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Binance acquires a large amount of SATS, with the biggest winner going from ORDI to SATS and earning 260 million RMB.

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According to on-chain data, the funds acquiring SATS are very strong.

Original Title: "Binance Acquires Large Amounts of Sats, Biggest Winner Goes from Ordi to Sats, Profits 260 Million RMB"

Original Author: Ri Yue Xiao Chu

1. From the on-chain data, it can be seen that the funds for acquiring SATS are very strong. Since its launch on Binance less than a day ago, it has already captured 19.17% of the chips, worth about $200 million. However, it is visible to the naked eye that SATS has not experienced a significant decline, and this is despite already having risen by 143%.

2. There was a big player who sold 36 million US dollars yesterday and became the biggest winner. According to on-chain investigations, this big player earned millions of US dollars from ORDI in May and made a huge leap in wealth by heavily investing in SATS in July.

3. The volume of SATS on the exchange is not particularly high, and the chips are still relatively scattered. A large number of early high-profit chips have not been sold, and now 7 of the top 10 addresses holding positions are personal addresses. The largest personal holder has 1.5 trillion SATS, which is now worth $7.2 million. Perhaps their goal is the vast universe.

1. Position Address Analysis

Position Ranking 1: Binance

Position Ranking 2: gate

Position Ranking 3: Personal Position, mint earned, unchanged.

Position Ranking 4: Personal Position, mint earned, and purchased a batch in September.

Position Ranking 5: Personal Position, Purchased at the End of August.

Position Ranking 6: Personal Position, mint earned.

Position Ranking 7: Personal Position, purchased in mid-August.

Position Ranking 8: Personal Position, mint earned, unchanged.

Position Ranking 9: Personal Position, Purchased in August

Position Ranking 10: Marked as Binance wallet, but with relatively low transfer amount, the authenticity is uncertain.

1) From the on-chain data, it can be seen that the funds for acquiring SATS are very strong. Since its launch on Binance less than a day ago, it has already captured 19.17% of the market share, worth approximately $200 million. However, it is visible to the naked eye that SATS has not experienced a significant drop, even after Binance announced its launch and it had already risen by 143%. Within less than 24 hours, the trading volume has already reached $400 million.

2) From the perspective of chip distribution, SATS has a wider range of holders, with about 25% currently held within exchanges. In contrast, ORDIs trading volume on exchanges has already exceeded 60%. In terms of on-chain holding addresses, SATS has 45,893 holding addresses, while ORDIs only has 13,146 holding addresses.

3) SATS also has a very obvious feature, which is that individuals hold relatively large positions. In the top 10 holding addresses, 7 wallets belong to individual addresses, some of which are minted and some are acquired through purchase. However, in terms of profits, it is much worse than ORDI. ORDI was launched on OKEx in May, and the profit from minting was several thousand times higher (if I remember correctly). The cost of SATS varies, ranging from about 40 to 100 times.

2.Binance Deposit Address Statistics

Above is the statistics of the top 10 recharge addresses for entering Binance. It can be seen that the largest address has recharged 65 trillion SATS, worth 36 million US dollars. The second largest address has recharged 17 trillion SATS, also a solid A8. The third to tenth places all have A8 income. The largest on-chain holding that remains unchanged is 15 trillion, which exceeds the quantity of the third place.

3. Maximum Winner Analysis

The biggest player in the SATS industry is this guy, who owns 65 trillion SATS. After Binance went live, he sold all of them for a profit. They were worth $36 million, or about 260 million RMB.

The SATS at this address were transferred on December 12th. At first glance, it appeared to be insider trading, but upon investigation, it was found not to be. The SATS at this address were transferred from 8 different addresses, which were found to be controlled by the same person due to their similar transaction behavior. The transfer of SATS from these 8 addresses occurred around the same time, in a similar manner, and involved similar tokens. Furthermore, the SATS at these 8 addresses were purchased in July, indicating that this was an individual's behavior.

During the investigation, we also found that the large account holder had owned nearly 1 million ORDI and sold them on May 12th through Gate at a price of $10 to $12, worth millions of dollars. The account holder purchased them a few days after April 20th, and it is estimated that they made at least $5 million in profit. Therefore, we roughly estimate that the account holder earned several hundred dollars on ORDI. Later in July, they bought a large amount of SATS and made a profit of over $36 million, achieving a significant increase in wealth.