The nickname for Bitcoin is sats, and a counterfeit with an inscription has named itself sats to deceive and mislead.

Sats, as a meme coin of the BTC concept, is hailed as the people's BTC. As far as I know, there has been a massive influx of funds into sats in the entire cryptocurrency market, but the current market cap is still less than 500 million. From the hints of purchasing sats, I personally believe this is also a common operational strategy for exchanges. The price of sats is so low, and it is more likely a result of exchanges overselling. If retail investors hand over their chips later, the exchange can raise the price; if they do not hand over their chips, it will be put into the observation zone. Taking Zen as an example, similar tactics are employed; if chips are still not handed over, it may face delisting. If sats undergo a withdrawal movement, the exchange will immediately control withdrawals, which can be referenced with OKEx's restriction on TON withdrawals. The future development of the cryptocurrency market must have more reliable decentralized exchanges that can eliminate junk coins.