In a recent development, Ordinals (ORDI), a BRC20 token, has achieved a significant milestone by exceeding a market cap of $1 billion, firmly establishing itself as the leading Bitcoin BRC20 token in this remarkable ascent. Recently, ORDI’s value surged to $53, marking a remarkable 154% increase within just one week.
The soaring trajectory of ORDI’s value gained substantial momentum, escalating by an impressive 700% after securing a listing on Binance, a prominent cryptocurrency exchange. This strategic listing fortified investor confidence, catalyzing the token’s meteoric rise.
Meanwhile, esteemed crypto analyst Crypto Busy has unveiled a comprehensive analysis of Ordinals’ ORDI parabolic curve. In a recent X post, Crypto Busy delved into the intricate details of the trajectory observed within the ORDI token’s parabolic curve.
#Ordinals $ORDI parabolic curve! pic.twitter.com/rZiJi4Ortt
— CryptoBusy (@CryptoBusy) December 6, 2023
ORDI is trading at $52.13 and has sustained its bullish momentum, experiencing a substantial 4.99% surge in its price in the last 24 hours. ORDI reached an unprecedented peak, exceeding $65 on December 5, showcasing a staggering surge of over 616% from its November 5th value of approximately $6.80.
Lookonchain, the renowned on-chain data analysis firm, has revealed compelling insights into the movement and actions related to the ORDI token, adding a layer of fascination to the ongoing developments in the cryptocurrency market. A recent X post discloses intriguing details suggesting a substantial withdrawal of 65,263 ORDI tokens, valued at approximately $1.3 million, from Binance on November 22.
This guy may have seen Bitcoin Core developer Luke Dashjr’s tweet and dumped all 59K $ORDI($3.54M) before $ORDI dropped, making more than $2.3M.
— Lookonchain (@lookonchain) December 6, 2023
This guy withdrew 65,263 $ORDI($1.3M) from #Binance on Nov 22 when the price was $20.https://t.co/MSDfzTM7Jf pic.twitter.com/TAYYAWdcC3
Significantly, this transaction unfolded precisely when the token held a value of $20, clearly indicating a meticulously planned strategic maneuver. The action was likely driven by a careful assessment of the market trends or an astute comprehension of the cryptocurrency landscape’s nuances and fluctuations.
Additionally, the platform revealed a significant occurrence of liquidating 59,000 ORDI tokens, valued at $3.54 million, which notably took place just ahead of a decrease in ORDI’s value. Allegedly, this substantial sell-off led to profits surpassing $2.3 million. The timing of this transaction, reportedly influenced by a tweet from Bitcoin Core developer Luke Dashjr, hints at a potentially foresighted maneuver within the unpredictable cryptocurrency market.
Such revelations unveiled by Lookinchain add a layer of intrigue and speculation to the actions surrounding the ORDI token, capturing the attention of investors and crypto enthusiasts. The insights presented by this esteemed data analysis firm highlight specific transactions and underscore the intricate dynamics and strategic decisions taken within the ever-fluctuating realm of digital assets.
