BGB · the burn is real, and it never touches the float.
BGB is Bitget's exchange token, settled on Ethereum and now the gas token of a second chain — 699.99M circulating out of a headline 910.92M, from a supply minted once and never again.
Sell pressure. Zero. The contract has no mint step, and the 220M ecosystem reserve — advertised at 2% a month — has released nothing to market in eleven months.
Buy pressure. A genuine burn of 3.01M BGB on Jul 14 2026 — but paid out of that same locked reserve, so it cut the headline total and took nothing off the market.
Net. 0.00% — the tradable float has not moved through three burns this year. Flat, not deflationary.
- Next quarterly burn~3M BGBMid-Oct 2026 · three firings running at about the same size — paid from the locked reserve, so the float is unchanged
- Ecosystem reserve left to draw210.9M BGBNov 29 2026 · eleven months of nothing released to market — the first outflow that is not a burn changes this page
- Corporate wallet inside the float227.6M BGBNov 29 2026 · unmoved all quarter, needs no unlock to be sold — the real thing to watch
Nothing can create a new BGB. The token was minted once when the contract was deployed and the contract has no mint step at all, no owner and no way to add one — the supply figure read the same at both ends of the 90 days.
The 220M ecosystem reserve is often described as releasing 2% a month, which would be about 13.2M over 90 days. On-chain it released nothing to any market — the only money that ever left that wallet went to the burn address, and the project's own wording is a ceiling, not a schedule. The unlock trackers show no scheduled cliff either.
No team-controlled wallet sold. Two are tracked. The ecosystem reserve holds 210.93M and is the entire non-circulating bucket — it shrank only by the quarterly burn. The Bitget corporate wallet holds 227.60M, did not move all quarter, and is the one that matters: it already sits inside the tradable count at about 32.5% of it, so it needs no unlock to reach an order book, and it is larger than the burn reserve.
No bankruptcy estate and no court-supervised trustee distributes BGB on a schedule, so nothing arrives from that side.
No BGB is bought back. The old model — a fifth of quarterly profit spent repurchasing the token — has been retired, and the wallet that funds the burn has taken in money exactly once in its life and has never bought a single coin on the open market.
The burn is real and it fired inside the window: 3.01M BGB destroyed on Jul 14 2026, sized off a quarter of network fees. But it was paid out of the locked reserve, and that reserve is the whole of the supply already excluded from the tradable count — so the burn cuts the headline total and the reserve by the same amount and takes nothing off the market. Float effect for the quarter: zero.
No public evidence of release in window — monitored.
Nothing new was locked away. The one contract that grew looks like a lock and is not — it is the bridge that mirrors BGB onto the second chain, and it holds the same amount that chain reports, so it moves coins sideways rather than off the market.
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