Why did the price of BGB fall?

Bitget Token (BGB) dropped 1.67% in the last 24 hours to $4.88, underperforming the overall crypto market, which was down just 0.06%. Here’s a quick look at why:

1. Technical Pullback – BGB fell below important moving averages, and momentum indicators show weakening strength.
2. Profit-Taking in Exchange Tokens – After Binance Coin (BNB) surged recently, traders took profits, causing a sector-wide pullback.
3. Altcoin Weakness – Investors shifted money toward Bitcoin, which increased its market dominance, while altcoins like BGB lost ground.

Deep Dive

1. Technical Breakdown (Negative Signal)

What happened: BGB’s price fell below its 7-day and 30-day simple moving averages (around $5.21 and $5.23), which are key levels traders watch. The Relative Strength Index (RSI) is at 43.53, indicating the token is moving toward oversold territory but not quite there yet. The MACD indicator also points to bearish momentum.

What this means: Traders sold off after BGB couldn’t hold the important $5.00 level, triggering stop-loss orders that accelerated the decline. Now, the price is testing a support level at $4.90, based on Fibonacci retracement (a tool used to identify potential support and resistance levels).

What to watch: If BGB closes below $4.85 for a sustained period, it could drop further toward $4.66, another key support level.

2. Profit-Taking in Exchange Tokens (Mixed Impact)

What happened: BGB’s weekly drop of 13.45% follows a similar trend in exchange tokens. Binance Coin (BNB) fell 3.3% after reaching an all-time high of $1,185 on September 27, 2025. OKB also dropped 15% from its recent peak.

What this means: Traders are cashing in profits after strong rallies in exchange tokens during the third quarter. Even positive news for Bitget, like its partnership with Morph Chain, wasn’t enough to counteract this broader sector rotation.

3. Altcoin Weakness (Negative Signal)

What happened: The Altcoin Season Index, which measures how well altcoins are performing compared to Bitcoin, dropped 27% to 40, indicating money is moving back into Bitcoin. Additionally, total open interest in crypto derivatives fell by 6.78% in 24 hours, showing reduced risk appetite for mid-sized coins like BGB.

What this means: BGB’s 1.67% decline contrasts with Bitcoin’s slight gain of 0.15%, showing that investors are playing it safe and favoring Bitcoin amid a neutral market mood (Fear & Greed Index at 42).

Conclusion

BGB’s recent dip is due to a mix of technical factors, profit-taking in the exchange token sector, and a shift of capital toward Bitcoin. While Bitget’s aggressive token burns (removing 30 million BGB in Q2 2025) support the token’s long-term value, short-term price action depends on whether $4.85 holds as a support level.

Key point to watch: Can BGB bounce back above $5.00 as spot trading volume rises (+30.37% to $481 million)? If not, the token could face a deeper correction toward the 200-day exponential moving average at $4.70.

What could affect the price of BGB?

Bitget Token (BGB) is navigating supply changes and expanding its ecosystem.

1. Morph Integration (Positive) – 440 million BGB moved to Morph; half was burned to reduce supply, and half locked to support growth.
2. Burn Mechanism (Mixed) – New token burn tied to Morph’s activity aims to lower total supply to 100 million.
3. Exchange Competition (Neutral) – Other exchange tokens like BNB and OKB are gaining, but Bitget’s 120 million users help keep demand steady.

In-Depth Analysis

1. Morph Partnership & Supply Impact (Positive)

What happened:
In September 2025, Bitget moved 440 million BGB tokens (about 39% of all tokens) to the Morph Foundation:

• 220 million BGB were burned immediately, cutting supply by roughly 20%.
• The other 220 million were locked, with 2% released monthly to support the ecosystem.
  BGB is now used for transaction fees and governance on Morph, a Layer 2 blockchain supported by investors like Dragonfly and Pantera (The Block).

Why it matters:
Reducing supply can increase token value if demand grows alongside Morph’s adoption. After the announcement, BGB’s price jumped about 15% in one day (NullTX).

2. Token Burns & On-Chain Use (Mixed Outlook)

What happened:
Bitget introduced a new burn system where tokens are burned based on how much Morph’s network is used. In the second quarter of 2025, 30 million BGB (about 2.5% of supply) were burned (Bitget). If Morph’s usage increases, burns could speed up.

