SATS (Ordinals) Soar by 140% on Binance Listing Buzz, Top 20 Holders Control $150.8 Million.
In a surprising turn of events, SATS
(Ordinals) has experienced an astonishing
surge of around 140% within hours after
the announcement of its listing on crypto
exchange Binance. Lookonchain, a
prominent cryptocurrency analytics
platform, reported that the top 20 holders
of SATS now control a staggering $150.8
million, constituting 15.90% of the total
supply.
The on-chain data further revealed that 6
of the top 20 holders acquired their SATS
through minting, amassing approximately
78.57 million SATS, equivalent to $35.5
million. The current market price of SATS
stands at $0.0000004896, demonstrating
a remarkable 138.03% increase in the last
24 hours.
Binance listing details revealed.
The buzz around SATS intensified after
Binance, one of the world's leading
cryptocurrency exchanges, officially announced the listing of BRC-20 Sats
(1000SATS). The spot trading pairs for
1000SATS will be made available on Dec.
12, 2023, at 12:00p.m. (UTC), with trading
pairs including 1000SATS/USDT,
1000SATS/FDUSD and 1000SATS/TRY.
Users are granted the ability to start depositing 1000SATS in preparation for trading, and withdrawal options will be open on Dec. 13, 2023, at 12:00p.m. (UTC). Interestingly, the listing fee for 1000SATS was set at 0 BNB. Binance also revealed that 1000SATS would be introduced as a new borrowable asset in the Isolated Margin, within 48 hours of Dec. 12, 2023. The new margin pair features 1000SATS/USDT.
A notable point from the announcement was the clarification that 1000SATS is 1,000 times the value of SATS. This means that if a user deposits 1,100 SATS to Binance, the platform will automatically represent it as 1.1 1000SATS. SATS, categorized as a BRC-20 token, pays homage to Satoshi, the elusive creator of B itcoin (BTC). Representing the smallest unit of Bitcoin, one satoshi equals 0.00000001 BTC.
