WhiteBIT Coin Price Slips as 32,000 Tokens Are Burned in Weekly Buyback
WhiteBIT Coin (WBT) underwent its regular weekly buyback on October 1st, destroying 32,426 tokens worth $2.7 million in USDT.
The price of WBT stands at $84.22 as of Saturday, 4.2 percent below the all-time high of $87.91 set on September 21st.
WhiteBIT's buyback model is tied to ongoing revenue, with 33% of trading fees and 5% of other income going towards buying back tokens from the market.