Why it matters:
Burning tokens reduces the number available for sale, which can support prices. However, this depends on Morph’s success. If adoption is slow, token unlocks (4.4 million BGB monthly) might offset the burns. The current Relative Strength Index (RSI-14) at 43.53 shows neutral momentum, meaning steady demand is needed to push prices higher.

3. Exchange Token Market Trends (Neutral)

What happened:
Other exchange tokens like Binance Coin (BNB) and OKB saw big gains in October 2025, rising 20% and 15% respectively amid market rotation (Coinspeaker). Bitget is the fourth largest in derivatives trading volume but faces competition from Binance and Kraken’s $20 billion acquisition talks.

Why it matters:
BGB could benefit from positive trends in exchange tokens but remains vulnerable to competition. A recent 7-day trading volume drop of 11.67% suggests caution, despite a strong $480 million daily turnover.

Conclusion

BGB’s future depends heavily on how quickly Morph is adopted and Bitget’s ability to keep its users amid growing competition. The unlocking of 220 million tokens between 2025 and 2026, along with 72% of tokens held by the top 10 wallets, could cause price swings. The key question: Will Morph’s payment system generate enough activity to keep token burns high? Keep an eye on Morph’s total value locked (TVL) and BGB’s market share on exchanges.

What are people saying about BGB?

Conversations around Bitget Token (BGB) focus on token burns, the new Morph Chain partnership, and opportunities for passive income. Here’s what’s trending:

1. Morph partnership pushes price targets to $6
2. 860 million BGB burned in 2025 creates scarcity buzz
3. 420% annual returns spark debate versus BNB and OKB
4. Whale concentration (72% held by top 10 wallets) raises concerns

Deep Dive

1. @bitgetglobal: Morph Chain integration looks promising

"440 million BGB moved to Morph Foundation – 220 million burned immediately, rest locked to support ecosystem growth. BGB now serves as Morph’s gas and governance token."
– @bitgetglobal (2.1M followers · 18K impressions · 2025-09-03 10:09 UTC)
View original post
What this means: This is positive for BGB. Being used as a gas token on Morph Chain could increase demand. However, the locked tokens will gradually unlock at 2% per month starting October 2025, which might put some downward pressure on price later.

2. @MrCryptoceek: Token burns increase scarcity

"30 million BGB burned in Q2 alone ($138 million value) – total burns have reached 860 million since 2024. This deflationary approach is similar to BNB’s early strategy."
– @MrCryptoceek (89K followers · 4.2K impressions · 2025-08-30 21:30 UTC)
View original post
What this means: This is a long-term positive since the total supply has dropped by 43% since 2024. However, the recent 11% weekly price drop shows some short-term selling pressure.

3. CoinMarketCap Community: Strong passive income potential

"BGB holders earned +12% returns compared to losses in BNB and OKB Launchpools during the first half of 2025. July staking yields ranged from 179% to 329% APY."
– CMC User (367 upvotes · 2025-08-18 00:53 UTC)
View original post
What this means: This is moderately positive. High staking rewards attract investors, but these returns depend on continued growth of the platform.

4. AMBCrypto: Whale holdings pose risks

"72% of BGB is held by the top 10 wallets, with the largest wallet controlling 22%. This concentration could lead to increased price volatility."
– AMBCrypto Analysis (2025-09-03 00:00 UTC)
View original post
What this means: This is a negative factor. When a few holders control most of the tokens, it increases the risk of sudden price swings due to large sell-offs or coordinated moves.

Conclusion

Overall, the outlook for Bitget Token (BGB) is cautiously optimistic. The aggressive token burns and new uses through the Morph Chain partnership support growth, but the high concentration of tokens in a few wallets is a risk to watch. Pay close attention to the monthly unlocking of Morph-locked BGB starting October 2025 at 2% per month, as increased selling pressure could challenge the token’s scarcity-driven value.

What is the latest news about BGB?

Bitget Token (BGB) is making strategic moves with token burns, new partnerships, and increased transparency. Here’s a quick update:

1. Morph Chain Integration (September 2, 2025) – BGB is now the gas and governance token for Morph Chain. Bitget burned 220 million BGB and locked another 220 million.
2. Q2 2025 Token Burn (July 10, 2025) – Bitget destroyed 30 million BGB tokens, worth about $138 million, to reduce supply.
3. Proof of Reserves Update (September 25, 2025) – Bitget reported a strong reserve ratio of 186%, showing solid backing of user assets.

