The Ordinals (ORDI) token experienced more than 50% price increase within the past day following its listing on the Binance under the “seed” label on November 7th.
ORDI – which is tied to Bitcoin Ordinals – surged from $7.5 to $11.6 on the day as the crypto exchange announced opening trading for new spot trading pairs – ORDI/BTC, ORDI/USDT, ORDI/TRY. Withdrawals for ORDI, on the other hand, will open on November 8th.
ORDI Frenzy
In the latest blog post, Binance said that it will add ORDI as a new borrowable asset with the new margin pair, ORDI/USDT, on the Isolated Margin.
The listing of ORDI follows Binance Pool’s introduction in August of the Ordinals Inscription Service, which simplifies the process of adding extra information to the Bitcoin blockchain for users. The Ordinals protocol, facilitating the generation of BRC-20 tokens and NFTs on the Bitcoin network, began gaining tremendous popularity earlier this year.
Binance, however, issued a caution in its listing anno
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