Ordinals Al ❤️ Kraken ❤️ $DOG@Ordinals_Al
🧵 These 3 charts changed how I see solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u forever. If YOU understand its indication, you will want a position as DOG is the most assymetric bet ever!
@binance owns 7% of solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u . They never listed it. They never said a word. And quietly accumulated over more than 2 years. I followed the money onchain and how Binance did the accumulation.
Thread 👇
1/Binance. 150 million users. The most powerful listing committee in crypto with 50% market share and largest liquidity hub. Smart money.
They have NEVER listed or talked about any Bitcoin memecoin. No announcement. No statement. Complete silence.
But on-chain? A completely different story.
2/Binance-associated wallets bought 6,880,000,000 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u according to @Cryptolution analysis.
I analysed the blockchain and exactly these Binance wallets and how Binance accumulated solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u over time.
Binance now holds 6.9% of the entire 100B supply. Roughly spent: $26.6M on this position.
Break-even market cap for Binance: $388M. At current price that's a 5.7x just to break even.
They're not selling anytime soon. Rather: still buying time.
25 months. Quietly. Systematically.
@binance — you own 6.9% of solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u . When are you going to tell your 150 million users?
Would anyone spend $26M on something unimportant?
3/Binance didn't just buy once. They bought in 5 precise waves — look at the charts.
📌 Wave 1 — Jun 2024: solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u hits $980M market cap. First buy: 250M DOG
📌 Wave 2 — Sep 2024: Price drops to $249M market cap. Position grows to 500M DOG.
📌 Wave 3 — Mar 7, 2025: Market cap $195M. Near absolute bottom. Binance sweeps 1,300,000,000 DOG . Now at 1.8B DOG
📌 Wave 4 — May 2025: Price recovers to $550M. Main accounts reach 3,000,000,000 DOG — 3% of supply.
📌 Wave 5 — Jun 28, 2025: 7 NEW accounts opened. 3,900,000,000 more solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u swept.
Final: 6,900,000,000 DOG
This is not custody. This is not coincidence. This is a strategy.
4/This is how great assets are born.
Not with hype. Not with influencers. Not in bull markets.
Great assets are born in bear markets. Accumulated in silence. Matured when the bull arrives.
solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u is in that exact phase right now.
5/The on-chain data makes it even clearer.
📊 MVRV Ratio: 0.23 — UNDERVALUEDThe market cap is $63M. The realized cap (what people actually paid) is $273M.
DOG is trading at 23 cents on the dollar vs what holders paid. Historically MVRV below 0.3 = extreme buy zone.
📊 81.1% of supply held by Long-Term Holders, held longer than 155 days without selling or moving coins.
Average holding age: 522 days. Median: 548 days.
Nobody is selling. Diamond hands at maximum.
📊 77.92% of supply currently in loss
Which means 78% of holders are underwater — and still not selling. That's not weak hands. That's conviction.
6/The institutional dominos are already falling.
Binance — 6.9% held, zero listing
Bitget — 3.4%
Gate — 3.3%
MEXC — 2.2% Merlin / OKX-related — 2.0%
C2 Blockchain (US listed) — 1.0%
18.8% of total supply held by institutions and exchanges. All accumulating.
Kraken listed solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u → +88% in days.
Binance has 150x more users than Kraken. Do the math.
Who's next to sweep, build a position and list? Coinbase? Gemini? HTX? Or Binance themselves?
7/And retail hasn't even woken up yet.
✅ First Bitcoin Rune with 100,000+ holders
✅ 100% fair launch — zero team, zero VC
✅ Built on Bitcoin — the most secure chain in history
✅ Price: -93% from ATH
✅ Market cap: ~$63M vs Dogecoin's $22 Billion
✅ MVRV 0.23 — historically extreme undervaluation ✅ 81% long-term holders — nobody selling
✅ 78% of supply in loss — and still holding
This is the asymmetric opportunity that comes once in a cycle.
8/The math is simple.
Binance quietly bought and started Wave 5 right when they caused solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u price to tank.
5 waves. $26M spent. Kraken already listed. OKX ecosystem holds via Merlin. 81% of supply locked in long-term hands. MVRV at 0.23 — screaming undervalued. Coinbase, OKX, Gemini, HTX still to come.
Retail is still sleeping.
Great assets are born in bear markets. They mature in bull markets. The accumulation is done. The conviction is proven. The bull is coming. The window is closing.
@LeonidasNFT you built something Binance quietly decided to own.
Are you going to wake up before or after others have accumulated solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u?