In-Depth Look

1. Morph Chain Integration (September 2, 2025)

What happened: Bitget moved 440 million BGB tokens to the Morph Foundation, a Layer-2 blockchain that focuses on real-world assets. Half of these tokens (220 million) were burned immediately, reducing the total supply. The other half will unlock slowly, at 2% per month, to support ecosystem growth. Now, BGB is used to pay transaction fees and participate in governance on Morph, giving it new uses beyond Bitget’s exchange platform.
Why it matters: This is a positive development for BGB. By becoming part of Morph Chain, BGB is expanding its role across multiple blockchains and adding deflationary pressure through token burns. As Morph grows, demand for BGB could increase since it’s needed for transactions and decision-making on the network. (Cryptotimes)

2. Q2 2025 Token Burn (July 10, 2025)

What happened: Bitget burned just over 30 million BGB tokens, worth about $138 million, as part of its quarterly plan to reduce the total supply to 100 million tokens. The amount burned is linked to how much gas (transaction fees) is used on the blockchain and the average token price.
Why it matters: Burning tokens reduces supply, which can increase scarcity and potentially support the token’s value. However, the long-term effect depends on continued activity on the Bitget platform. Currently, the circulating supply of BGB is about 1.14 billion tokens, down 5% since the start of the year. (Bitget)

3. Proof of Reserves Update (September 25, 2025)

What happened: Bitget’s latest report shows it holds $9.25 billion in reserves to back $4.97 billion in user assets, giving a reserve ratio of 186%. Specifically, Bitcoin (BTC) reserves are over 300%, and Ethereum (ETH) reserves are over 170%.
Why it matters: This high reserve ratio helps build trust, especially after past industry failures like FTX. It shows Bitget has more than enough assets to cover user funds. Despite this, BGB’s price dropped 11% in the past week, reflecting wider market challenges. (Bitget)

Conclusion

Bitget Token is making strong moves to grow its role beyond just being a token on a centralized exchange. By integrating with Morph Chain, burning tokens to reduce supply, and increasing transparency with solid reserves, Bitget is working to strengthen BGB’s position. However, the recent 11% price drop shows some ongoing market uncertainty. The key question is whether Morph Chain’s adoption can help BGB overcome these broader challenges.

What is expected in the development of BGB?

Bitget Token’s (BGB) roadmap is centered on growing its ecosystem, reducing the total supply, and forming key partnerships.

1. Morph Integration (September 3, 2025) – BGB will become the gas and governance token for Morph, with tokens being burned and locked.
2. Q3 2025 Token Burn (Third Quarter 2025) – A significant token burn linked to platform activity.
3. Chinese Channel Incentives (September 1 – December 31, 2025) – User growth campaigns offering BGB rewards.
4. Boundless Launchpool (September 16, 2025) – Stake BGB to earn ZKC tokens.
5. Supply Reduction to 100 Million (Long-term goal) – Ongoing burns connected to Morph chain usage.

Deep Dive

1. Morph Integration (September 3, 2025)

Overview: BGB will serve as the gas (transaction fee) and governance token for Morph, an Ethereum Layer 2 chain designed for everyday users. Bitget transferred 440 million BGB tokens held by the team to the Morph Foundation. Of these, 220 million were immediately burned (permanently removed from circulation), and 220 million were locked, with 2% released monthly to support ecosystem incentives (source).

What this means: This is positive for BGB’s usefulness, as it expands beyond just being an exchange token into decentralized finance (DeFi) and payment uses. The burn and lock strategy helps reduce selling pressure, but the overall success depends on how widely Morph is adopted.

2. Q3 2025 Token Burn (Third Quarter 2025)

Overview: In Q2 2025, Bitget burned 30 million BGB tokens, worth about $138 million. Analysts expect the Q3 burn to be even larger due to increased platform activity (source).

What this means: Burning tokens reduces supply, which can help support the token’s price. However, these burns depend on continued high trading volumes and on-chain activity.

3. Chinese Channel Incentives (September 1 – December 31, 2025)

Overview: This four-month program rewards users with BGB tokens for inviting VIP traders and reaching certain trading volume targets (source).

What this means: This could increase demand for BGB in the short term. However, some users might sell their rewards quickly, which could offset the positive impact.

