WhiteBIT Burns 32,426 WBT Worth $2.72M in Weekly Buyback
- —32,426 WBT burned for 2,716,488 USDT at an average price of about $83.78
- —The batch equals roughly 0.027% of the 118,819,745 WBT circulating supply
- —Price at $84.22: down 1.17% in 24 hours, up 0.21% on the week, market cap $10.01B
- —WhiteBIT says it will keep buying back until at least half of all tokens are destroyed
Why it matters: Recurring buybacks shrink WBT supply, but a single weekly batch is small — the effect builds over months.
Source: CryptoTicker