Ordinals Token Surges 50% After Binance Listing, Caution Urged on Volatile Crypto
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Prices of the ORDI token tied to the Bitcoin Ordinals protocol surged 50% after being listed on Binance exchange.
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Binance labelled ORDI a high-risk, volatile token and advised traders to exercise caution.
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ORDI trading volumes jumped to nearly $100 million over 24 hours.
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The Ordinals protocol allows embedding data into Bitcoin by referencing digital art in small transactions.
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Over 38 million inscriptions have been issued on Ordinals since April, generating over $77 million in fees.