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DOG·GO·TO·THE·MOON (aka DOG) is a Bitcoin meme coin etched via the new Runes protocol that was airdropped to holders of the Runestone Ordinals project on Wednesday, and the newly created coin immediately became the most widely used title. Archived. I still have rune tokens.
DOG holders surpassed 74,000 on Wednesday, according to data from casting and etching platform Luminex. This is the Rune token with the most holders since the Rune Protocol launch last week. Next on the list is RSIC•GENESIS•RUNE with about 22,000 holders.
On Wednesday, Leonidas, a pseudonymous DOG·GO·TO·THE·MOON c0 creator, tweeted that a total of 100 billion dog-themed runes had been airdropped to eligible wallets. Wallets holding runestone ordinal inscriptions, which decreased to 112,383 wallets in March, received new rune tokens.
The top five wallets with DOG hold nearly 10% of the total supply, with the largest wallet holding 6.7 billion tokens, which is about 6.65% of tokens etched. The lowest price for DOG·GO·TO·THE·MOON in the secondary market is 5.28 sat, the lowest Bitcoin par value, or about $0.003 worth of BTC.
Check your wallet!
100,000,000,000 $DOG Successfully airdropped to Runestone holders.
Greetings to giga-chad volunteer community members @gm7t2 To execute perfectly.
But don’t be fooled by the small numbers. On the runes marketplace Magic Eden, the daily trading volume for the puppy-based Rune already stands at 53.1 BTC, or about $3.4 million. Total trading volume since launch on Wednesday is: Estimated at $10 million. According to Magic Eden, DOG’s current market capitalization is approximately $336 million.
Other rune collections include 21,938 RSIC•GENESIS•RUNE, 21,382 Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z, 19,655 SATOSHI•NAKAMOTO, and BITCOIN•PEPE. • 16,601 matrices.
The odd-looking name is due to the minimum length requirement encoded in the Runes protocol to prevent name piracy. The length requirement gradually shortens over time as more Bitcoin network blocks are processed.
Editor: Andrew Hayward
disclaimer
The views and opinions expressed by the author are for information purposes only and do not constitute financial, investment or other advice.
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