Key Points
- New data shows that Runestone emerges as the leading collection on Bitcoin.
- A Runestone NFT’s floor price is about 0.038 BTC.
The Runestone non-fungible token compilation makes the headlines after becoming the leading NFT collection across more multi-chain support marketplaces.
At the moment of writing this article, Runestone NFT has a base price of 0.038 BTC on Okx.
RUNESTONE JUST BECAME THE TOP COLLECTION ON BITCOIN AND THE THIRD LARGEST NFT COLLECTION IN THE WORLD BY MARKET CAP AND AT 0.069 BTC FLOOR WE OVERTAKE BAYC AND MAKE A STATEMENT SO LOUD THAT IT WILL BE HEARD AROUND THE WORLD FREE AND FAIR IS A MOVEMENT pic.twitter.com/q6X35V6SUA
— Leonidas (@LeonidasNFT) March 17, 2024
On the Okx NFT marketplace, the trading volume of a Runestone NFT sees a trading volume of about 102 BTC with a total volume of approximately 839.2496 BTC, in 24h.
According to the data, there are now roughly 112,400 Runestone NFTs, and the collection has a market valuation of about $355 million.
Leonidas, who is known as an important NFT historian and also the founder of Ord.io, has been credited with the creation of the Runestone NFT collection.
The NFTs have been distributed via an airdrop to Ordinals holders, and they required the ownership of at least three inscriptions to qualify for an NFT.
I hope that everyone is intelligent enough to realize that presales are just rebranded ICOs.
The presale meta will obviously end in a massive train wreck.
On Bitcoin we are taking a different approach with the free and fair meta.
I welcome everyone to join us.
ᛤ
— Leonidas (@LeonidasNFT) March 19, 2024
112k Runestones were airdropped to eligible addresses and after the halving, a yet-to-be-issued runes token will be distributed to Runestone holders.
There is no financial value to holding Runestone ordinals early, and opportunity costs, along with the cost of capital, make ownership of a Runestone early on less attractive.