SATS is a BRC20 meme token that has no specific value or application, but has community consensus and is launched fairly in the early stages. It only costs gas to mint, which is about a few dollars.
Today Binance announced that it will list SATS. The price of SATS rose in response, with an increase of more than 150%. The entire brc20 market became active again, with ORDI increasing by more than 18% to $57.
SATS was deployed on the chain in March and was fully minted in September. The total amount of SATS is as high as 2,100 trillion. The minimum number of SATS can be minted at one time is 100 million. There are currently 44,959 currency-holding addresses on the chain.
Among the top 10 accounts holding currency addresses, a total of 14.12% of the tokens are held, with a total of 296 trillion sats;
Among them, the top 1 account holds 169 trillion SATS, which is worth approximately US$82 million based on the current price of 0.00000049.
Early brc20 players minted a large number of meme tokens, but I don’t know which one has a tenfold or a hundredfold chance. Many people have spent thousands of dollars in gas fees and still haven't encountered a tenfold or a hundredfold opportunity.
After ordi was listed on Binance and out of the circle, more people began to pay attention to BRC20, but the market has different views on BRC20.
Some people think that the worthless brc20 brings congestion to the Bitcoin network and increases transaction costs; some people think that it is a new way of playing the Bitcoin ecosystem, which will stimulate more research and development of the Bitcoin ecosystem and promote the development of the Bitcoin network.
Some of these debates are from a technical perspective, while others are from stakeholders, but market development cannot be influenced.
After the news that SATS was listed on Binance, many stories of getting rich were circulated in the community. For example, a wallet holds a large number of sats, and the current displayed value is 740 million yuan.
Although there are rumors, this is not real data, it is just the price of pending orders, not real transactions, and there are very few people who can get it in the early stage, it is just spreading demand.
Regardless of whether the information is true or false, the listing of SATs on the exchange will undoubtedly bring huge benefits to early players. Latecomers want to participate in the excitement but are worried about taking over, and those who do not participate are afraid of missing out on the opportunity. They are in a dilemma.
SATS是币安上线的第二个brc20，而且最近币安上线web3钱包，对比特币生态发展进一步推动。
ORDI has been rising since its launch, reaching a high of $69.8. Subsequently, discussions began about whether Bitcoin Inscription was a bug and whether it should be repaired or banned. ORDI plummeted, fluctuating at $47 in the past two days.
The market has different views on Bitcoin Inscription. Some believe that brc20 is deployed uncontrollably, generating a large amount of on-chain garbage and causing network congestion;
In addition, early brc20 players were concentrated in the Chinese community. Brc20 has stronger Chinese attributes and is distrusted and disliked by overseas communities.
But there is no doubt that the early minters and Bitcoin miners made huge profits, which greatly increased the activity and transaction volume of the Bitcoin network.
For many users who minted BRC20 in the early stage, listing on the exchange means a staged victory, as well as more liquidity and lower participation thresholds.
Whether the launch of SATS this time will lead to a sharp rise or a sharp fall, and whether it will leave the FOMO circle again, remains to be seen by market experience.
All BRC20 are just meme tokens, which have a spread effect and community consensus, but have no specific value and application scenarios, and also involve greater risks.
In particular, early users hold a large number of chips, which are likely to be sold in large quantities at high prices. Once there is no consensus and the popularity drops, it is likely to be nothing.
The crypto market is risky, so be cautious when trading.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the encryption market and web3.
