Amidst noteworthy developments in the cryptocurrency realm, optimistic sentiments have surged following remarks from Bitcoin Ordinals developer Leonidas regarding the Runestone Airdrop. Leonidas’ statement quickly captured considerable attention from global crypto enthusiasts, asserting that this marks the largest airdrop in Ordinals’ history.
Details of the Runestone Airdrop
As per the developer’s announcement on X, the impending Runestone Airdrop is scheduled between this Friday and Wednesday, showcasing a gradual paradigm shift rather than an instantaneous occurrence. Leonidas’ statement has sparked excitement throughout the broader crypto market and its participants.
In a recent post shared on X, the developer disclosed that the Runestone airdrop progress has reached 90%, adding an extra layer of anticipation to today’s comments. Earlier revelations indicated that a staggering 112,383 addresses are in line to receive their Runestone in what is touted as the largest Ordinals airdrop to date. RuneAlpha, the block explorer for Rune, has collaborated with Runestone 0.15 BTC donors to cover network fees for inscription and distribution. Additionally, the support from RuneAlpha and Cook holders is contributing to the enhanced growth of Runestone on the Bitcoin network. In response, an additional 7,000 addresses are set to receive Runestone.
Exploring the Depths of the Runestone Airdrop
Thousands of Bitcoin Ordinal wallets are poised to receive the Runestone airdrop as Bitcoin undergoes a halving event at the block height of 840,000. However, Leonidas has declared that the aforementioned Ordinal inscription holds no practical utility but stands as a commemoration of the first year of Ordinals’ existence.
Currently, Ordinals is contributing significantly to Bitcoin network activity, leading to a substantial increase in block size and higher transaction fees. This, in turn, has provided miners with substantial rewards, while the mining difficulty has surpassed the 81 trillion mark.
In the past 12 months, the network hashrate has approximately doubled, surging from 303 EH/s to an average of 577 EH/s, as per BTC.com’s insights. With the Runestone Airdrop unfolding, the market braces itself for potential future impacts.