Original | Odaily Planet Daily
Author | Asher
With the official launch of the BTC halving rune project, the high heat of rune grabbing has led to a major congestion on the BTC network, with gas fees even reaching thousands of dollars. However, the entire sector did not show a significant beneficial effect or breakout effect, and the heat quickly faded. At this time, is it a rare opportunity in the "golden pit" or a bottomless "trap"? Below is a review and analysis of the 1-9 rune projects with high community discussion since the casting of runes for Bitcoin halving.
Review of the 1-9 rune projects
Rune 1: Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z
Regarding Rune 1, its deployer, Fehu, currently only holds 0.1% of the traffic, with the remaining 99.9% reserved by the project party, and no distribution method has been announced so far.
As it is Rune 1, after in-depth "digging" by community members, it was discovered that the website deployed by Rune 1 (http://runefehu.xyz) and the 8th rune announced to be online on OKX Jumpstar yesterday (http://runecoin.io) are deployed by the same service provider, with the same official domain name information, and registered in the same state and country. Additionally, FEHU, as a Rune letter, is the rarest RSIC miner, with only one, so it is speculated that Rune 1 and Rune 8 are probably deployed by the same project party.
FEHU is the rarest RSIC miner
Regarding secondary trading, OKX data shows that the total trading volume as of today is 14.94 BTC, with the peak trading volume on April 24 reaching 6.45 BTC, and the trading volume yesterday was only 0.33 BTC. The current floor price is 37,990 sats (worth approximately $24.22).
Source: OKX Web3 Market
Rune 2: DECENTRALIZED
Regarding Rune 2, its deployer is the NFT project CyberKongz. The Rune 2 project initially reserved 100% by the team, and on April 26 announced that 91% of the total Rune 2 would be distributed to the Pre-Rune series Prometheans (commonly known as "Prometheus") holding addresses, 4.5% of the runes would be distributed to the Ordinals community, and 4.5% would be for launch contributors, with the snapshot block at 841269. Additionally, the airdrop distribution will be based on each Promethean rather than each wallet.
It is worth mentioning that according to Coingecko data, Prometheans experienced a significant decline after the snapshot, with the floor price dropping from a high of 0.0845 BTC to 0.016 BTC, a drop of over 70% in 24 hours.
Source: Coingecko
At 5 am today, CyberKongz announced on X platform that the airdrop of Rune 2 has been initiated and will be distributed in batches. Currently, OKX data shows that the total trading volume is 7.01 BTC, with the current floor price at 6.7 sats (worth approximately $0.0042), and a market value of approximately $71.88 million.
Source: OKX Web3 Market
Rune 3: DOG•GO•TO•THE•MOON
Regarding Rune 3, its deployer is Leonidas, who is also the developer of Ordinals and the founder of the Runestone project. Leonidas announced on April 21 that "a dog has been born and will soon be airdropped to Runestone holders, with the snapshot block at 840,269. Like Runestone, DOG will be a 100% free airdrop, with no team allocation or presale."
On April 24, Leonidas stated that 100 billion DOG tokens had been airdropped to Runestone holders, with each Runestone NFT receiving 889,806 tokens, with the current airdropped token value approximately $3,400.
Source: Leonidas Tweet
On April 25, Gate.io announced the listing of DOG tokens, and its price surged to $0.0057. According to OKX data, the total trading volume as of today is as high as 250.49 BTC, far exceeding other rune projects, with the current floor price at 6.07 sats (worth approximately $0.0038), and a market value of $386 million.
Source: OKX Web3 Market
Similar to the sharp drop after the Prometheans snapshot, according to Coingecko data, Runestone experienced a significant pullback after the completion of the snapshot for Rune 3, dropping from around 0.075 BTC before the snapshot, with a 7-day decline of over 75%, and has now dropped below 0.02 BTC to 0.018 BTC.
Source: Coingecko
Rune 4: THE•RUNIX•TOKEN
Regarding Rune 4, its deployer is BVMnetwork, with a total supply of 21 billion tokens, and currently 10% of the tokens are in circulation. BVM is a BTC ecosystem L2 project, and has also launched its own Rune DEX product Runechain for the rune ecosystem.
