WhiteBIT Token Burn Continues with 32,426 Tokens Destroyed

WhiteBIT destroyed 32,426 of its WBT tokens on October 1, 2026, worth 2,716,488 USDT. This is part of the exchange's regular weekly buyback program, which puts 33 percent of trading fees and 5 percent of other income into shrinking the supply of its own token.

The price of WBT stands at $84.22, which is 4.2 percent below its all-time high of $87.91 set on September 21. The circulating supply of WBT is 118,819,745 tokens, with a total supply of 293,389,244 tokens and a maximum supply of 400,000,000 tokens.

The burn model works by tying the amount of tokens destroyed to the exchange's revenue. A month with strong trading volume will destroy more tokens than one with weak trading volume, making the burn a kind of temperature chart of the platform.