- BRC-20 token Ordinal (ORDI) faces volatility after Bitcoin developer Luke Dashjr criticizes Ordinals, labeling it as “spam” exploiting a Bitcoin Core vulnerability.
- Dashjr suggests Ordinals may cease to exist once the vulnerability is fixed, causing a 15% decline in ORDI’s price to $51.72.
- Some whales actively accumulated ORDI, but others strategically sold, with one whale securing profits exceeding $2.3 million.
In the last two days, the price of the BRC-20 token Ordinal (ORDI) has experienced significant fluctuations following a Bitcoin Core developer’s claims that Ordinals is an attack on Bitcoin. Lookonchain, a prominent crypto analysis platform, delves into the market dynamics surrounding ORDI and explores whether whales are selling or accumulating the token.
Is It the End for Bitcoin Ordinals?
In an X post, Luke Dashjr, Bitcoin developer and co-founder of the Ocean mining pool, criticized inscriptions like Ordinals and BRC-20 tokens on the Bitcoin blockchain, labeling them as “spam.” He argued that these inscriptions exploit a vulnerability in Bitcoin Core.
When asked if Ordinals and BRC-20 tokens would cease to exist once the vulnerability was …
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