Ordi on-chain analysis: It’s the right time for big investors to buy. The three biggest believers lost up to $160 million, but still hold on firmly
1 In the past month, Binance Exchange has seen a net outflow of 350,000 ordi and the outflow is continuing.
2 The largest individual holder of Ordi holds nearly 1 million coins. The cost is between 3 and 5 dollars. It has not been moved since the end of the accumulation in September 2023. The highest value has dropped by 70 million US dollars, but it has not been moved. He is the most staunch believer of Ordi.
3 The other two early large holders, holding 650,000 and 612,000 coins respectively, have not moved since December last year. The peak value has fallen by 90 million US dollars
4 It was also discovered on the chain that two new large investors began to accumulate funds in May this year, and each of them has bought 110,000 ordi.
5 At least 60% of ordi is in exchanges, of which Binance accounts for more than 42%, followed by OK Exchange.
The following is a detailed address analysis:
According to the unisat browser data, the number of Ordi holders is 23,391, and the number of holdings ranked first is 10,000.
Holding address 1 : Binance’s cold wallet: holds 41.9% of ordi, 8.798 million
Position address 2 : OK Exchange, holding 1.675 million
The time when this wallet was transferred to ordi was the same as the launch of ordi by ok. Since March 24, ordi held 1.67 million coins, so there has been basically no change in the past six months.
Position address 3 : The first major holder, holding 989,000 tokens
It may be a super large account. There is an address bc1q207c4ptqc68cva286ufre66xg25af70hgh6ksn, where 10,000 to 90,000 yuan are transferred in each time. The transfer time is between May and September 2023. The ordi of address 6ksn is transferred from more than a dozen different addresses. The ordi sources of these more than a dozen addresses are different, some are from exchange transfers, and some are from other wallets on the chain. Judging from the behavior, it is not an exchange. It is more like an institution or a super large account.
Position address 4 : A large position holder, holding 650,000.
The big investor purchased from multiple addresses, mainly in May and early June, and made the final replenishment on July 14, with a total cost of $6-8. On December 21, 60,000 were transferred to Binance, which should be the principal according to the value. The remaining 650,000 ordi have not been moved.
Holding address 5 : A large individual holder, owning 612,000 tokens.
From May 20 to 22, 23, 644,000 ordi were purchased, costing about $10. A batch was shipped on December 21, 23.
Position address 6 : bybit exchange
Position address 7: Merlin Chain
Position address 8: OKX Exchange
Position address 9: gate exchange
Position address 10: an exchange
Position address 11: Kucoin Exchange
The 12th largest holding is Binance’s hot wallet, which holds 168,000 tokens.
bc1qhuv3dhpnm0wktasd3v0kt6e4aqfqsd0uhfdu7d
Position ranking 13: A certain large investor, transferred in on May 13, 24
Holdings ranking 14: A certain large investor, starting from May 27, 2024, absorbed stocks from Binance and Bybit exchanges
Position ranking 15~20, holdings are 100,000 ordi, mint users, there is no transfer record after minting.