On the evening of April 26, RuneChain announced that the rune staking activity is now live, with a maximum annualized yield of 50% for staking RUNIX, currently at 30% annualized yield. Additionally, the platform supports staking for DOG and RSIC rune projects with annualized yields of 25% and 20% respectively.
According to the current plans of the project party, Rune RUNIX will have certain empowerment in the later stage, including enjoying trading discounts, receiving trading profits, and participating in governance.
Regarding secondary trading, OKX data shows that the total trading volume as of today is 3.84 BTC, with the current floor price at 6 sats (worth approximately $0.0038).
Source: OKX Web3 Market
Rune 5: DOG•DOG•DOG•DOG•DOG
Regarding Rune 5, we do not know the identity of the project deployer, as it is a community-governed project and has not conducted an airdrop. Some community members speculate that the deployer may also be the founder of Runestone, Leonidas, and are looking forward to the next airdrop project DOG•DOG•DOG•DOG•DOG from Runestone. Therefore, it is important to closely monitor market dynamics to obtain information about the deployer, especially for rune holders or users planning to purchase Runestone.
Runes 6 and 7: SATOSHI•NAKAMOTO and MEME•ECONOMICS
Regarding Runes 6 and 7, they are also anonymous rune projects, but unlike Rune 5, these two projects are publicly minted, and 100% of the supply is currently in circulation in the market. Many community members believe that the Bitcoin ecosystem emphasizes "fairness, justice, and transparency," so they are closely monitoring the dynamics of Runes 6 and 7.
Regarding secondary trading, Rune 6 SATOSHI•NAKAMOTO has a total trading volume of 3.32 BTC as of today, with the current floor price at 0.00000006 sats (worth approximately $0.000000000038), with a market value of approximately $800,000.
Source: OKX Web3 Market
Rune 7 MEME•ECONOMICS has a total trading volume of 20.76 BTC as of today, with the current floor price at 450 sats (worth approximately $0.28), with a market value of approximately $6 million.
Source: OKX Web3 Market
Rune 8: RSIC•GENESIS•RUNE
Regarding Rune 8, its deployer is Runecoin, with a total supply of 21 billion tokens, all of which are currently in circulation. Today, OKX officially announced the listing of RUNECOIN (RSIC•GENESIS•RUNE) at 18:00 Beijing time, and deposits have already been opened. Additionally, OKX's new round of Jumpstart mining started at 15:00 on April 29, 2024, where BTC holders can stake BTC for RUNECOIN (RSIC•GENESIS•RUNE) mining. With the listing on OKX, it can be said that apart from Rune 3 DOG, the popularity of Rune 8 is also high in the community.
Source: OKX Tweet
Regarding secondary trading, OKX data shows that the total trading volume as of today is 110.22 BTC, with the current floor price at 24.5 sats (worth approximately $0.015), with a market value of approximately $346 million.
Source: OKX Web3 Market
Rune 9: LOBO•THE•WOLF•PUP
Rune 9: LOBO•THE•WOLF•PUP
Regarding Rune 9, its deployer is Buoyant Capital, which is described in the X platform introduction as being in the top 30 of the Binance leaderboard and in the top 10 of Binance traders. The total supply of the project is 21 billion tokens, all of which are currently in circulation.
On April 23, Buoyant Capital announced on the X platform that Rune 9 will airdrop LOBO to Rune Door and Runestone holders, with the snapshot taking place at block height 840,574. Each Rune Door will receive an airdrop of 367,500 LOBO (currently valued at approximately $404.25), and each Runestone will receive an airdrop of 102,772 LOBO (currently valued at approximately $113.05).
Source: Buoyant Capital Tweet
Additionally, due to the high community interest in Rune 9, on April 28, Gate.io announced the listing of the LOBO token.
Regarding secondary trading, OKX data shows that the total trading volume as of today is 35.72 BTC, with the current floor price at 1.74 sats (valued at approximately $0.0011), with a market value of approximately $22.89 million.
Source: OKX Web3 Market
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