Unique Version:
Epic Satoshi Spurs Launch of New Runes Tokens With $88M Market Cap
According to data on the blockchain, a unique and rare ‘epic satoshi’ was recently sold for 33.3 BTC and has now become associated with a brand new coin called “EPIC•EPIC•EPIC•EPIC” in the Runes protocol. This new EPIC runes token has already started trading and has achieved an impressive market capitalization of $88 million by 11 a.m. Eastern Time on Sunday.
After the halving event, it was discovered that the mining pool Viabtc was responsible for mining the significant fourth halving block and subsequently decided to auction the well-known ‘epic satoshi’. The auction resulted in a selling price of 33.3 BTC, equivalent to $2.13 million. This ‘epic sat’ also carries the numerical identifier of 1,968,750,000,000,000 and was officially inscribed at 3:24 a.m. ET on Sunday. The inscription featured an audio-visual message from the “Epic Blob Army,” identified on X as @bookofblob.
The inscription of the ‘epic satoshi’ was directly linked to the minting of 1 billion “EPIC•EPIC•EPIC•EPIC” tokens in the Runes protocol. Out of these tokens, 950 million were premined. Currently, the EPIC token, based on the Runes protocol, is being traded at $0.09 per coin or 138 sats. It has gained popularity as the second most traded Runes token on Magic Eden and the third most traded on Okx’s non-fungible token (NFT) marketplace. Since its initial listing, the EPIC tokens have generated a trade volume of over $850,000.
The launch of the EPIC token mint has also caused an increase in onchain BTC fees early Sunday morning. Mononaut from the blockchain explorer mempool.space noted this rise, saying, “If you’re wondering why fees pumped again, it’s because whoever bought the ‘epic halving sat’ for 33.3 BTC last week just etched a rune into it. The rune is 95% premined (lol), but the remaining 5% was minted across 100,000 transactions.”
What are your thoughts on the EPIC Runes token that stemmed from the ‘epic satoshi’? Feel free to share your opinions in the comments section below.