The market value of Bitcoin’s Epic Satoshi Rune EPICEPICEPICEPIC has exceeded $83 million! Inscription Blob rose over 16%

The rune craze continues to have an impact on the Bitcoin ecosystem. Yesterday (5th), the well-known inscription NFT "Blob" hit a new high. According to OKX market data, its floor price rose by more than 16% in the past 24 hours, reaching 0.0751 BTC at one time. It was reported at 0.0739 BTC at the time of writing, with a value of more than 4,700 US dollars.

The Blob team etches the epic Satoshi rune "EPIC•EPIC•EPIC•EPIC"

Blob has experienced a huge increase because of its team @bookofblob yesterday (5th) at 3:24 pm points, the rune EPIC•EPIC•EPIC•EPIC ($EPIC) is etched on the latest "Epic Satoshi (the first Satoshi after Bitcoin halving)", and is decorated with the first neurally generated 3D audio and video scene. feature.

According to data from GeniiData, $EPIC was 95% pre-mined by the team. According to the culture of the rune ecology, this means that the rune token may be airdropped to Blob holders to encourage Blob buying.

The remaining 5% of the supply was completely minted before 7:41 yesterday, which once caused the Bitcoin network’s handling fees to soar to a level of US$16 to US$26 per byte. By the time of writing, it had been A sharp pullback to $1.25 to $1.34.

$EPIC’s market value breaks through 83 million US dollars, and its total trading volume exceeds 1 million

According to OKX market data, the floor price of $EPIC is now quoted at US$0.082 (128.95sats), and its market value exceeds 83 million US dollars in one fell swoop The dollar became the fifth largest rune. In addition, $EPIC is second only to DOG•GO•TO•THE•MOON in trading volume, reaching $148,000, making it the second most traded rune. In the Magic Eden market, $EPIC is also the second largest rune by transaction volume. Since its launch, the transaction volume has exceeded 14.59 BTC (approximately US$933,558), showing the market's extremely high enthusiasm for it.

How to judge the rarity of Satoshi

It was previously reported that Epic Satoshi (EpicSat), which was halved for the fourth time, was numbered "Sat1,968,750,000,000,000" on Ordinal on the 25th. Sold for 33.3 BTC ($2,134,000).

This is one of the only 4 epic satoshis in the current Bitcoin ecosystem. Such rarity levels as rare satoshi and epic satoshi are defined by the Ordinals protocol, and they were mined in the first three halvings. The miners behind the first block may have only been able to show off verbally before, but the advent of the Ordinals protocol last year allowed satoshis to be identified and traded like NFTs.

As for the rarity of Satoshi, according to the Ordinals official document, it is essentially an artificially defined rarity system based on the rarity of some regular events in Bitcoin itself.

These regular events include:

• Block: A new block will be mined approximately every 10 minutes, always at this value.

• Difficulty Adjustment: Every 2016 blocks, or every two weeks, the Bitcoin network adjusts the difficulty target based on changes in hash rate.

• Halving: Every 210,000 blocks, that is, every four years, the reward mined per block is halved.

• Cycle: Every six halvings, something magical happens: the halving and difficulty adjustment happen at the same time. This is called an "overlap" and the period of time between overlaps is called a "cycle". "Overlap" occurs approximately every 24 years. The first overlap should occur around 2032.

This brings us to the following rarity levels:

• Common: Anything other than the first Satoshi of the block Satoshi (total supply is 2,100 trillion)

• Uncommon: the first satoshi of each block (total supply is 6,929,999)

• Rare: The first satoshi of each difficulty adjustment period (total supply is 3437)

• Epic: After each halving First Satoshi (total supply is 32)

• Legendary: First Satoshi each cycle (total supply is 5)

• Mythic: The first satoshi in the genesis block (total supply is 1)

According to the rarity level, ViaBTC’s auction price By the time Bitcoin is mined out in 2140, there will only be 32 Epic Satoshis, and 4 have been mined so far (four halvings). The first legendary Satoshi will not appear until 2032. As for whether the mythical Satoshi still remains in Satoshi Nakamoto’s wallet, we don’t know.

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