Bringing you some numbers. During the Runes are dead era (until early September), Runes had roughly ~800K-1M in daily volume (on-chain). It took only an increase of 3-5x in daily volume to send some of the leaders 5-10x in market cap during this last month. Some perspective: the numbers on Ordinals volume were almost exactly the same on almost exactly the same dates of 2023. During the last months of 2023 and the first Q of 2024, the volume increased to sustained 20M-40M daily volumes. The effect of those volumes on Runes will lead to several Runes achieving 1B and going beyond.
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We’ve created a Club on FriendTech to discuss Runes also. This is a 300 member strong group on Farcaster. https://friend.tech/clubs/104289
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This is a memecoin supercycle. A memecoin supercycle where, for the first time, Bitcoin has its own memecoins. Send them to Valhalla. Send them to Pupshalla. Fulfill the $13B O.P.I.U.M prophecy and let the magic internet money flow.
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