DOG broke $0.008 and reached a new high! Rune Circuit’s market value reaches US$1.71 billion

The Bitcoin Runes sector has performed strongly recently, especially when the leading $DOG broke new highs, and was driven by the strong rise of BRC-20 tokens such as $Ordi and $Sats (each rising by more than 16% in a single day) and 11%).

Magic Eden data shows that in the past 24 hours, most of the top ten runes by market value have increased by double digits. The following summarizes the focus runes:

1. DOG•GO•TO• THE•MOON ($DOG):

It is a token airdropped by Runestone, which had previously exceeded 0.09 BTC. Leonidas, the founder of Runestone, has also continued to push and pull. The current market value has exceeded US$800 million. It rose more than 8% in 24 hours and hit a new high of $0.0085 earlier today.

2. RSIC•GENESIS•RUNE ($RSIC):

It is listed on OKX under the code name Runecoin. It is the first rune to be listed on the Tier1 exchange. Its current market value exceeds 261 million US dollars. , up nearly 13% in the past 24 hours.

3. PUPS•WORLD•PEACE:

is a puppet family rune that is very popular in the community. The family’s BRC20 token $PUPS is also issued on the Solana chain, so It is one of the most popular Bitcoin ecological projects among overseas communities. Since May 9, assets within the family can be burned and exchanged for rune tokens. The current market value has exceeded US$150 million, down 3.45% in the past 24 hours.

According to the GeniiData website, the total market value of Rune has reached US$1.71 billion, up 1.58% in the past 24 hours. This is still 33.6% behind BRC-20’s market value of US$2.286 billion. In addition, the market value of Rune Dragon Head $DOG is US$800 million, which is about 26% away from the US$1.01 billion of Inscription Dragon Head $Ordi.

Rune Potential Catalyst

Online mainstream exchange

In addition to benefiting from the rise of leading $DOG and BRC-20 tokens , the rune sector’s continued outstanding performance may also benefit from the expectation of being listed on mainstream exchanges. Leonidas has continuously tweeted to emphasize the potential impact of listing centralized exchanges on the market value of $DOG. He said: Although the current market value of $DOG is as high as $740 million, many people still don’t know how to buy it. I'm really worried about what will happen once we list on a major centralized exchange and liquidity increases significantly.

I have never seen any meme coin rise this violently before.

Today he also posted a message shouting: "It is imminent that $DOG will be listed on Tier 1 CEX. Its market value will soon reach one billion US dollars, and it is only one step away from entering the CMC homepage. Let us break the boundaries and go to the moon."

Stick to Runes Meme Coin Culture: Decentralization, Fair Issuance

On the other hand, Leonidas also tweeted to promote the culture of Runes Meme Coin. He said: I will work every day to prevent it. The pre-sale and pre-mining culture invades Bitcoin and destroys the Runes meme coin ecosystem. Celebrities and venture capitalists are free to operate meme coins on other blockchains, but they will not be welcome on Bitcoin. Open Runes minting and free and fair airdrops are viable alternatives to issuing memecoins in a decentralized manner that avoids insider manipulation of distribution. We don’t need to tolerate corporate memecoins on Bitcoin.

He added that memecoins are the most honest version of cryptocurrencies and they acknowledge that most of us are here to make money and have fun and that we cannot allow organized capital to run on memecoins. The same KOL+market maker+internal pre-sale playbook ruined us, it is an asset in crypto that needs to remain pure and decentralized.

This comment may be reflected in the recent Meme coin $NORMIE on the Base chain plummeting more than 99% in just one minute, and the celebrity token $Jenner rising and falling sharply due to the influence of a single influential figure. Attracted the favor of some investors.

In addition, analyst Ignas expressed optimism about the prospects of Runes in the near future and pointed out the following potential catalysts:

• Launched centralized exchange: previously $RSIC( @rune_coin) has been listed on OKX, and other potential exchanges include Binance and Kraken, both of which released Runes reports in May, showing strong interest in the sector.

• Bitcoin soft fork brings improvements to the development of BTCFi

• Stablecoins (USDC, USDT, etc.) are issued in Bitcoin with Runes On the network, this demand will increase with the development of BTCFi

• As time passes, the market digests this sell the news event on Rune

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