Elite crypto traders are showing renewed confidence in centralized exchange tokens, with one whale accumulating $289,250 worth of Bitget Token (BGB) over the past 24 hours. The strategic positioning comes as the exchange token maintains its position as the top holding among smart money portfolios, valued at over $152 million.

The accumulation represents a significant vote of confidence in BGB, which already commands a 9.29% share of total smart money holdings despite trading at a relatively modest $1.89 billion market cap. The timing suggests sophisticated traders are positioning ahead of potential exchange developments or broader market recovery.

What makes this accumulation particularly notable is its concentration - a single trader executed the entire $289K purchase, indicating high conviction rather than distributed buying. BGB holders now represent 5 distinct smart money addresses, creating a tight-knit group of elite supporters for the exchange ecosystem token.