Today I am posting an article to sort out all the information about the $1000SATS project. I hope that during the sorting process, all investors will have a clear understanding of this project and stop "mindless" propaganda. Users who have not yet boarded the train can reconsider the future value of this project and whether they can afford the risks if they invest now. Today I will start with [1. Background investigation 2. Market reaction 3. Performance of giant whales] Three aspects will be sorted out. Without further ado, let's "follow" to start.
SATS (Ordinals) is a token created on the Bitcoin network based on the Ordinals protocol, which is a protocol that allows each smallest unit of Bitcoin (Satoshi or SATS for short) to be marked, numbered and attached with metadata. The core goal of this protocol is to bring additional functionality to the Bitcoin network, especially to give each Satoshi (the smallest unit of Bitcoin) a unique identifier, which allows Bitcoin to be used not only as a digital currency, but also as a medium for carrying data and information.
1. Background Check
When talking about the development of SATS, we cannot avoid the BRC-20 protocol. In January 2023, developer Casey Rodarmor proposed the Ordinals protocol, which allows each minimum unit (Satoshi or SAT) on the Bitcoin network to be marked and attached with metadata. Through this protocol, Bitcoin can carry richer information, not just digital currency transactions.
In March 2023, developers began rolling out the BRC-20 token standard based on the Ordinals protocol, allowing developers to issue and transfer tokens on the Bitcoin network.
In April and May 2023, the BRC-20 token craze reached its peak. A large number of BRC-20 tokens were issued, and the market demand for them surged, especially among the Bitcoin community and NFT enthusiasts, many of whom hoped to tokenize and apply the native assets of the Bitcoin network.
It was under such a background that $1000SATS was forged on BRC-20. At that time, the cost of minting was 0.4/piece. Under the popularity of the concept of BRC-20, this token, which had not been forged for a long time, reached 100% of its forging progress in just one month. The number of coins held, the number of transactions and the number of circulation ranked second. The first was: ordi. As the popularity of inscriptions increased, the gas fee on the Bitcoin chain rose sharply. Some people found that the inscriptions they bought were cheaper than the gas fee after buying them. Many people got on the train at this time.
2. Market Response
The current total market value of 1000SATS is: 1.925 billion, issue price: 0.0002432u, historical highest price: 0.00009287u, historical lowest price: 0.0000070528u; many people bought this token from November to December 2023, and this period is the highest point.
If you bought in November 2023 and still hold it in April 2024, your assets of 1,000 sats will shrink by one third. If you did not sell the 1,000 sats you bought in the whole year of 2024 and kept adding to your position until now, your assets will be reduced to only one third.
$1000SATS This token is the only one that has a price drop in 2024 when the market is generally rising. An important reason why many people buy this token is that it is connected to Bitcoin and is inseparable from the BRC-20 ecosystem. In fact, the BRC-20 market can continue without this token, and many people think that sats is all of BRC-20.
In the past 2024, Bitcoin broke through the historical high, and sats remained sideways at that time. Today, the market generally fell. Sorry, sats led the decline by 15 points. In 2024, the decline of sats for the whole year is: 85% (the decline below the neutralization of the increase)
3. Performance of Giant Whales
It is rumored that the project party of sats is: Chinese, and the Chinese in the currency circle are very good at cutting leeks. From 2023 to early 2025, the lowest point of sats is October 2023, and the highest point is December 2023. This is when BRC-20 is hot. It can be said that at this time, as long as you buy BRC-20 tokens, you will make money, and the whales at this time will hoard a large number of tokens before October.
In 2024, the top ten sats whale addresses only keep throwing chips out, and at this time, the returns for these whales are more than 20 times. So, if the whales of a project do not participate in the construction of the project and sell directly, isn’t it a smash? I smash it first, just uprooting the leeks, what does life and death have to do with me? Such operations are not only thought-provoking, but such whales are really early wise investment gods? Or is this the other identity of the project party...
The address ranked first has been selling sats recently, selling 26,000,000,000,000 sats in 24 hours.
In conclusion: The winter of sats will shatter retail investors who fantasize about spring. No smart people will buy into such a "eat people without spitting out bones" project. They don't care about the life and death of leeks. Every 1% increase is to maintain the illusion of getting rich quickly, but after waking up from the dream, a sharp sickle will harvest the blood and sweat of every gambler...#1000sats #BRC20
