TLDR No major recent developments found for rats (Ordinals) – here’s the context behind its slump:
1. Price down 35% in 60 days amid thin liquidity
2. Low turnover ratio (0.76) signals weak trading depth
3. No verified circulating supply adds valuation uncertainty
Deep Dive
1. Liquidity & Valuation Pressures
Overview:
RATS trades at $0.0000159 with a 24-hour volume of $12.1M (-17.9% daily). Its self-reported $15.9M market cap uses an unverified 1T token supply, making true valuation hard to assess. The 0.76 turnover ratio (volume/market cap) suggests limited market depth compared to major memecoins like DOGE (ratio ~0.15) or SHIB (~0.08).
What this means:
Low liquidity amplifies volatility risks – the 7.1% 24-hour drop likely reflects low buy-side support. Without supply audits, traders face asymmetric information risks.
2. Broader Ordinals Ecosystem Trends
Overview:
Bitcoin Ordinals trading volume fell 18% weekly to $8.2M as of 14 August 2025 (The Block), mirroring RATS’ 9.93% 7-day decline. The BRC-20 token sector remains niche, accounting for <0.1% of total crypto market cap.
What this means:
RATS’ performance ties closely to Ordinals adoption – stagnant sector growth limits upside potential despite Bitcoin’s 58.6% market dominance.
Conclusion
RATS faces structural headwinds from unverified tokenomics and Ordinals’ slow maturation. While Bitcoin’s dominance offers indirect exposure, the coin’s 82% annual drop highlights high risk/reward dynamics. Will BRC-20 infrastructure upgrades revive interest, or is this a fading niche?