Get unique experiences and entry to key insights on airdrops, NFTs, and extra! Subscribe now to Alpha Stories and up your sport!
Go to Alpha Stories
DOG•GO•TO•THE•MOON (aka DOG), a Bitcoin meme coin etched by way of the brand new Runes protocol, was airdropped to holders of the Runestone Ordinals undertaking on Wednesday, instantly vaulting the newly created coin to the title of essentially the most broadly held Runes token up to now.
Holders of DOG surpassed 74,000 on Wednesday, in line with knowledge from minting and etching platform Luminex. It’s by far the Runes token with essentially the most holders for the reason that launch of the Runes protocol final week. Subsequent on the listing is RSIC•GENESIS•RUNE, with practically 22,000 holders.
On Wednesday, pseudonymous DOG•GO•TO•THE•MOON c0-creator Leonidas tweeted that 100 billion whole dog-themed Runes had been airdropped to eligible wallets. Wallets that maintain Runestone Ordinal inscriptions—which themselves had been dropped to 112,383 wallets in March—acquired the brand new Runes tokens.
The highest 5 wallets with DOG maintain practically 10% of the entire provide, with the most important holding 6.7 billion tokens, round 6.65% of the tokens that had been etched. On the secondary market, DOG•GO•TO•THE•MOON has a flooring value of 5.28 sats, the bottom denomination of a Bitcoin, or round $0.003 value of BTC.
Test your wallets!
100,000,000,000 $DOG has been efficiently airdropped to Runestone holders.
Shoutout to giga-chad volunteer group member @gm7t2 for flawlessly executing it.
However don’t let the tiny quantity idiot you; on Runes market Magic Eden, the puppy-powered Rune already has a one-day quantity of 53.1 BTC, or round $3.4 million. Whole buying and selling quantity since Wednesday’s launch is estimated at $10 million. Based on Magic Eden, the present market capitalization for DOG is roughly $336 million.
Different Runes collections will massive holder counts embrace RSIC•GENESIS•RUNE with 21,938, Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z with 21,382, SATOSHI•NAKAMOTO with 19,655, and BITCOIN•PEPE•MATRIX with 16,601.
The curious-looking names are attributable to a minimal size requirement encoded within the Runes protocol meant to forestall identify squatting. The size requirement will steadily shorten over time as extra Bitcoin community blocks are processed.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.
Keep on prime of crypto information, get each day updates in your inbox.
bourbiza mohamed
