ORDI Retreats 10% After 300% Monthly Gain, Sees Significant Trading Activity With Turkish Lira
The BRC20 token known as ORDI experienced a significant drop in value this week, losing more than 10% against the US dollar. This comes after a period of substantial gains over the past three weeks. Despite the recent downturn, ORDI has seen an impressive 300% increase in value over the last month and is now only slightly below its all-time high.
ORDI’s Recent Performance
In early November, ORDI saw a surge in value after Binance announced that it would list the coin. However, over the past seven days, ORDI has dropped by 10%, with a 2.2% decrease in the last 24 hours.
Currently, ORDI’s market valuation is around $446 million, making it the 115th-ranked crypto asset out of more than 10,000 listed on various exchanges. The token has recorded $99 million in global trades over the past day. Interestingly, there is a significant amount of trading activity between ORDI and the Turkish lira compared to its USDT pairs.
Closing In on All-Time High
Although ORDI has experienced a decline of 2.2% and more than 10% in the past week, it is getting closer to reaching its previous all-time high price from seven months ago. Back in May 2023, ORDI was trading at $28.52 per coin, while currently it is being exchanged at $21.04 per unit. Over the last month, ORDI has seen a remarkable 319% increase against the US dollar.
Top Wallet Holders
The top ten wallets holding ORDI tokens indicate that the crypto exchange Okx is one of the largest holders. The exchange has a significant amount of ORDI tokens in various addresses, including “bc1q8,” “bc1qg,” “bc1qz,” “bc1qn,” and “bc1qq.” The largest holder is the wallet address “bc1qh,” which currently holds 2,231,755 ORDI. The owner of this address remains unknown.
Hot Take: ORDI’s Roller Coaster Ride
The BRC20 token ORDI has experienced a roller coaster ride in terms of its price performance. After a remarkable 300% increase in value over the past month, it has faced a recent downturn, losing more than 10% this week. Despite this setback, ORDI is inching closer to surpassing its previous all-time high price. It remains to be seen whether the token will continue its upward trajectory or face further fluctuations in the future.
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