The post Ordinals (ORDI) Price Hit All-Time High; What Next? appeared first on Coinpedia Fintech News

ORDI has experienced significant price changes, largely influenced by statements from Luke Dashjr, a prominent figure in the Bitcoin Core development team. Over the last 48 hours, these fluctuations have drawn attention to the actions of major ORDI holders, igniting discussions about their impact on the market.

Tracking the Whales

In-depth analysis by Lookonchain reveals that the majority of ORDI is held by a small group of whales. Recent data shows that the top 30 ORDI holders possess approximately 16.78 million ORDI, worth close to $950 million, which is about 80% of the currency’s total supply. This concentration has increased from earlier figures, indicating a growing accumulation among these large investors. Notably, the top 50 holders now control about 12.4 million ORDI, valued at $143 million, or almost 59% of the total supply.

Affected by the tweets of Bitcoin Core developer Luke Dashjr, the price of $ORDI has fluctuated greatly in the past 2 days.

Did whales sell or continue to accumulate $ORDI?