BNBUSDT20240829P590
Binance Coin / Tether USD Aug 29 2024 590.00 Put
crypto

When we talk about exchange tokens, it’s usually $BNB or $OKB that dominate the conversation. But lately, I’ve found myself paying much closer attention to $BGB.
What caught my eye is Bitget’s quarterly burn program. In Q2 2025 alone, more than 30M BGB were destroyed about 2.56% of the total supply, worth roughly $138M at the time. Over just six months, more than 5% of the supply has already been removed. And what’s more interesting is that this isn’t arbitrary: the burn is tied to real usage, especially through Bitget Wallet (the GetGas function), creating a pretty unique scarcity/utility cycle.
At the same time, Bitget is pushing BGB visibility through actual initiatives. The current Onchain Trading Competition distributes rewards directly in BGB, and the token is embedded across their whole ecosystem (Onchain, CandyBomb, Launchpool, Wallet…).
It makes me feel like BGB is no longer just a “fee discount token” but could, over time, start to play in the same league as the bigger names.
👉 What do you think: is $BGB still undervalued compared to giants like $BNB, or is it already carving out its own trajectory?
https://coinmarketcap.com/currencies/bitget-token-new/

Benjamin Graham, Warren Buffet's mentor said that, the stock market is a "voting machine" in the short run, driven by emotion and popularity but it acts as a "weighing machine" reflecting the real value. If you look at crypto, this is even more true with one asset outpeforming the rest of the market long term
- LTC's ₿ high was .04792 in late 2013. If it kept up with BTC, the price would be $5,367

- ETH ₿ high was .0.15 in June 2017. If it kept up with BTC, the price would be $16,800

- XRP ₿ high was .00022465 in May 2017. If it kept up with BTC , the price would be $25.16

- ADA ₿ high was 0.00007382 on January 2018. If it kept up with BTC, the price would be $8.27

- ALGO ₿ high was 0.00031342 on June 2019. If it kept up with BTC, the price would be $35.10

- HBAR ₿ high was 0.00001122 on September 2019. If it kept up with BTC, the price would be $1.25

- LINK ₿ high was 0.001582 on August 2020. If it kept up with BTC, the price would be $177

- DOGE ₿ high was 0.00001120 on May 2021. If it kept up with BTC, the price would be $1.25

- BNB ₿ high was 0.018 on November 2022. If it kept up with BTC, the price would be $2,092

- SOL ₿ high was .00408 on November 2021. If it kept up with BTC, the price would be $456
Alts might outperform BTC over short time horizons while with pumps and dumps or when they rise from small/tiny marketcaps. But after reaching larger marketcaps and different levels of saturation, the Alts returns become negative, stagnant or at best start to massively underperform BTC. You can see even BTC returns are slowly down and the the more muted BTC returns are, the less liquidity there is going to Alts for them to appreciate.
**Annualized Returns of Crypto Assets after reaching X Marketcap** *(Broad-based U.S Stock Index returns ~10% average)*
| Asset | 1 Trillion Mktcap. | CAGR |
|:-----------|------------:|:------------:|
| BTC | 02/19/2021| 16.69%
| **Asset** | **1/2 Trillion Mktcap.** | **CAGR** |
| BTC | 12/28/2020| 36.03%
| ETH | 10/28/2021| 0.54%
| **Asset** | **$100 Billion Mktcap.** | **CAGR** |
| BTC | 10/30/2017| 45.21%
| XRP | 01/03/2018| -1.15%
| ETH | 01/06/2018| 20.70%
| BNB | 11/05/2021 | 9.51%
| SOL | 11/11/2024 | -8.01%
| **Asset** | **$10 Billion Mktcap.** | **CAGR** |
| BTC | 11/26/2013 | 50.49%
| XRP | 05/15/2017 | 33.22%
| ETH | 05/19/2017 | 53.75%
| LTC | 12/11/2017 | -8.12%
| ADA | 12/16/2017 | 10.04%
| XLM | 01/02/2018 | -5.66%
| DOT | 01/14/2021 | -25.38%
| LINK | 02/03/2021 | -1.90%
| BNB | 02/05/2021 | 75.79%
| DOGE | 02/07/2021 | 27.78%
| VET | 04/14/2021 | -35.05%
| SOL | 04/22/2021 | 48.94%
| ALGO | 09/08/2021 | -41.82%
| AVAX | 09/29/2021 | -22.18%
| CRO | 11/14/2021 | -12.67%
| MATIC | 02/26/2024 | -60.31%

There is this really convoluted and complicated method to finding the coins that perform well in the current cycle, it's called: picking coins that people actually use.
eg. ETH, BNB, SOL, HYPE, ENA, PUMP, AAVE, LINK

https://imgur.com/a/DC4TqtH
Where's the BNB gang at?

This has infrastructure, rewards, return on investment and actual use, and recent efforts announcements. It isn't a meme coin and the rapid builds bust cycles have stopped. It went to what, .37, and change, and now has slowly fallen back to .25.
This has become much more of a long-term investment than a get rich quick scheme. I will give it a couple more years and see what keeps building, and think eventually, as it becomes more and more popular, volume of trades will approach BNB.
Maybe I'm wrong, but we will see.

BNB is moving. It set a new ATH on August 22 of over $900. It's still close to that level now.

I’m an ETH Maxi, and no - I don’t think it’s a bad idea. Around 85% of my portfolio is in ETH, not 100%. I also hold some BNB, which many in this sub may not like, but it’s performed really well over the past few years. Just look at the chart - it hit a new ATH above $900 recently and is still hovering around that level. That’s helped reduce my stress while ETH plays catch-up.
The majority of my ETH will stay staked, but I’m open to diversifying into BTC and SOL if the right opportunity comes along. I’ve also got some “house money” Doge, and I’m optimistic it will eventually set a new ATH and push toward $1.

