Runestone NFT Ground Value Crashes to 0.03 BTC After Meme Coin Airdrop

• The ground value of the Runestone NFT assortment dropped 55% to 0.033 BTC.
• On April 11, the ground value hit an all-time excessive of 0.095114 BTC.
• The holders of the NFTs are eligible for 3 airdrops, considered one of which is full.

The ground value of Runestone non-fungible token (NFT) assortment dropped considerably over the previous 24 hours following the snapshot taken at Bitcoin block 840,269 for the airdrop of a meme coin to Runestone holders. 

In line with the info from CoinGecko, the ground value of the NFT assortment dipped nearly 55% in 24 hours, presently amounting to 0.033 BTC (round $2,168). Moreover, the 24-hour buying and selling quantity of the gathering additionally dipped by 55% to 2.63 BTC.

The all-time excessive ground value for Runestone was witnessed on April 11 when the Bitcoin-based NFT assortment hit the value tag of 0.095114 BTC (roughly $6,250). CoinGecko additionally confirmed that as of April 22, there are a complete of 112,400 Runestone NFTs minted, held by 75,540 distinctive homeowners, and the gathering has a complete market cap of $244,562,012.

The creator of Runestone, Leonidas, on social media platform X, addressed the issues of the digital asset neighborhood surrounding the crash of the ground value of the NFTs put up snapshot, stating:

”Inevitably some low IQ people will complain that the ground of Runestone drops after this snapshot. That is clearly an irrational take. You must consider the worth of a Runestone as the overall worth you acquired from it after the second you have been airdropped it or purchased it.”

Leonidas said that holders should take into account the truth that, in whole, the holders of the Runestone NFTs will likely be eligible for 3 airdrops, considered one of which is full. The creator famous that one ought to “look again on the whole worth of DOG and all different airdrops to Runestone holders when calculating the overall worth of the unique Runestone airdrop.”