With an OTC price of $1,300, can Runestone become the top Meme in the Bitcoin ecosystem?

Written by Jaleel, BlockBeats

The air investment asset that has not been officially released now has a market value of US$143 million.

As of writing time, according to Whales Market data, the highest transaction price of Runestone OTC has reached the US$1,300 range.

Leonidas, the founder of the Runestone project, published the news on social media that the cooperation between block 832849 and the Runestone parent inscription with OrdinalsBot and Marathon Digital Holdings has been completed. Although the airdrop process is still ongoing, the price of Runestone OTC continues to rise as Leonidas promotes the Runestone project. The progress of this cooperation has also laid a solid foundation for the future development of the project.

According to the Runestone price trend line compiled by Doggfather, it can be seen that the highest price of Runestone OTC was close to $1,600 on March 5, setting a new record for the highest valuation of Runestone.

Source: Doggfather

Although most of the active Bitcoin community may have heard about the large-scale airdrop of the Runestone project, the reason why the expectations of the Runestone project are so high is obviously not just Because of this.

Want to be the top Meme on the Runestone protocol

As many early Bitcoin ecosystem users are familiar with, Casey has been dissatisfied with the BRC-20 FT protocol on the Ordinals protocol. Therefore, he proposed the idea of ​​Runestone, a new FT protocol, in September 2023.

#This new token protocol hoped to be built on Bitcoin was later called "Rune" by the Chinese community. Rune is native to Bitcoin’s Unspent Transaction Output (UTXO) model. This minimizes the generation of “junk” UTXOs, allowing for more responsible UTXO management and a smaller on-chain footprint.

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