RATS (Ordinals) Meme Coin Explained: What It Is, How It Works, and Risks
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Current RATS Market Data
RATS price: $0.00002732 per token
24-hour volume: $18.7M
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Ever wondered why a meme token is hanging out on Bitcoin’s blockchain? RATS crypto is the quirky experiment that brings meme culture to the world’s most secure ledger, and it’s causing a stir even though each token is worth a fraction of a cent.
What is RATS (Ordinals)?
RATS (Ordinals) is a meme cryptocurrency token built on the Bitcoin Ordinal Protocol. Launched in 2023 by anonymous developers in the Ordinals community, RATS aims to prove that meme tokens don’t need Ethereum‑style smart contracts to exist. Instead of an ERC‑20 contract, every RATS token lives as an inscription on an individual satoshi - the smallest Bitcoin unit.
How the Bitcoin Ordinal Protocol Makes It Possible
Bitcoin Ordinal Protocol is a system that allows arbitrary data to be attached to single satoshis. Developed by Casey Rodarmor and activated in February2023, the protocol turned Bitcoin from a pure settlement layer into a platform for NFTs, digital art, and now meme tokens. When a developer inscribes data, the satoshi becomes a unique digital artifact that can be tracked, transferred, and displayed in compatible wallets.
Tokenomics and Market Data
RATS trades at roughly $0.00002732 (USD) as of 17Oct2025, with a 24‑hour volume of about $18.7million. Paradoxically, CoinMarketCap lists the token with a zero market cap because the reported circulating supply is inconsistent - some sources say none, others estimate billions of tokens in existence. This opaque supply metric is a red flag for anyone evaluating the token’s fundamentals.
Price movement has been volatile: a 2.93% rise in the last 24hours, an 8.86% boost over a week, and a 28.85% gain in the past month. Technical analysis on TradingView tags RATS with a “buy” rating based on oscillators and moving averages, but those signals ignore the deeper issue of missing utility and unclear token distribution.
How to Buy and Store RATS
Purchasing RATS isn’t as simple as buying a Bitcoin or an Ethereum token. You need an exchange that supports Ordinal assets. The most common choices are Binance, Bybit, and Nexus Trade. The typical six‑step flow looks like this:
- Create an account on one of the listed exchanges.
- Complete KYC verification (photo ID, proof of address).
- Deposit fiat or crypto (USDT, BTC, etc.).
- Search for the RATS market pair (e.g., RATS/USDT).
- Place a market or limit order.
- Hold RATS on the exchange or transfer to an Ordinal‑compatible wallet.
Withdrawals are tricky because most exchanges can only send RATS back to the same platform. If you want to move tokens off‑exchange, you need a wallet that understands Ordinals, such as Xverse or Leather. Both wallets display inscribed satoshis and let you receive RATS directly to a Bitcoin address.
Risks, Criticisms, and Regulatory Gray Areas
The biggest concern is the lack of any official documentation. RATS has no whitepaper, no named team, and no roadmap. Community‑maintained guides on GitHub are the only source of technical detail, and they’re often incomplete.
Regulators haven’t ruled on whether Ordinal‑based tokens count as securities. After Gary Gensler’s October2024 remarks, the SEC’s stance remains ambiguous, meaning that future legal actions could impact liquidity or even force delistings.
Other practical risks include:
- High Bitcoin transaction fees (often $20-$30 per transfer).
- Slow confirmation times compared to Ethereum or Solana.
- Potential wash‑trading, suggested by the disparity between zero market cap and multi‑million‑dollar daily volume.
- Zero utility beyond speculative trading - there’s no staking, governance, or native dApp.
RATS vs. Other Meme Tokens
Below is a quick snapshot of how RATS stacks up against classic meme coins.
| Metric | RATS (Ordinals) | Dogecoin (DOGE) | Shiba Inu (SHIB) | Bonk (BONK) |
|---|---|---|---|---|
| Launch Year | 2023 | 2013 | 2020 | 2023 |
| Base Layer | Bitcoin Ordinals | Dogecoin blockchain | Ethereum | Solana |
| Typical Transaction Fee | $20‑$30 (BTC) | ~$0.01 | ~$0.02 | ~$0.001 |
| Current Price (USD) | $0.000027 | $0.074 | $0.000012 | $0.0001 |
| Market Cap (approx.) | ~$0 (reported) | $10B | $7B | $300M |
| Utility | Speculative only | Payments, tipping | DeFi, NFTs | Gaming, NFTs |
RATS’ unique selling point is Bitcoin’s security, but that comes at the cost of speed and cost‑efficiency. For traders who love the novelty of Bitcoin‑native memes, RATS is appealing; for anyone seeking real utility, the other tokens are far ahead.
Future Outlook and Price Predictions
Analysts are divided. Changelly’s September2025 model forecasts a modest climb to $0.000032 by year‑end 2025 and up to $0.00015 by 2029, assuming the Ordinals ecosystem keeps expanding. Conversely, WalletInvestor and Bitget warn of a possible dip below $0.000025 if hype wanes. The common denominator in every forecast is “high risk.” If the Ordinals protocol matures and more Bitcoin‑native NFTs attract mainstream users, RATS could ride that wave. If the community loses interest, the token may fade into obscurity.
Key Takeaways
- RATS is a meme token that lives on the Bitcoin blockchain via the Ordinal inscription system.
- Its price is tiny, but daily trading volume is surprisingly high compared to its reported market cap.
- Buying requires an exchange that supports Ordinals and an Ordinal‑compatible wallet like Xverse or Leather.
- Major risks include zero transparency, possible wash‑trading, high fees, and regulatory uncertainty.
- Compared to DOGE, SHIB, and BONK, RATS offers Bitcoin security but lacks utility and suffers from higher transaction costs.
Frequently Asked Questions
What does the “Ordinals” part mean in RATS?
Ordinals is the protocol that lets developers embed data onto individual satoshis. RATS tokens are simply pieces of data inscribed on those satoshis, making them Bitcoin‑native assets.
Can I store RATS in a regular Bitcoin wallet?
No. Regular wallets ignore the extra data. You need an Ordinal‑compatible wallet (e.g., Xverse or Leather) that can display and manage inscribed satoshis.
Why does CoinMarketCap list RATS with a $0 market cap?
The platform can’t verify a reliable circulating supply. Some data providers even report a circulating supply of zero, leading to a calculated market cap of $0 despite active trading.
Is RATS considered a security?
The SEC has not issued a definitive ruling. Regulatory guidance treats most meme tokens as commodities, but the unique Ordinal structure leaves a gray area. Investors should assume the risk.
What are the biggest fees I’ll face when moving RATS?
Because each transfer requires a Bitcoin transaction, fees follow Bitcoin’s network rates - often $20‑$30 per move, regardless of token amount.
1 Comments
Devi Jaga
October 17 2025If you look at the tokenomics section, the opaque supply figures make RATS look like a classic wash‑trade circus. The protocol‑level on‑chain data is practically invisible, so every reported $0 market cap is a red flag. Add the $20‑$30 BTC fee per transfer and you’ve got a recipe for a liquidity nightmare. In short, it’s a meme‑token masquerading as a Bitcoin‑native experiment, but the fundamentals are as thin as a satoshi’s inscription.