On October 1, 2026, WhiteBIT executed its regular weekly buyback, burning 32,426 WBT tokens valued at approximately $2.7 million. This burn represents about 0.027% of the circulating supply of 118.8 million tokens and is funded by a portion of the exchange's revenue from trading and withdrawal fees. The token price remains stable near $84, close to its all-time high, reflecting steady demand despite the gradual reduction in supply. WhiteBIT aims to continue these buybacks until at least half of all tokens are destroyed, but investors should note that burns do not guarantee price increases and the token carries counterparty risks tied to the exchange.
WhiteBIT token burn activity provides context for readers. For those tracking crypto markets, 11 of 50 major cryptocurrencies rose and 37 fell on Pluang as of Oct 03, 2026 16:31 WIB. Notable movers include VET at Rp151 (-6.12%, 32% Sell / 68% Buy), SUSHI at Rp4.454 (-5.91%, 0% Sell / 100% Buy), and CAKE at Rp44.242 (-5.87%, 37% Sell / 63% Buy).
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