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Bitget merges tokens and burns five billion boosting BGB to new high

Bitget has merged its native cryptocurrencies, Bitget Token (BGB) and Bitget Wallet Token (BWB), resulting in a 22% price surge for BGB, reaching an all-time high of $8.45. The exchange plans to burn over $5 billion worth of BGB tokens, representing more than 40% of its total supply, further enhancing its value.BGB has seen a remarkable increase of over 125% in the past week and nearly 430% over the last month, positioning it as a leading cryptocurrency in 2024. The merger aims to expand BGB's utility in decentralized applications and real-world payments, ensuring a smooth transition for BWB holders.
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