BGB recent performance I believe highly attributed to the fact that bitget keep having launchpool on their platform and it specifically requires BGB to be staked, I wouldn't be surprised because main motivation of people holding BGB is to earn, the same as other coin but it's just that with the influx of new users and some of them getting intrigued by launchpools, it's no wonder BGB is rising in price, I mean bitget's marketing strategy is aggressive as well, with so many partnership and shills .

but whether this strategy of giving utility and value to BGB through launchpool gonna lastl long, I don't know, it doesn't have its own blockchain so that's -1 point for utility for BGB.

if market is bearish and the project launches becoming scarce, maybe BGB will lost some of its value.