Runestone announces airdrop of the meme coin DOG, floor price drops by 60%

The Runes Protocol has officially launched on the Bitcoin network, with the inscription project Runestone developed by Leonidas announcing on Twitter that they will airdrop DOG tokens to holders within a few days. However, the floor price of Runestone plummeted by nearly 60% in response.

This article is not investment advice.

Runestone Holders to Receive Airdrop

The Rune Protocol officially launched on 4/20, and Leonidas announced that the third rune token, DOG DOG•GO•TO•THE•MOON, will be airdropped to holders of the Runestone inscription. The operation is expected to be completed in a few days without the need for manual claims, as the snapshot was taken one hour ago at block height 840,269.

Prior to this, Leonidas had already announced that there would be three meme coin airdrops for Runestone holders, with DOG rune token being the first, another airdrop expected later this year, and the last one to be launched when the project becomes a top meme.

Developers announced three airdrops, with Runestone's market value hitting a new high surpassing BAYC.

Runestone Floor Price Drops by Sixty Percent

However, the airdrop news has had a negative impact on the floor price of Runestone, which has dropped from around 0.07 BTC to 0.028 BTC, with the current price at about 0.0329 BTC or $2,162, a decrease of around sixty percent.

This article is not investment advice.