WhiteBIT burns 131,188 WBT in October across four buybacks
- —October 25 burn: 31,847 WBT for 2,499,639 USDT, the month's smallest
- —October total reached 131,188 WBT across four buybacks
- —Average buyback price dropped from $83.77 to $78.49 per token
- —WBT at $76.99: down 4.7% on the week and 8.1% over 30 days
Why it matters: The buyback is the only price-support mechanism for WBT, but 131,000 tokens is roughly 0.11% of circulating supply, limiting its market impact.
Source: CryptoTicker