Casey's "Bold Claim" Falls Short as Runes' Ecosystem Fails to Reach $1 Billion Market Cap One Month After Launch

PANews reported on May 20 that according to GeniiData, it has been one month since the Runes protocol mainnet launch, and the total market value of the Runes ecosystem has now fallen to $925 million. Among them, DOG•GO•TO•THE•MOON has a market value of $256.16 million, ranking first; PUPS•WORLD•PEACE has a market value of $158.75 million, ranking second; and RSIC•GENESIS•RUNE has a market value of $158.27 million, ranking third.

Previously, Casey, the founder of Ordinals and the Runes protocol, jokingly said that if the "Runes ecosystem does not reach a market value of $1 billion within a month of its launch, he would prepare to commit seppuku." According to GeniiData, the total market value of the Runes ecosystem reached a high of $998.6 million on May 9, based on the average value of that day, but did not touch $1 billion. However, on May 18, the total market value of the Runes ecosystem briefly exceeded $1 billion, with the average value for the entire day being $993.6 million.