In a rapid turn of events, the Bitcoin Ordinals token $SATS has experienced a significant surge in value shortly after being listed on the renowned cryptocurrency exchange Binance.
The recent bullish momentum is not isolated to $SATS alone, as Ordinals Brc-20 tokens have been witnessing substantial price gains, creating a buzz in the crypto community.
On-chain data analysis conducted by the insightful Lookonchain analyst revealed intriguing details about $SATS. The top 20 holders of $SATS collectively possess a staggering 333.3 trillion $SATS, equivalent to $150.8 million and representing 15.90% of the total supply. Notably, six out of these top 20 holders acquired $SATS through minting, amassing approximately 78.57 million $SATS, equivalent to $35.5 million.
The $SATS price is up ~120% since #Binance announced the listing of BRC-20 Sats,
On-chain data shows that the top 20 holders of $SATS hold 333.3T $SATS($150.8M, 15.90%% of the total supply).
6 of the top 20 holders obtained $SATS through minting, with ~78.57M $SATS($35.5M). pic.twitter.com/ELRYrld6nM
— Lookonchain (@lookonchain) December 12, 2023
The Bitcoin Ordinals market achieved an extraordinary milestone on December 12, with trade volume surpassing an impressive $36 million – a record high. A significant portion of this activity, specifically 85%, occurred on the OKX platform. Additionally, $SATS exhibited a record-breaking on-chain transaction volume, exceeding $21 million.
Affected by the listing of BRC-20 SATS on Binance, the trading volume of the Bitcoin Ordinals market exceeded $36 million on December 12, setting a record high, of which OKX accounted for 85%. The transaction volume of SATS onchain exceeded $21m, setting a record high.…
— Wu Blockchain (@WuBlockchain) December 13, 2023
$SATS, $ORDI, Brc20 Token To Watch
With a remarkable 200% surge in 24-hour trading volume, the price of $SATS reached a new all-time high at $0.00000056. As the crypto landscape embraces these dynamic shifts, attention is drawn to other top Brc20 tokens, including $ORDI and others, as they become key players in the evolving market.
The remarkable performance of $SATS and its counterparts underscores the dynamic nature of the crypto market, creating opportunities for investors and enthusiasts to monitor and potentially capitalize on emerging trends within the Bitcoin Ordinals ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/bitcoin-ordinals-token-sats-skyrockets-over-200-after-binance-exchange-listing/