selling near key price levels ($5.82–$6.43) could cause sudden price drops. (AMBCrypto)

Conclusion

Bitget Token’s move to integrate with Morph and the large token burns point to a strategy focused on long-term value by limiting supply. Still, the slow release of locked tokens and dominance by a few big holders mean investors should stay cautious. The key question is whether Morph’s network growth can keep up with token unlocks to maintain BGB’s demand and price stability.


What is expected in the development of BGB?

Bitget Token (BGB) is rolling out a plan to make the token more useful and valuable by working with new partners and growing its ecosystem. Key points include:

  1. Morph Chain Integration (Q4 2025) – BGB will be used as the main token for fees and governance on the Morph blockchain, with some tokens permanently removed from circulation (burned).
  2. Dynamic Burn Mechanism (Ongoing) – The number of BGB tokens burned will depend on how much the Morph network is used, aiming to reduce total supply to 100 million tokens.
  3. Launchpool Campaigns (Q4 2025) – Users can stake BGB tokens to earn new tokens from upcoming projects like TOWNS and BTR.
  4. Global Web3 Adoption (2026) – BGB will be integrated into Bitget Wallet for real-world payments, supported by partnerships such as motorsport sponsorships.

Deep Dive

1. Morph Chain Integration (Q4 2025)

Overview
In September 2025, Bitget transferred 440 million BGB tokens to the Morph Foundation. Half of these tokens (220 million) were immediately burned, meaning they were permanently removed from circulation. The other half is locked and will be gradually released at 2% per month to support the ecosystem (Morph Foundation). BGB will now be used to pay transaction fees and participate in governance decisions on Morph, an Ethereum Layer 2 blockchain focused on consumer payments.

What this means
This move is positive for BGB because it gives the token new uses beyond just trading on exchanges. By powering a payment-focused blockchain, BGB could see more demand. Burning tokens and locking supply helps reduce selling pressure, which can support the token’s price. However, if Morph doesn’t grow as expected, BGB’s value could be affected.

2. Dynamic Burn Mechanism (Ongoing)

Overview
After partnering with Morph, the amount of BGB burned depends on how active the Morph network is—more transactions and app usage mean more tokens burned (The Defiant). The goal is to shrink the total supply from about 920 million tokens down to 100 million over time.

What this means
This creates scarcity, which can increase BGB’s value if Morph becomes popular. But if network activity slows down, fewer tokens will be burned, which could limit price growth.

3. Launchpool Campaigns (Q4 2025)

Overview
Bitget runs Launchpool events where users can stake their BGB tokens to earn new tokens from projects like Towns Protocol (TOWNS) and Bitlayer (BTR) (Bitget Blog).

What this means
These campaigns encourage people to hold and stake BGB, which can reduce selling pressure and increase demand. However, the rewards depend on how well the new projects perform, so there is some risk involved.

4. Global Web3 Adoption (2026)

Overview
Bitget plans to integrate BGB into its Bitget Wallet’s PayFi system, allowing users to make real-world payments with BGB. They are also partnering with events like MotoGP to promote wider adoption (CoinGape).

What this means
This could help stabilize demand for BGB by giving it practical uses outside of trading. However, regulatory challenges in payment systems could slow down this progress.

Conclusion

Bitget Token’s roadmap focuses on making the token scarcer through burns, more useful through partnerships like Morph and Launchpool, and more widely adopted through real-world payment integrations. The success of the Morph partnership is key—it will largely determine BGB’s future. If Morph grows as planned, BGB could see steady demand thanks to reduced supply and increased utility. But if Morph struggles, BGB’s growth may be limited.

Will Morph’s payment-focused Layer 2 blockchain gain enough traction to support BGB’s deflationary model?


What updates are there in the BGB code base?

Bitget Token (BGB) has updated its code to improve how it’s used and manage its supply better.

  1. Morph Integration (September 3, 2025) – BGB now works as the gas and governance token on the Morph blockchain, with 220 million tokens burned.
  2. Q2 Burn Update (July 9, 2025) – Bitget burned 30 million BGB tokens based on blockchain activity.

Deep Dive

1. Morph Integration (September 3, 2025)

Overview: Bitget Token (BGB) is now connected to the Morph blockchain. This means BGB can be used to pay for transaction fees (gas) and participate in governance decisions on Morph.

As part of this, 440 million BGB tokens previously held by the Bitget team were transferred to the Morph Foundation. Out of these, 220 million were burned (permanently removed from circulation), and the other 220 million are locked with only 2% unlocking each month. The burning of tokens will continue and adjust based on how much the Morph blockchain is used, until only 100 million BGB tokens remain.

What this means: This is a positive development for BGB because it increases the token’s usefulness beyond just Bitget’s exchange platform. By reducing the total supply and enabling use on another blockchain, demand for BGB could grow.
(Source)

2. Q2 Burn Update (July 9, 2025)

Overview: In the second quarter of 2025, Bitget burned 30,001,053 BGB tokens as part of its plan to reduce supply based on how much the token is used on the blockchain.

The burn amount was calculated using a formula that considers gas fees (1,058 BGB used) and the average token price ($4.60). After this burn, the total supply of BGB is about 1.14 billion tokens. Bitget will continue burning tokens until only 100 million remain.

What this means: This update is neutral for BGB. The token supply is shrinking as planned, but the overall effect depends on continued demand from Bitget’s 120 million users and activity in its Launchpool program.
(Source)

Conclusion

Bitget Token’s updates focus on making the token more useful across different blockchains and reducing its supply over time. The integration with Morph speeds up token burns and adds governance features, which could help BGB grow despite challenges in the broader market.