During the crypto market crash in October, I specifically monitored BB's performance. While Bitcoin fell 15%, BB only retreated 8.3%, quickly rebounding to its pre-crash price. Curious, I looked up its supply and demand data: staking demand accounted for 41% of the total circulating supply, cross-chain settlement accounted for 23%, governance voting accounted for 18%, and true speculative demand accounted for only 18%. This structure of "primary demand, supplemented by speculation" is no wonder it's resilient.
In terms of token economics, I've studied BB's deflationary mechanism: 60% of transaction fees, 30% of cross-chain settlement fees, and 30% of RWA strategy returns are used to buy back BB and destroy it. As of October, 120 million BB tokens had been destroyed, representing 5.7% of the total supply. I've also noticed that the more active the ecosystem, the faster the destruction rate. DEX trading volume increased 40% in September, with 2 million more destroyed that month than in August. Another detail that really stood out to me: 42.89 million tokens were unlocked in September. I initially worried about a potential market crash, but a week after the unlock, BB only fell 3.1% and quickly rebounded. Later, I looked up the lockup rules and learned that the tokens for the team and early investors would be released linearly over four years, with each unlock requiring a community vote. This "slow release + community oversight" mechanism completely dispelled my concerns about a "concentrated sell-off."
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$BB