Brc-20 is now available on Binance and has become an important driver of price increases. Recently, after Sats was listed on Binance, it experienced a surge in value, with strong buying activity on the chain being a major factor. This increase also led to significant profits for the whales who held the most Sats, with $36 million worth of Sats being sold.
(Background:
One-year anniversary of Ordinals’ birth! Review of the legendary journey of Bitcoin NFTs
)
Analysis of Sats’ Holdings Ranking
Analysis of Addresses Depositing Sats into Binance
Who is the biggest winner of Sats’ listing on Binance?
Since the listing of the BRC-20 token, Sats, on Binance, it has experienced a significant surge in value. On December 12th, Binance launched spot trading for Sats (1000SATS), and shortly after listing, it surged over 120%.
Observing the on-chain data, it is clear that the buying activity for Sats is strong, with 19.17% of Sats chips entering Binance. However, based on past experience, when a large amount of tokens flows into an exchange, it is likely that the holders want to sell and create downward pressure. In the case of Sats, despite the influx of a large number of tokens into the exchange, the price has not fallen but instead risen, indicating a significant buying force.
Below is an analysis of the top 10 Sats holders:
Binance
Gate.io
Personal holdings, all obtained through minting, no actions taken yet
Personal holdings, mostly obtained through minting, purchased a batch in September
Personal holdings, purchased at the end of August
Personal holdings, all obtained through minting
Personal holdings, purchased in mid-August
Personal holdings, all obtained through minting, no actions taken yet
Personal holdings, purchased in August
This wallet is marked as a Binance wallet, but currently has fewer transactions, so its authenticity cannot be confirmed
From the holdings distribution, it can be seen that 19.17% of the tokens have entered Binance. However, Sats has experienced a surge despite this. The current spot trading volume has exceeded $400 million, indicating a significant amount of buying power.
Looking at the chip distribution, if we compare Sats with Ordi, another BRC-20 token listed on Binance, we can see that Sats has more widespread holdings. Currently, Sats accounts for about 25% of the on-exchange supply, while Ordi accounts for over 60%. Furthermore, based on the on-chain holdings addresses, Sats has 45,893 addresses, while Ordi only has 13,146 addresses. From the on-exchange holdings ratio to the holdings addresses, it can be inferred that the chips of Sats may be more dispersed.
Although Sats has more widespread holdings compared to Ordi, its uniqueness can be found in the analysis of the holdings ranking. Among the top 10 holdings addresses, 7 wallets are from personal addresses, and these holdings are either obtained through minting or purchasing. The whales who own a large amount of Sats have significantly different profits compared to Ordi. If someone obtained their Ordi through minting, their profits have already multiplied by thousands, while the profits of Sats currently range from 40 to 100 times.
The top 10 addresses among those depositing into Binance are as follows. The address with the largest deposit (13xj…Poug) deposited 65 trillion Sats into Binance, with a current value of $36 million. The second-largest deposit amounted to 17 trillion Sats, also surpassing tens of millions of dollars in value. From the third to tenth place, the value of their deposits has also exceeded tens of millions of dollars.
The biggest winner of Sats is the address (13xj…Poug), which had 65 trillion Sats and transferred all of them to Binance after its listing, making a profit of approximately $36 million.
This whale not only profited from Sats but also previously owned nearly 1 million Ordi, which was sold when the price was around $10-12, with a value exceeding tens of millions of dollars. This whale has created significant profits in the BRC-20 token market.
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bitcoin
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