The Bitget Token (BGB) has seen a significant increase in value, defying the downtrend in the crypto market. BGB has risen by nearly 30% in the past 24 hours and over 70% in the past week. The token's gains are partially attributed to the announcement that Bitget plans to merge BGB with its other native asset, the Bitget Wallet Token (BWB). While BWB has seen a 4% decrease in the past day, it has risen by nearly 45% in the past week. Bitget's decision to merge both tokens under the BGB label is driven by community demand and aims to create a unified ecosystem. BWB holders on the exchange can swap their tokens to BGB at a ratio determined by the average closing price of the BWB/USDT pair on Bitget. Despite the marketwide decrease, BGB is currently ranked 22nd by market cap.



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