As rune rises again, this article summarizes the recent popular rune projects (with optional strategy).

Original | Odaily Planet Daily (@OdailyChina)

*Author | Golem (@web3_golem)

The current total Market Cap of rune has risen to 1.3 billion US dollars. According to CoinGecko data, DOG•GO•TO•THE•MOON has risen 29% in 7 days, and its Market Cap has exceeded 500 million US dollars; PUPS•WORLD•PEACE has risen 165.6% in 7 days, and its Market Cap has exceeded 190 million US dollars; BILLION•DOLLAR•CAT has risen 92.7% in 7 days, and its Market Cap has exceeded 83 million US dollars.

In the past 3 months, the total market capitalization of rune has changed (in USD), the image is from GenniData, October 12th 17:20

The leading rise in rune also drove the heat of the Primary Market, and market enthusiasm for new listings has pushed BTC network transaction fees back to over 20 Satoshi/byte. The market zones are rotating. Will the rune party finally get rich this time? Odaily Planet Daily will list the recent popular projects in the rune Primary Market in this article to help everyone quickly understand the market situation and keep up with the majority.

GIZMO•IMAGINARY•KITTEN

• Total Supply: 1 Billion
• Current Market Cap: 610 million dollars
• Hold Address: 1942
• Mint duration: October 11, 2024, 23:00 - October 12, 2024, 05:00
• Whether to reserve: No reservation

GIZMO•IMAGINARY•KITTEN is a rune golden dog that just came out last night, and the volume on Magic Eden has exceeded 2.1 million dollars, and it is still abundant. GIZMO•IMAGINARY•KITTEN is also a puppet cat in the IP, and the name rune comes from a tweet by the puppet founder. From the timeline, a puppet monkey cat was deployed minutes after the tweet was sent.

Despite the founder’s tweet during the minting process, stating once again that the rune has nothing to do with it, it still did not stop the market’s fear of missing out sentiment.

PETER•IS•A•SLEEPY•CAT

• Total supply: 42 million
• Current Market Cap: 79,000 USD
• Hold Address: 850
• mint duration: April 20, 2024 - August 20, 2024
• Reservation or not: Reserved 6.9%

PETER•IS•A•SLEEPY•CAT（X：@petersleepycat）The sleepy cat is not a recent primary project from the perspective of minting time, but its popularity has surged recently. The reason is that the owner of the cat, dominik, live-streamed the cat sleeping on X, attracting about 20,000 viewers, and then attracting follow from the rune community and the market.

Although 6.9% of the tokens have been reserved, the deployer has stated in the community that most of these tokens will be used for marketing expenses to help promote this rune.

RETARDED•BIRD•FINANCE

• Total Supply: 1 Billion
• Current Market Cap: 90 million US dollars
• Hold Address: 711
• minting duration: 15:00, October 10, 2024 - 22:00, October 10, 2024
• Whether to reserve: No reservation

RETARDED•BIRD•FINANCE（X：@RBF_BTC）is promoted by the (community) as a rune that uses some recursive technology, which then caused a fear of missing out in the market. The average minting cost is 0.19 sats, and the current unit price of the rune still remains around 1.2 sats, with a historical high of over 3 sats, yielding over 10 times the profit, which can be called a golden dog.

If there are actual applications in the future, maybe the Jin Dog attribute can be sustained.

RIBBIT•MAGIC•FORTUNE

• Total supply: 100 billion
• Current Market Cap: 119 million dollars
• Holding Address: 1326
• mint duration: 15:00, October 8, 2024 - 03:00, October 9, 2024
• Whether to reserve: No reservation

RIBBIT•MAGIC•FORTUNE (X: @ribbitmagicfrog) claims to be the first community-driven rune frog. The runemint price is 0.0037 SATS, and the current price is still at 0.2 SATS, reaching a peak of around 0.55 SATS, with returns over 100 times, a true gold dog. From the community perspective, the rune frog community is mainly active in the overseas rune community. Even though it has been 3 days since the minting, the buy orders on Magic Eden are still strong, with a volume of over 200,000 USD in the past 24 hours.

DIK•DIK•THICCNESS

• Total supply: 100 million
• Current Market Cap: 37,000 USD
• Holding Address: 488
• mint duration: 1:00 on October 8, 2024 - 7:00 on October 8, 2024
• Whether reserved: 0.01% reserve

The name DIK•DIK•THICCNESS (X: @DIKDIKTHICCNESS) comes from a type of antelope in Africa, which makes a sound like “dik-dik” when startled. The attention of the rune is also relatively high in the overseas community, and its tweet community interaction rate is also high. The unit price of minting is about 0.2 sats, and the current unit price is still at 6 sats, reaching a maximum of 8 sats, with profits exceeding 10 times, making it a community gold dog.

FRANK•FRANK•FRANK

• Total supply: 69 million
• Current Market Cap: 20,000 USD
• Hold Address: 985
• mint duration: October 11, 2024, 14:00 - October 12, 2024, 00:00
• Whether to reserve: No reservation

During the minting process, FRANK•FRANK•FRANK (X: @FrankOnBTC) gained popularity, with the price increasing from 3 SATS to 14 SATS. Many people speculated that it might be a Golden Dog. However, after the minting was completed, the price started to decline, and currently, the price has dropped to 2 SATS.

The PA of the rune is very typical in the rune ecosystem, belonging to the ‘Gas stampede type’ because players’ emotions fear of missing out raised the Gas before minting was completed, allowing early minting players to profit from the price difference of Gas for later players to get on board. When minting ends, players with different minting costs dump at the same time, causing a price stampede, and the price collapses within a few hours.

This is also one of the reasons why many level one veteran players of rune will dump before the minting is completed.

So, is this PVP or win-win?

Although the Primary Market of rune is indeed more prosperous than before, it is far from being as prominent in terms of the number of participants and the effect of going public. The PVP situation within the ecosystem is still serious. The recovery of this Primary Market is mainly due to the rise in the price of the head rune. However, if the rune ecosystem falls silent again, new and small rune projects are likely to fall first. Moreover, after the first wave of rune silence, strictly speaking, only BILLION•DOLLAR•CAT, a Market Cap with high durability, was born again.

So for rune Primary Market, doubling the small capital is still a very effective strategy. If energy and time do not allow for a long time to “on-chain sit and wait”, but do not want to miss the opportunity of rune, then it is still a very safe strategy to only Position at the top of rune.