Runestone Announces Airdrop of Meme Coin DOG, Floor Price Plummets by 60%

Rune Protocol (Runes) Officially Launched on the Bitcoin Network, Runestone Project
Developer Leonidas announced on Twitter that he will airdrop DOG tokens to Runestone holders within a few days, but the floor price of Runestone plummeted by nearly 60%.
(This article is not investment advice)

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Runestone holders to receive airdrop
Runestone floor price drops by 60%

Rune Protocol officially launched on 4/20, and Leonidas stated that he will airdrop the third token called DOG (DOG•GO•TO•THE•MOON) to Runestone holders. The operation is expected to be completed within a few days without the need for manual claiming. The snapshot of holders has been recorded one hour ago (block height 840,269).

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Recommended Reading:
Franklin Rune Report: Rune Issuance to Become the Bitcoin Ecosystem Token Standard
Reason for recommendation: This article briefly introduces the origin and opportunities of the Rune Protocol, pointing out that Runes can become an important token standard in the ecosystem, potentially becoming an opportunity for Bitcoin to issue token assets.

Leonidas has previously announced that there will be three meme coin airdrops for Runestone holders, and this DOG token is the first one. Another airdrop is expected to be launched later this year, and the last one will be released when the project becomes a top meme.

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RuneStone Airdrop Plan
(Source)
(Developer announces three airdrops, Runestone market cap reaches a new high, surpassing BAYC)

However, this airdrop news has had a negative impact on the floor price of Runestone, which has dropped from about 0.07 BTC to 0.028 BTC, with the current price at around 0.0329 BTC ($2,162), a decrease of about 60%.

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Runestone Price Variation
(Source)
(This article is not investment advice)

BTC
DOG
RUNE
Runestone
Rune
Meme coin
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Further Reading
CoinEx Security Team: Unveiling THORChain (RUNE) Security Risks
Revealing the bullish projects according to seven analysts from Messari: Bitcoin, Ethereum, and YFI ranked top three.