WBT · the contract has no instruction that can create one, and the fees destroy them every week.
WBT is the coin of the WhiteBIT exchange and the gas of its own chain — 118.0M circulating against a 400M ceiling that can only fall.
Sell pressure. Almost none. The contract has no mint instruction at all, the staged release finished earlier in 2026, and one reserve wallet sent 0.25M out on Aug 6 2026.
Buy pressure. Eleven revenue-funded burn rounds destroyed 0.58M WBT in 90 days, and the count of WBT in existence fell by exactly that.
Net. Supply shrank 0.28% over the window and is projected to shrink 0.49% over the next 90 days.
No WBT was created in these 90 days. We did not take that from the documentation — we read the contract. The instruction that would create coins is not in the code at all, the contract cannot be swapped for a different one, and there is no hidden route out of it; the only supply instruction it exposes is the one that destroys coins. The chain WBT runs as gas pays its validators out of transaction fees, and its blocks carry no fee-burning field either. That chain does not publish a supply figure we can read directly, so this row is watched rather than closed.
The staged release that shaped WBT's early years has run out. The last dated cliff was Mar 13 2026, before this window opens, and both release trackers that cover the coin now describe the schedule as finished. Nothing was due between Jun 9 2026 and Sep 7 2026, and nothing arrived. What is left undistributed no longer sits on a calendar at all, which moves it to the row below.
We read the eleven largest wallets at both ends of the window. Ten of them did not move a single coin. One did: a 4.9M holding sent 250,000 WBT out on Aug 6 2026, and that is the only supply that reached the market in 90 days. Traced end to end, the wallet took nothing in and sent 250,000 out, matching its balance change exactly. Watched as overhang: 175.65M WBT is held back and no longer sits on any published release calendar, of which two wallets hold 60.00M and 30.00M and neither moved. There is no schedule for the next firing, so nothing is projected forward.
There is no bankruptcy estate, no trustee and no court-ordered distribution attached to WBT. Nothing sits in this row and nothing is expected to.
25,000,000 WBT sits at an address nobody holds the key to, and the project counts it separately from the coins it has actually destroyed. That separation is correct and we checked it: those 25,000,000 are still inside the count of WBT in existence, so they were moved rather than destroyed, and we do not credit them as buying. The balance read 25,000,000 at both ends of the window, so nothing changed here in 90 days.
This is the whole buy side, and it is the reason WBT shrinks. The exchange spends 33% of its trading-fee income plus 5% of everything else buying WBT on the open market and destroying it on arrival. Eleven rounds fired in these 90 days, 7.06 days apart on average, from 44,810 to 58,836 coins each, 583,391 in total. We checked it both ways a burn can be faked: no coins were sent to a dead address, and the count of WBT in existence fell by 583,391 — exactly the eleven rounds, to the last decimal. The published burn table matches the chain round for round. The wallet doing the buying held nothing at either end of the window, so nothing is being quietly parked.
There is no separate fee burn. The chain WBT runs as gas uses a proof-of-authority design whose blocks carry no base-fee field, so no gas is destroyed at the protocol level, and the coin's own contract has no fee hook. Every coin destroyed in this window came through the buyback in the row above, and it is counted once there rather than twice here.
The exchange does buy WBT on the open market, but that buying is the fee-funded programme already counted above — the coins go straight to destruction rather than into a treasury. Booking it here as well would count one flow twice, so this row stays empty by design.
Holders can lock WBT with the exchange for fee discounts and it takes 14 days to unlock again, but no new lock programme was announced in this window and no quantum has ever been published for it, so there is no measurable figure to count. Nothing new was locked away that we can evidence.