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On-Chain Insights: BRC-20 Tokens, Memecoins and Binance Concerns
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Key Takeaways
2 min read
  • BRC-20 tokens have been gaining traction in the past week, with tokens such as ORDI being listed on CEXs and price going parabolic.
  • The memecoins narrative continues to grow after PEPE’s listing on notable CEXs. However, there seems to be some rotations into newer coins such as RIBBIT.
  • Binance faces scrutiny as rumors of the exchange’s US operations are at risk alongside significant withdrawals from MMs such as Jump Trading.

BRC-20 Tokens

  • BRC-20 tokens have been gaining traction in the past week, with its market cap increasing by over 5x since then.
    • Track the tokens here.
  • The most notable token - ORDI, has hit over $530m in market cap with its price increasing by over 7x since it was discussed in the war room last week.
    • The token was recently listed by Gate.io and has seen a 50% price pump.
    • MEME is also set to be listed on Gate.io on May 9, 4am UTC.
  • CEX listings would bring about greater liquidity and access to these tokens which could see room for growth. Current tools such as Unisats and...