Casey’s “MEMENTO•MORI” Inscription Ignites Runes Protocol Hype

Casey has etched the new rune “MEMENTO•MORI” onto Runes Protocol’s inscription #0, “UNCOMMON•GOODS,” with a total supply of 100 million. This action aligns with his previously mentioned concept of hardcoding the first 10 runes, and the Latin phrase “MEMENTO•MORI” (Remember you will die) is thematically fitting for the skull imagery of inscription #0.

The distribution method was unique. Half (50 million) were airdropped to subscribers of the Bitcoin podcast “Hell Money,” co-hosted by Casey and Erin Redwing, as a thank-you to the community. The other half were made available for minting at Bitcoin block height 868186. However, the minting opened early at 10:30 AM, unexpectedly spiking miner fees to approximately 584.5 sats/vB (roughly $420 USD per inscription).

The “MEMENTO•MORI” minting shattered the previous lack of speculative market hype surrounding inscription #0. Its current total market capitalization has already reached $14 million, marking it potentially as Casey’s first rune to successfully generate significant market speculation. The ultimate market value of “MEMENTO•MORI” remains to be seen and warrants continued observation. The early release and subsequent high gas fees highlight the unpredictable nature of the market and the enthusiasm surrounding Casey’s projects. Further analysis will be needed to determine if this is a sustainable trend, or a short-term burst of hype. The success of this inscription will undoubtedly influence future rune releases on the Runes Protocol and the broader Ordinals market. The community’s response, both positive and negative, will be crucial to understanding the long-term impact of this event.

Wolfgang

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注