Runestone Airdrops 100B $DOG, Market Cap Hits $567M Amid Snapshot Sell-Off

Runestone, currently the leading Runes project with a market cap of $567 million, has initiated a significant airdrop of 100 billion $DOG tokens to its holders. This move comes as the Runestone market experienced fluctuations, with its value dropping from 0.068 to below 0.03 BTC, before stabilizing around 0.032 BTC after a snapshot triggered a sell-off. The airdrop, executed by a volunteer community member, distributed approximately 889,000 $DOG to each holder, now trading at $0.002 on Magic Eden's Runes marketplace. Despite the initial market reaction and a projected fully diluted valuation (FDV) of $330M for $DOG, the value of $DOG is projected to reach a market cap close to $500 million, enhancing the worth of each Runestone allocation to about $4,400 or 0.068 BTC.