Dogecoiners clone Bitcoin Ordinals ‘Runestone’ airdrop hyped
The Dogecoin blockchain native has just completed its own “Runestone” airdrop, inspired by a non-fungible token (NFT) similar to the offering via Bitcoin Ordinals last month.
By the end of April 2, a total of 30,272 “Doge Runestone” Doginals — Dogecoin's name for Ordinals — had been issued to wallets containing at least one Doginal from a collection list listed by Robo AI, the airdrop organizer. .
Doge Runestones are now trading at a floor price of 185 Dogecoin (DOGE) close to $32, and have seen a 24-hour volume of over $2,000, according to data from the Ordinals Wallet marketplace.
The airdrop overshadowed the runestone airdrop based on multiple bitcoin ordinals in March, a community-led effort that provided more than 112,000 runestones to the protocol's early adopters.
Bitcoin Ordinals are NFT-esque assets such as images or documents embedded in sats – the smallest unit of Bitcoin (BTC).
Dogecoin is a fork of Bitcoin – that's why it has Ordinals – and its Doginals protocol was launched in February of last year by an unknown developer after Bitcoin Ordinals.
The protocol has opened the possibility of launching its DRC-20 token level as early as May 2023, taking its name from Ethereum's ERC-20 level and Bitcoin's similar BRC-20 level.
Related: ‘There's No Such Thing as Spam' — OKX exec on Bitcoin Ordinals
According to Doginal Explorer data, there are 149 Doginal collections and approximately 68,000 DRC-20 tokens with a capitalization of $120 million.
In the year
The Doge Runestone airdrop doesn't seem to have had a positive impact on DOGE, which is trading at $0.1718 — down 2% on the previous day and 20% on the week, according to Cointelegraph Markets Pro.
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