runesprotocol
/runesprotocol384
A channel to discuss everything about the Runes Protocol: tech, tokens, projects.
Bringing you some numbers.
During the Runes are dead era (until early September), Runes had roughly ~800K-1M in daily volume (on-chain). It took only an increase of 3-5x in daily volume to send some of the leaders 5-10x in market cap during this last month.
Some perspective: the numbers on Ordinals volume were almost exactly the same on almost exactly the same dates of 2023. During the last months of 2023 and the first Q of 2024, the volume increased to sustained 20M-40M daily volumes.
The effect of those volumes on Runes will lead to several Runes achieving 1B and going beyond.
During the Runes are dead era (until early September), Runes had roughly ~800K-1M in daily volume (on-chain). It took only an increase of 3-5x in daily volume to send some of the leaders 5-10x in market cap during this last month.
Some perspective: the numbers on Ordinals volume were almost exactly the same on almost exactly the same dates of 2023. During the last months of 2023 and the first Q of 2024, the volume increased to sustained 20M-40M daily volumes.
The effect of those volumes on Runes will lead to several Runes achieving 1B and going beyond.
We’ve created a Club on FriendTech to discuss Runes also. This is a 300 member strong group on Farcaster.
https://friend.tech/clubs/104289
https://friend.tech/clubs/104289
This is a memecoin supercycle.
A memecoin supercycle where, for the first time, Bitcoin has its own memecoins.
Send them to Valhalla. Send them to Pupshalla.
Fulfill the $13B O.P.I.U.M prophecy and let the magic internet money flow.
A memecoin supercycle where, for the first time, Bitcoin has its own memecoins.
Send them to Valhalla. Send them to Pupshalla.
Fulfill the $13B O.P.I.U.M prophecy and let the magic internet money flow.
RSICs just achieved the first tier 1 CEX listing for a Rune: @okxofficial.
They didn’t talk endlessly about getting one. They just got one. Every single time the RSICs team has spoken with actions and execution. Every single time.
Higher for RSICs. Higher for Runes.
The first of many.
They didn’t talk endlessly about getting one. They just got one. Every single time the RSICs team has spoken with actions and execution. Every single time.
Higher for RSICs. Higher for Runes.
The first of many.
The #2 trending token on Solana is the bridged BRC-20 token of the best memecoin on Bitcoin.
$PUPS will continue to show the way by having tokens hosted on the mother chain and traded in multiple venues.
The migration to the Runes protocol is next.
$PUPS will continue to show the way by having tokens hosted on the mother chain and traded in multiple venues.
The migration to the Runes protocol is next.
The grind-up of RSIC Runes has been nothing short of impressive. The volume has remained constant, with not a single announcement from the team, just an astounding market desire to acquire RSIC Runes.
The team executed a perfect airdrop at a cost of $400K, and not a single inscription or rune has been sold by the team
The team executed a perfect airdrop at a cost of $400K, and not a single inscription or rune has been sold by the team
There’s the Runes meta, which will help push everything launched beneath it. But then there are this cycle’s narratives, which will get pushed further by being under the Runes umbrella.
Study this cycle’s narratives and the Runes being launched using them.
Study this cycle’s narratives and the Runes being launched using them.
Exposure to $PUPS (Runes) can be acquired through two assets:
$PUPS (BRC-20), which will receive 77% of the supply.
Rune Pups (Inscriptions), which will receive 23% of the supply. 🧵
$PUPS (BRC-20), which will receive 77% of the supply.
Rune Pups (Inscriptions), which will receive 23% of the supply. 🧵
The degen mind loves round numbers and low unit prices.
Aiming for $1 for a 1B supply token seems easier to the degen mind than aiming for $100 for a 10M supply token.
Somehow, the positive unit bias momentum that will come post-halving, once Runes start being traded, is not being fully considered. 🧵
Aiming for $1 for a 1B supply token seems easier to the degen mind than aiming for $100 for a 10M supply token.
