news 
Title: Bitget’s Token Merge and Burn Boost BGB by 22%, Reaching New ATH
The crypto market has witnessed another remarkable surge in the past 24 hours, with Bitget’s native cryptocurrency, BGB, climbing an astonishing 22% and reaching a new all-time high (ATH) of $8.45. This impressive growth is attributed to the exchange’s recent token merge and burn, which has brought about significant changes in its underlying asset.
Bitget has unified its native cryptocurrencies, Bitget Token (BGB) and Bitget Wallet Token (BWB), into a single utility token, BGB. The result of this move has been nothing short of spectacular, with the asset’s value skyrocketing by more than 125% over the past week alone. What’s even more impressive is that this price increase outperformed the global crypto market, which declined by around 1.5% in the same timeframe.
In addition to this token merge, Bitget has also announced its plan to burn a substantial amount of BGB tokens – a staggering $5 billion worth of them. This move will not only further increase scarcity but also bolster the long-term value of the asset.
Source: cryptopotato.com
