Runestone Airdrop Sparks Trading Frenzy On Magic Eden

Distribution Dynamics and Market Reactions

Leonidas reported that four clusters had been successfully distributed in just 45 minutes. 

In the 24 hours following launch, only 38.6% of the airdrops were completed. It quickly surpassed $3 million (equivalent of 50 BTC) in secondary market volume during this time, making it the best-performing NFT collection on all blockchains for the past day. 

Bitcoin storage account holders have less than a 24-hour window to secure one of the most sought-after assets. However, they must meet certain requirements. ‘Cursed inscriptions’ also qualify.

In an earlier article, this month, we highlighted the weight of these collectibles.  Runestone auctionAt 3.97 MB, it was the largest Bitcoin Ordinals data size. It was sold for $572,973 at the time. 

As the airdrop is completed and the inscriptions are distributed more widely, this massive distribution is expected to continue to draw interest. 

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Before making any investment, individuals should thoroughly research the product.

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