Over 7 months in and stronger than ever, where else can the mascot of the BNB chain, named by the BNB chain themselves go but billions, do your own research. Most active (in fact always active) telegram chat, most active crypto twitter community. 🫡🫡🫡🫡

I see the same pattern. My timeline- last week of September Captain BNB will probably print hard.

CaptainBNB on BNB chain, biggest emerging cult, undeniable presence on X. Mascot of the BNB chain created by BNB themselves, bulletproof narrative.

Captain BNB supercycle coming soon 🫡

You funny guy. ETH doesn’t charge for empty wallet, SOL doesn’t either. Even BNB or scammy ADA don’t charge for empty wallets so XRP shouldn’t need to do that.

BNB?

BNB IS 878$ ????
Is that Binance???

**Ethereum holders**: one of crypto’s biggest-ever airdrops is quietly happening and you might be involved without knowing it.
It’s the Midnight airdrop: \*37 million wallets\* are invited to claim free NIGHT tokens to celebrate the launch of Midnight, a new privacy-focused blockchain by Cardano creator Charles Hoskinson. NIGHT is the blockchain’s utility token. DYOR in r/Midnight.

**Eligibility**
Holding $100+ worth of ETH (and others) in a non-custodial wallet on June 11th 2025 makes you eligible for the airdrop. No other activity needed.

**Schedule**
The main claim phase – Glacier Drop – runs until October 4th 2025: check your accounts’ airdrop eligibility and claim NIGHT before then. Claiming does not involve a transaction.

**How to check/claim**
The fastest way to check your airdrop eligibility and claim NIGHT tokens is to use NuFi’s non-custodial wallet.
1. Create a wallet at [nu.fi](http://nu.fi) and restore your accounts (support for mnemonic and also hardware wallets).
2. Click Airdrop. You’ll see which accounts are eligible and how much NIGHT you can claim.
3. Click Claim and complete the claiming process in NuFi’s interface.

**Important**
NIGHT is a Cardano token so you need a Cardano account to receive it. If you don’t have one, you can create a Cardano (ADA) account in NuFi’s interface before claiming, then use this as the destination for your NIGHT.

**Good to know**
You can use NuFi to check and claim for all 8 of the airdrop’s eligible assets: ETH, BTC, ADA, SOL, XRP, AVAX, BNB, and BAT.
To restore your accounts from other wallets into NuFi, pair a hardware wallet device (Ledger, Trezor, Keystone, OneKey, BitBox02 and GridPlus supported) or restore accounts using a seed/recovery phrase.
[The check and claim process takes just seconds per account in NuFi wallet's interface.](https://reddit.com/link/1nbsv0k/video/tjjzv88ryynf1/player)

**Get help**
How-to guide [here](https://support.nu.fi/en/support/solutions/articles/80001181779). Get help on Discord [here](https://discord.com/invite/jSyVPAXw3w).

**About NIGHT**
NIGHT is Midnight Network’s utility token, with a supply of 24 billion tokens. Its utility includes:
*Resource generation*: holding NIGHT will generate DUST, the token used to pay for transactions and smart contract execution on Midnight Network.
*Decentralized governance*: NIGHT will enable holders to take part in on-chain governance to shape the protocol’s future. Read more about NIGHT [here](https://www.midnight.gd/#tokenomics).

I’m really frustrated with Binance US right now. I deposited **BNB** into my account over a week ago, and the funds are still on hold. I’ve already reached out to support, but I keep getting generic responses with no clear timeline or explanation for why my deposit isn’t available.
I’ve double-checked the transaction hash on the blockchain, and it shows as completed/confirmed, so the issue isn’t on my end. Yet my funds are still locked up and I can’t access or trade them.
To make things worse, Binance US doesn’t let me open another ticket to follow up, and they haven’t answered my current ticket in days. It feels like I’m completely stuck with no way to get actual help.
This delay is unacceptable, especially given the volatility of the market and the fact that users rely on timely access to their deposits. Binance US should be more transparent and responsive when holding customer funds. **Ticket ID**
\#33198472

The burn + Morph partnership reminds me of early BNB/OKB moves. BGB shifting into gas + governance token is big no longer JUST an exchange coin. Easy to see why whales are loading up.

BGB + Morph = The Next BNB/OKB Moonshot?

In crypto, partnerships often end up defining how projects grow. We’ve seen it before Binance making bold moves with BNB utility, or Polygon teaming up with traditional companies to expand adoption. These weren’t just flashy headlines, they had lasting impacts on both ecosystems and their tokens.

Now, a recent one that caught my eye is the Bitget x Morph partnership. Bitget transferred around $440M worth of team-held BGB tokens to the Morph Foundation and immediately burned 220M BGB upfront (equal to 7 quarters of burns in advance).

That’s pretty huge for a couple of reasons:

For Bitget: locking in long-term commitment while tightening BGB’s supply.

For Morph: gaining backing from a major exchange adds credibility and resources.

For holders: fewer tokens in circulation + stronger ties to infrastructure projects = healthier tokenomics.

With such a large upfront burn and ongoing supply cuts, it’s not crazy to think BGB could be setting itself up for a new ATH sooner rather than later. The fundamentals look stronger, and the partnership gives it more narrative fuel.

You should try with BNB chain and if looking for reliabe exchange go for CoinEx