The BRC-20 token ORDI surged above $10 on April 25, a price level not seen in months, as renewed speculation surrounding the NAT ecosystem revived momentum for Bitcoin-native meme tokens.
"The trigger appears to be building speculation around the NAT ecosystem and related DMT-NAT developments, which function on Bitcoin," said a researcher from CryptoQuant in a note. "This has reignited the 'Bitcoin meme trade' narrative that drove significant volume earlier this year."
Data from CoinGecko shows ORDI's price increased over 15% in the 24 hours to 16:00 UTC on April 25, reaching an intraday high of $10.87. The move was accompanied by a 45% increase in trading volume to $250 million, primarily on the Binance and OKX exchanges. This price action breaks a multi-month downtrend for the first BRC-20 token ever created on the Bitcoin network.
The rally in ORDI could signal a broader capital rotation back into Bitcoin-native assets, including other BRC-20 and Runes protocol tokens. Renewed interest in this sector may lead to increased volatility and trading activity for related assets as investors look for the next catalyst in the Bitcoin ecosystem, distinct from price movements in Ethereum-based tokens. The next key resistance for ORDI is seen at the $12.50 level, a previous support that failed in February.
This article is for informational purposes only and does not constitute investment advice.