4. Boundless Launchpool (September 16, 2025)

Overview: Users can stake their BGB tokens to earn ZKC tokens. This is part of Bitget’s plan to encourage holding BGB by offering staking rewards (source).

What this means: Staking locks up tokens, reducing supply and potentially supporting price. The value of rewards depends on how well ZKC performs after it’s listed.

5. Supply Reduction to 100 Million (Long-term)

Overview: Through the Morph partnership, token burns will be linked to activity on the Morph chain. The goal is to reduce BGB’s total supply from 1.14 billion to 100 million over time.

What this means: This is a positive long-term plan if Morph gains widespread use. However, there are risks, including regulatory challenges and competition from other projects.

Conclusion

Bitget Token’s roadmap combines short-term utility improvements (like Morph integration and token burns) with long-term plans to reduce supply. The success of the Morph partnership is crucial—it could make BGB a key token across multiple blockchains. However, if Morph doesn’t gain traction, BGB’s growth could be limited. It will be important to watch Morph’s adoption metrics, such as total value locked (TVL) and transaction volume, and see how they relate to BGB’s token burns in late 2025.

What updates are there in the BGB code base?

Bitget Token (BGB) has recently undergone important upgrades to its technology and token management, linked to new partnerships and improvements in how the token works.

1. Morph Chain Integration (September 3, 2025) – BGB is now the main token used for fees and governance on Morph, a Layer 2 blockchain.
2. Burn Mechanism Update (April 8, 2025) – Token burning is now connected to actual network usage, making supply reduction more dynamic.
3. Q2 2025 Burn Execution (July 9, 2025) – 30 million BGB tokens were permanently removed from circulation to reduce supply.

Deep Dive

1. Morph Chain Integration (September 3, 2025)

Overview: Bitget Token (BGB) became the official token for paying transaction fees and participating in governance on Morph, a blockchain designed to improve user experience on Layer 2 networks. This required technical updates to allow BGB to work seamlessly within Morph’s system.

As part of this change, 440 million BGB tokens held by the Bitget team were transferred to the Morph Foundation. Of these, 220 million were immediately burned (destroyed), and the rest were locked to support the ecosystem’s growth. The burning process was also updated to automatically reduce supply based on how much the Morph network is used, aiming to eventually lower total supply to 100 million tokens.

What this means: This is a positive development for BGB. It expands the token’s use beyond just exchange-related benefits, allowing holders to participate in decentralized governance and cross-chain activities. This integration strengthens BGB’s position in the broader Web3 ecosystem and helps reduce supply over time, which can support token value. (Source)

2. On-Chain Utility Burn Update (April 8, 2025)

Overview: Bitget updated the way BGB tokens are burned by linking the burn amount directly to the actual gas fees paid on the blockchain through Bitget Wallet’s GetGas feature.

The new formula calculates burns based on network activity:
Burn amount = (Gas fees in BGB × 1000) ÷ (Avg BGB price + 1000) + 30M. This means the number of tokens burned adjusts dynamically with real usage instead of following a fixed schedule.

What this means: This change is generally positive but introduces some variability. If network activity is low, fewer tokens will be burned. However, it encourages more people to use BGB for transactions, increasing its real-world utility and making the burn process more transparent. (Source)

3. Q2 2025 Burn Execution (July 9, 2025)

Overview: In the second quarter of 2025, Bitget burned just over 30 million BGB tokens, worth about $138 million, following the updated burn mechanism. This reduced the total supply to approximately 1.14 billion tokens, moving closer to the long-term goal of 100 million.

The burn was done through verifiable on-chain transactions, with the burn addresses made public for transparency. This was the second time in 2025 that over 30 million tokens were burned in a quarter, removing about 5% of the total supply in the first half of the year.

What this means: This is a strong positive signal for BGB. The aggressive reduction in supply helps offset recent price drops (an 11.7% decline over 7 days as of October 13, 2025) by creating scarcity, which can support price stability and growth as the token’s use expands. (Source)

Conclusion

The recent updates to Bitget Token (BGB) focus on increasing its practical use—especially through the Morph integration—and making token burning more transparent and tied to real demand. With over 60 million BGB tokens burned in 2025 and growing cross-chain capabilities, BGB is evolving from a simple exchange reward token into a key player in multiple blockchain ecosystems.

The big question now is: How will BGB’s role in Morph’s payment system affect its adoption compared to competitors like BNB?