Summary
TLDR: Ordinal inscriptions on Bitcoin are experiencing a trading frenzy, with sales volume increasing by 25.43% and a NodeMonke ordinal selling for over $1 million. However, Pandora tokens have seen a drop in popularity. Binance sparked outcry with a perfume marketing stunt aimed at bridging the gender gap in crypto, which was criticized by women in the space. President Biden-themed token saw a 1,400% increase in value after US elections.
Key Points
1. Ordinals have entered a trading frenzy following Bitcoin’s all-time high this week, with sales volume increasing by 25.43% to almost $173 million.
2. Pandora, the team behind the ERC-404 token standard, has seen a dramatic decline in popularity, with sales volume dropping by 44% and token price decreasing by 7.6%.
3. Binance sparked outcry by launching a new fragrance line named CRYPTO in an attempt to address the gender gap in crypto, with many women in the space criticizing the marketing stunt as “the dumbest thing I’ve ever seen.”