WhiteBIT destroyed 32,426 WBT at 13:48 UTC on 1 October 2026, worth 2,716,488 USDT. This is not a one-off event but the exchange’s regular weekly buyback, through which it puts part of its revenue into permanently shrinking the supply of its own token. According to CoinGecko the price stands at $84.22 as of 05:46 on Saturday, which is 4.2 percent below the all-time high of $87.91 set on 21 September.
For you as a holder or a prospective buyer, three things matter here: how much was actually burned, what that means in relation to the circulating supply, and through which route you can legally buy and hold the token in Germany at all. In that order.
What happened in the WBT burn on 1 October
By its own account, WhiteBIT carries out what it calls a burn every week. The exchange buys back its own tokens on the market and sends them to an address they cannot leave again. The amount follows from the previous week’s revenue: 33 percent of trading fees and 5 percent of further income, for example from withdrawal fees and margin trading, flow into the buyback.
For 1 October the exchange names 32,426 tokens and a value of 2,716,488 USDT on its Read Entire Article
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