Rune Protocol (Runes) Officially Launches on the Bitcoin Network, Runestone Project
Developer Leonidas announced on Twitter that he will airdrop DOG tokens to Runestone holders within a few days, but the floor price of Runestone plummeted by nearly 60% as a result.
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Runestone holders to receive airdrop
Runestone floor price drops by 60%
The Rune Protocol was officially launched on 4/20, and Leonidas stated that he will airdrop the third token, DOG (DOG•GO•TO•THE•MOON), to Runestone holders. The operation is expected to be completed within a few days, and holders do not need to manually claim as the snapshot was taken one hour ago (block height 840,269).
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Recommended reading:
Franklin Rune Report: Rune Issuance to Become the Standard for Bitcoin Ecosystem Tokens
Reason for recommendation: This article provides a brief introduction to the origin and opportunities of the Rune Protocol, highlighting the importance of Runes as a standard token in the ecosystem and its potential as a catalyst for Bitcoin token asset issuance.
Leonidas had previously announced that three meme coins would be airdropped to Runestone holders, with DOG being the first. Another airdrop is expected to be launched within this year, and the last one will be released when the project becomes a top meme.
RuneStone Airdrop Plan
(Source)
(Developer announces three airdrops, Runestone market value hits all-time high, surpassing BAYC)
However, the news of the airdrop had a negative impact on the floor price of Runestone, causing its price to drop from approximately 0.07 BTC to 0.028 BTC, with the current price at around 0.0329 BTC ($2,162), a decrease of about 60%.
Runestone Price Variation
(Source)
(This article is not investment advice)
BTC
DOG
RUNE
Runestone
Rune
Meme coins
Further reading:
CoinEx Security Team: Unveiling THORChain (RUNE) Security Risks
Revealing Messari’s Seven Analysts’ Bullish Projects: Bitcoin, Ethereum, and YFI Rank Top Three