Is there still a chance to enter? Review of Rune Projects 1 to 9 after one week of launch

Original | Odaily Planet Daily

Author | Asher

With the official launch of the BTC halving rune project, the BTC network was congested for a while due to the excessive rush for runes, and the gas fee was even thousands of dollars. However, the entire sector did not show obvious benefits and out-of-circle effects, and the heat quickly faded. At this time, is it a rare gold pit or a bottomless trap? The following is a review and analysis of the rune projects No. 1-9 that are hotly discussed in the community.

Among the most discussed Rune projects 1-9 in the Rune community, except for Rune 6 and Rune 7 which are publicly minted, the rest are Rune projects with official airdrops. Below, Odaily Planet Daily takes you through the dynamics of Rune projects 1-9 and community discussions since the Bitcoin halving.

Rune Items 1 to 9 Review

Rune 1: Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z

Regarding Rune No. 1, its deployer’s Twitter account is Fehu . Currently, only 0.1% of the traffic is allocated, and the remaining 99.9% is reserved for the project party. So far, the distribution method has not been announced.

Since it is Rune No. 1, after in-depth digging by community friends, it was found that Rune No. 1 ( The website deployed by the same service provider as the Rune No. 8 (http://runecoin.io ) announced to be launched on OKX Jumpstar yesterday is the same, that is, the official website domain name information, registered state and country are from the same, and FEHU, as the Rune letter, is the rarest mining machine in RSIC, with only 1, so it is speculated that Runes No. 1 and No. 8 are most likely deployed by the same project party.

FEHU is the rarest mining machine in RSIC

Regarding secondary transactions, OKX data shows that the total transaction volume as of today is 14.94 BTC, of which the transaction volume peaked on April 24 at 6.45 BTC, and the transaction volume yesterday was only 0.33 BTC. The current floor price is 37,990 sats (worth approximately US$24.22).

Image source: OKX Web3 Market

Rune 2: DECENTRALIZED

Regarding Rune No. 2, its deployer is the NFT project CyberKongz . The rune project was initially 100% reserved by the team, and on April 26, it announced that 91% of the total Rune No. 2 would be allocated to the holding addresses of the Pre-Rune series Prometheans (commonly known as Prometheus in the community), 4.5% of the runes would be allocated to the Ordinals community, and 4.5% would be launch contributors. The snapshot block is 841269, and the airdrop distribution will be based on each Promethean rather than each wallet.

It is worth mentioning that according to Coingecko data, Prometheans fell sharply after the snapshot, with the floor price falling from a high of 0.0845 BTC to 0.016 BTC, a 24-hour drop of more than 70%.

Image source: Coingecko

At 5 am today, CyberKongz announced on the X platform that the Rune 2 airdrop has been launched and will be carried out in batches. Currently, OKX data shows that the total transaction volume is 7.01 BTC, the current floor price is 6.7 sats (worth about $0.0042), and the market value is about $71.88 million.

Image source: OKX Web3 Market

Rune 3: DOG GO TO THE MOON

Regarding Rune 3, its deployer is Leonidas , who is also the developer of Ordinals and the founder of Runestone. Leonidas announced on April 21 that a dog has been born and will soon be airdropped to Runestone holders, with the snapshot block being 840,269 . Just like Runestone, DOG will be 100% free airdropped, with no team allocation or pre-sale.

On April 24, Leonidas stated that it had airdropped 100 billion DOG tokens to Runestone holders. Each Runestone NFT can receive 889,806 tokens. As of now, the value of the airdropped tokens is approximately US$3,400 .

Image source: Leonidas tweet

On April 25, Gate.io announced the launch of the DOG token, and its price has soared to $0.0057 . According to OKX data, the total transaction volume as of today is as high as 250.49 BTC, far exceeding other rune projects. The current floor price is 6.07 sats (worth about $0.0038), and the market value is $386 million.

Image source: OKX Web3 Market

Similar to the plunge after the Prometheans snapshot, according to Coingecko data, Runestone experienced a sharp correction after completing the Rune Snapshot No. 3, falling all the way from around 0.075 BTC before the snapshot. The drop in 7 days exceeded 75%, and it has now fallen below 0.02 BTC to 0.018 BTC.

