What is RATS?
RATS is a BRC-20 standard meme token based on the Bitcoin blockchain. It was officially launched on March 11, 2023, after being inscribed on the Bitcoin network via the Ordinals protocol.Inspired by “rats”—the fastest-reproducing mammals on Earth—the RATS token’s name and theme embody the typical characteristics of a meme coin.
Introduction to the BRC-20 Standard
BRC-20 is an experimental token standard that allows users to create and transfer non-fungible tokens on the Bitcoin blockchain. It utilizes the Ordinals protocol on Bitcoin to issue and manage tokens by “engraving” data onto the smallest unit of Bitcoin—the satoshi.Similar to the ERC-20 standard (Ethereum), BRC-20 brings new tokenization possibilities to the Bitcoin network, though its technical implementation and ecosystem are still in the early stages of development.
Characteristics and Value Drivers of the RATS Token
At its core, the RATS token is a meme token, meaning its value and popularity stem primarily from community enthusiasm, social media buzz, and market sentiment—rather than the underlying technological innovations or practical use cases that traditional cryptocurrencies rely on.Like many other meme coins, the RATS token lacks an official white paper, a detailed roadmap, or a dedicated project website. Its success is largely attributable to the active participation and promotion by the “Rats Army” community.
RATS’ popularity has also benefited from the overall buzz surrounding the BRC-20 concept; in particular, the market performance of early BRC-20 tokens such as Ordi and SATS has driven attention toward the entire sector.Although RATS is viewed as a meme token lacking traditional utility, its scarcity on the Bitcoin network and its status as part of the BRC-20 ecosystem have led some investors to regard it as an asset with potential value.
Market Performance and Key Metrics
The total supply of RATS tokens is 1 trillion, and the tokens became fully circulating on November 5, 2023. As of the time of publication on August 28, 2026, RATS’ market capitalization was approximately $43.1 million, with a 24-hour trading volume of approximately $179,930.Historical data shows that RATS garnered attention as the halving date for Bitcoin approached, leading to a rebound in its price. Readers can check RATS’ real-time price and market trends on platforms such as Svmuu.
Where can RATS tokens be traded?
RATS tokens can be traded on multiple centralized cryptocurrency exchanges. Investors typically need to first purchase a stablecoin such as USDT and then use USDT to trade RATS. Here are some platforms that support RATS trading:
- Gate
- Bybit
- KuCoin
- MEXC
- Bitget
- BingX
- LBank
- XT.COM
Please note that BRC-20 tokens are traded differently than tokens on EVM-compatible chains. While some Web3 wallets may support BRC-20 assets, RATS are primarily traded on the centralized exchanges listed above or on specific Ordinals marketplaces.Before making any transactions, be sure to verify the latest information and trading pairs on a trading platform that supports this token.
