Runestones Hits $417M Market Cap, 0.055 BTC Price, Surpassing BAYC

Runestones, a digital asset on the Bitcoin network, has seen a significant surge in market capitalization, surpassing Bored Apes Yacht Club (BAYC) with a market cap of $417M compared to BAYC's $415M. The asset experienced a 50% increase in value overnight, reaching a 0.055 BTC floor price on a trading volume of 127 BTC, which brought its market cap to approximately $390M, only trailing behind NodeMonkes at $470M. This surge in interest and value has led to Runestones being discussed as a leading memecoin within the Bitcoin ecosystem, with a total supply of 112,384 units and a potential future supply in the trillions. The anticipation around Runestones has been compared to other significant digital assets like $ORDI and $SATS, both of which have reached 1B market caps. Notably, an unidentified entity has acquired 5,000 Runestones, amounting to $20M in purchases over the past week, alongside owning $50M in NodeMonks, indicating significant investment interest in these digital assets. The listings of Runestones have decreased from 2.1K to 1.2K, with a market cap of 396 M, suggesting a 3x-ish growth potential to reach a 1B market cap.