On October 25, 2026, WhiteBIT executed its fourth token buyback of the month, burning 31,847 WBT tokens valued at approximately 2.5 million USDT. These tokens were sent to an irretrievable address, permanently reducing the circulating supply. The buyback is funded by a fixed formula allocating 33% of trading fees and 5% of other revenue, linking the token burn directly to the exchange's business performance. While the token price dropped about 8% in October, the buyback amount remained relatively stable, indicating steady exchange activity. This gradual token burn supports the token's value by limiting supply but is not a short-term price driver. Investors should monitor the USDT amount spent on buybacks rather than just token counts, and be aware of varying circulating supply figures across platforms which affect market capitalization calculations.
WhiteBIT's October token burn totaled 131,188 WBT tokens. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 26, 2026 19:21 WIB: out of 50 major cryptocurrencies, 26 rose and 23 fell today. Notable movers include BAT at Rp2.625 with 84% sell order activity, UNI at Rp126.917 with 89% buy order activity, and CAKE at Rp38.321 with 94% sell order activity.
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