Deep Dive
1. Token Burns & Scarcity (Bullish Impact)
Overview:
WBT’s fixed supply of 400M is reduced weekly via burns: 33% of WhiteBIT’s trading fees and 5% of other income are used to buy back and destroy tokens. Recent burns removed ~300K WBT weekly (equivalent to ~$12.8M monthly at current prices). This deflationary mechanism has reduced circulating supply by 18.7% since 2022.
What this means:
Scarcity from burns could counterbalance selling pressure, especially if exchange volumes rebound from their current $606M/day (down 20% weekly). Historically, burns correlated with WBT’s 299% annual gain despite broader market declines.
2. Exchange Adoption & Product Launches (Mixed Impact)
Overview:
WhiteBIT’s user base grew to 4M+ in 2025, with WBT integrated into perks like fee discounts (up to 100%), crypto-backed Visa card cashback, and exclusive Launchpad access. However, competition from Binance’s BNB and Bybit’s BIT looms, with both offering similar exchange-linked benefits.
What this means:
New products like WhiteBIT Nova (1M+ transactions in 2025) could increase WBT’s utility, but exchange token dominance is fragile – BNB’s 58.5% market cap dominance vs. WBT’s 0.09% leaves room for volatility.
3. Regulatory & Liquidity Risks (Bearish Impact)
Overview:
Starting December 2024, WhiteBIT banned USDT deposits/withdrawals for EEA users, pushing them toward USDC/EURI. This follows MiCA regulations favoring “regulated stablecoins.” EEA accounts for ~60% of WhiteBIT’s user base.
What this means:
A sudden shift from USDT (48% of crypto trades globally) to less-liquid alternatives might reduce trading volumes, indirectly affecting burn rates and WBT demand. Turnover (volume/market cap) is already low at 1.6%, signaling thin liquidity.
Conclusion
WBT’s price hinges on WhiteBIT’s ability to sustain burns amid regulatory headwinds and convert exchange growth into token utility. While deflation and Visa card adoption provide a floor, competition and MiCA-driven liquidity changes pose risks.
Can WBT’s burn rate offset potential volume declines from stablecoin restrictions?