Binance listing triggers a tremendous surge in Satoshi price
The cryptocurrency known as Satoshi experienced a remarkable surge in price following the announcement by leading crypto exchange Binance that it would be listing the token. Data from Lookonchain, a prominent on-chain analytics platform, reveals that the top 20 holders of Satoshi now possess 333.3 trillion tokens, valued at $150.8 million. This accounts for 15.9% of the total supply. Notably, six of these top holders acquired their SATS tokens through minting, accumulating approximately 78.57 million SATS with a current value of $35.5 million.
As of now, the price of SATS stands at $0.0000004896, indicating an astonishing daily increase of 138.03%. This significant price movement occurred shortly after Binance’s official announcement that it would be listing BRC-20 SATS, which represents a value 1,000 times greater than regular SATS tokens.
Trading of the BRC-20 SATS token will commence on December 12th at noon UTC, with initial trading pairs including 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY. Users are already able to deposit 1000SATS tokens in preparation for trading, and withdrawals will be available a day later.
Binance has set the listing fee for 1000SATS at zero BNB. Additionally, the token will be introduced as a borrowable asset on Binance’s isolated margin platform, with the new margin pair being 1000SATS/USDT.
It is important to note that while 1000SATS represents 1,000 SATS tokens, users will still be able to deposit and trade regular SATS tokens, which will automatically be treated as the equivalent amount of 1000SATS. SATS itself pays homage to Satoshi, the enigmatic creator of Bitcoin. As the smallest denomination, one satoshi is equal to 0.00000001 BTC.
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