lSATS (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 12:00 p.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 12:00 p.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 Bitcoin (BTC). Representing the smallest unit of Bitcoin, one satoshi equals 0.00000001 BTC.It l to note that SATS is a meme token