Author: Climber, Golden Finance
The Bitcoin ecosystem has been booming recently, with good news like Binance launching ORDI, Bitget launching SATS, and UniSat Wallet launching BRC-20 Swap. While many people are still questioning whether this new narrative driven by speculation and lacking technological innovation is just a capital speculation, another inscription asset class has quietly emerged: Rats.
In this ongoing inscription carnival, the Zoo series shines the most, and Rats is the most prominent among them, which beat the previously leading Bear to top the OKX Ordinals market transaction volume. And its token RATS has been listed on LBank and Gate.io, and Bitget has also announced that it will list the coin.
Sats have surged in popularity, and Rats are now catching up. As ORDI, the leader in the inscription track, continues to hit new highs, how far can the little Rats run?
Rapidly "breeding" Rats
Rats is a type of BRC20 series inscription asset, created in March this year, with a single minting limit of 1 million. Currently, its token RATS has been launched on LBank, Gate.io and some small exchanges, and Bitget is about to be launched. In terms of sector classification, it belongs to the concept of animal meme coins.
As of writing, on the OKX Ordinals market, the total transaction volume of Rats has firmly ranked in the top three of the BRC-20 transaction volume list, about 475 BTC. The total number of transactions is currently 1.04 million, with 7,456 holders, ranking sixth.
According to the price trend of Rats, it has soared rapidly since the beginning of November, with the average price rising from about 0.001 sats/rats to 0.127 sats/rats, an increase of about 1270%.
Its token RATS has been rising since it was launched on LBank on November 14, from about 0.0000158 USD to 0.00009 USD, an increase of about 469.6%. When Bitget launches the token, another wave of investors will surely enter the market.
Currently, the number of Rats community members on Telegram is 6,384, and the number of real-time online active members is about 800, accounting for more than 12%. In addition, there are also many well-known KOLs promoting Rats on the X platform.
Behind the frenzy: multiple forces under the inscription narrative
In this round of hot BRC-20 inscriptions, the "Zoo" series named after animals are the most popular, such as Bear, cats, cows, honk, etc., but in the end, only Rats can be listed on the exchange again after Sats. Previously, Bear was ahead of Rats in terms of inscription transaction volume and popularity, so why did Rats catch up?
As an inscription belonging to the Meme concept, it does not have much innovation itself, but the continued popularity of Rats is inseparable from the cohesion of community members at the consensus level. At the same time, some project parties and KOLs continue to output and spread to create influence for Rats. The most important point is that there has been news that there is the power of the bookmaker behind Rats.
As mentioned above, the number of Rats community members on Telegram is 6,384. The total number of people is not too large compared to other projects, but the proportion of real-time online active people exceeds 12%, which shows that the community has a large number of real people.
Looking at the Bear community, we can compare the two communities at the same time. From the figure, we can see that the Bear Chinese group has more than 10,000 members, but only 151 are online; the total number of Bear official groups is 7,300, but only 7 are online. It can be seen that Rats is far more popular than Bear in terms of community popularity.
Looking at the community pinned announcements, Rats pinned 8 messages, almost all of which advised members not to transfer RATS coins to exchanges to avoid a market crash. The Bear community has 44 pinned messages, but most of them are promotions for the continued expansion of the Bear community branch.
Rats’ current active community is inseparable from the strong promotion of some project parties and KOLs.
Rats was placed at the front of the official BRC20 Chinese community account, and another crypto project SoulLand also posted a message about building a Rats virtual landmark building.
Among the many KOLs who strongly promote Rats, Hongshen@hongshen.eth is the most active. He began to post articles to promote Rats as early as November 12, and has updated multiple similar remarks every day since then.
As for the rumors about the hidden dealer behind Rats, an article revealed this inside information as early as November 7.
However, while the popularity of Rats has gradually ignited the FOMO emotions of community members, some people are still optimistic, while others have expressed a calm view on this.
But for now, Rats bulls still have the upper hand. Even as RATS tokens are listed on major exchanges, the bullish voices about Rats on X are gradually becoming popular.
summary
There is no doubt that the Bitcoin inscription ecosystem is setting off a new wave of wealth creation. Although many people are still not optimistic, it is undeniable that a large amount of liquidity, attention, and discussion have been brought about by the inscription market.
However, the crypto market has always been swift and ruthless. Investors who buy Rats at this time, which has already risen sharply, will undoubtedly face the risk of being slashed. Moreover, compared with SAT, which is the smallest measurable unit of Bitcoin, RAT is obviously easier to replace. Therefore, investors still need to be cautious when facing hot projects.
