Gate News Bot Message, December 17th, according to CoinMarketCap data, as of press time, ORDI (ORDI) is currently trading at $4.53, up 9.44% in the past 24 hours, with a high of $4.85 and a low of $3.89. The 24-hour trading volume reached $60.06 million. The current market capitalization is approximately $95.2 million, an increase of $8.21 million from yesterday.
Important recent news about ORDI:
1️⃣ Magic Eden launches permanent buyback mechanism to strengthen token value support
The multi-chain trading platform Magic Eden has launched an Ordinals buyback plan, where 15% of each transaction fee will systematically be used to purchase Ordinals and include them in a permanent collection series. The automated execution feature of this mechanism means ongoing market demand support, with a fixed proportion of platform fees used for buybacks, establishing a long-term, stable buying foundation for ORDI. Such buyback plans typically enhance market expectations of the token’s long-term value.
This news is not investment advice. Investors should be aware of market volatility risks.
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