Image source: Coingecko

Rune 4: THE•RUNIX•TOKEN

Regarding Rune 4, its deployer is BVMnetwork , with a total of 21 billion tokens, and the current token circulation is 10%. BVM is a BTC ecological L2 project, and for the Rune ecology, it has also launched its own Rune DEX product Runechain.

On the evening of April 26, RuneChain announced that the Rune Staking Activity is now online. Staking RUNIX can get up to 50% annualized rate of return, and the current annualized rate of return is 30%. At the same time, the platform supports staking DOG and RSIC rune projects to enjoy annualized rates of return of 25% and 20% respectively.

Rune Pledge

According to the current plan of the project party, Rune RUNIX will have certain empowerments in the later stage, including enjoying transaction discounts, obtaining transaction income, participating in governance, etc.

Regarding secondary transactions, OKX data shows that the total transaction volume as of today is 3.84 BTC, and the current floor price is 6 sats (worth approximately US$0.0038).

Image source: OKX Web3 Market

Rune No. 5: DOG•DOG•DOG•DOG•DOG

Regarding Rune 5, we do not know the identity of the deployer of the project. It is a community-autonomous project, and the project has not conducted airdrops. Some community members speculated that its deployer is also the founder of Rune, Leonidas, and look forward to Runes next airdrop project DOG•DOG•DOG•DOG•DOG. Therefore, everyone needs to pay close attention to market trends to obtain information about deployers, especially Rune holders or users who are ready to buy Rune.

Runes 6 and 7: SATOSHI•NAKAMOTO and MEME•ECONOMICS

Rune No. 6 and Rune No. 7 are also anonymous rune projects, but unlike Rune No. 5, these two projects are minted publicly, and currently 100% of the supply is circulating in the market. Many community members believe that the Bitcoin ecosystem should be fair, just, and open, so they pay close attention to the dynamics of Rune No. 6 and Rune No. 7 projects.

Regarding secondary trading, the total trading volume of Rune No. 6 SATOSHI•NAKAMOTO as of today is 3.32 BTC, and the current floor price is 0.00000006 sats (worth approximately US$0.000000000038), with a market value of approximately US$800,000.

Image source: OKX Web3 Market

Rune No. 7 MEME•ECONOMICS has a total trading volume of 20.76 BTC as of today, with a current floor price of 450 sats (worth approximately $0.28) and a market value of approximately $6 million.

Image source: OKX Web3 Market

Rune No. 8: RSIC•GENESIS•RUNE

As for Rune No. 8, its deployer is Runecoin , with a total of 21 billion tokens, and all tokens are currently in circulation. Today, OKX officially announced that it will launch RUNECOIN (RSIC•GENESIS•RUNE) at 18:00 Beijing time today , and recharge has been developed. At the same time , before that, OKXs new Jumpstart mining will start at 15:00 Beijing time on April 29, 2024, and BTC holders can pledge BTC to mine RUNECOIN (RSIC•GENESIS•RUNE). Since it was launched on OKX, it can be said that in addition to Rune No. 3 DOG, Rune No. 8 is also very popular in the community.

Image source: OKX tweet

Regarding secondary trading, OKX data shows that the total trading volume as of today is 110.22 BTC, the current floor price is 24.5 sats (worth approximately $0.015), and the market value is approximately $346 million.

Image source: OKX Web3 Market

Rune No. 9: LOBO • THE • WOLF • PUP

Regarding Rune No. 9, its deployer is Buoyant Capital , which is listed in the top 30 of Binance rankings and the top 10 Binance traders in the X platform profile. The total amount of the project is 21 billion, and all tokens are currently in circulation.

On April 23, Buoyant Capital posted on the X platform that Rune 9 will airdrop LOBO to Rune Door and Runestone holders, and the snapshot will be taken at block height 840,574 . Each Rune Door will airdrop 367,500 LOBO (currently worth about $404.25), and each Runestone will airdrop 102,772 LOBO (currently worth about $113.05).

Image source: Buoyant Capital tweet

At the same time, due to the high community enthusiasm for Rune No. 9, on April 28, Gate.io announced the launch of the LOBO token.

Regarding secondary transactions, OKX data shows that the total transaction volume as of today is 35.72 BTC, the current floor price is 1.74 sats (worth approximately $0.0011), and the market value is approximately $22.89 million.

Image source: OKX Web3 Market

This article is sourced from the internet: Is there still a chance to enter? Review of Rune Projects 1 to 9 after one week of launch

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