Somehow, the positive unit bias momentum that will come post-halving, once Runes start being traded, is not being fully considered. 🧵
If you’re not hearing the liquidity coming to fungible tokens on Bitcoin, you should be concerned. It sounds like 100 Roman legions marching towards you.
We’re on the verge of seeing multiple multi-billion dollar market cap tokens on Bitcoin.
We’re on the verge of seeing multiple multi-billion dollar market cap tokens on Bitcoin.
The basket continues to be fairly easy: RSICs, $PUPS and $ZBIT.
My $OXBT trade is low risk and high reward. Current prices are negligible. Market cap is barely at 2M.
But $OXBT is not just any BRC-20. It was one of the most hyped BRC-20s in 2023.
Every single person who minted $OXBT is an Ordinals OG. There’s a very valuable community of holders to be leveraged and reignited.
But $OXBT is not just any BRC-20. It was one of the most hyped BRC-20s in 2023.
Every single person who minted $OXBT is an Ordinals OG. There’s a very valuable community of holders to be leveraged and reignited.
If the governance token of a bridge reached a 16B FDV on its launch date, anything, and I mean ANYTHING can happen to our Runes.
Position yourself for Runes.
There’s a high chance of landing some of the most significant 100x opportunities in Q2 and Q3. It may seem like there are many projects, but in reality, there aren’t. You have approximately 15-20 pre-Runes projects (both pre-Runes inscriptions and BRC-20s set to migrate). 🧵
There’s a high chance of landing some of the most significant 100x opportunities in Q2 and Q3. It may seem like there are many projects, but in reality, there aren’t. You have approximately 15-20 pre-Runes projects (both pre-Runes inscriptions and BRC-20s set to migrate). 🧵
Rune Totems (TGOB) are back. The account published some data:
The Tgob mining period is at 51.22%
3,474 Rune Totems activated and 1,929 sacrificed.
This is one of those projects that I like. Maybe because they use this little dude:
☻/
/▌
/\
The Tgob mining period is at 51.22%
3,474 Rune Totems activated and 1,929 sacrificed.
This is one of those projects that I like. Maybe because they use this little dude:
☻/
/▌
/\
Cultural references on the @bitdogs_btc art are on point. I like them.
10K PFP collection that will mine BitDog Runes and will give $OXBT holders mint passes (1 mint pass per 5,000 $OXBT held).
10K PFP collection that will mine BitDog Runes and will give $OXBT holders mint passes (1 mint pass per 5,000 $OXBT held).
Almost $200M in volume for Ansem’s cat, $HOBBES memecoin, during the last 24 hours.
The cumulative volume of the top 4 pre-Runes projects by market cap (Runestone, RSICs, $PUPS, $ZBIT) during the last 24 hours: $2M.
They’re actually letting us get away with this.
The cumulative volume of the top 4 pre-Runes projects by market cap (Runestone, RSICs, $PUPS, $ZBIT) during the last 24 hours: $2M.
They’re actually letting us get away with this.
$OXBT launching a PFP collection to mine some Runes. A great r/r play. One of the most hyped BRC-20s on 2023, with a major retrace and a comeback story.
good morning.
Bullish on $PUPS:
The total Rune token supply is set at 1 billion. This will help with unit bias.
$PUPS BRC-20 will have a burn/claim process, for 77% of the supply.
Rune Pups will have a direct claim for the remaining 23%.
The claiming process will be available as soon as the Runes Protocol goes live.
The total Rune token supply is set at 1 billion. This will help with unit bias.
$PUPS BRC-20 will have a burn/claim process, for 77% of the supply.
Rune Pups will have a direct claim for the remaining 23%.
The claiming process will be available as soon as the Runes Protocol goes live.
BRC-20s moving to Runes are going to be the norm in a few months. For now, one of the first to already announce it and also one of the most powerful culture tokens Runes will have: $PUPS.
good morning.
AINN Rune Star is live and trading. Largest airdrop in Bitcoin. Interesting to see where it goes.