The meme coin rebound trend has recently rotated among various ecosystems, from Ethereum to Solana. Now, this wave of speculation seems to have flowed into the Bitcoin ecosystem. According to market trading data, the first token based on the BRC20 token standard, ORDI, broke through $50 this afternoon, with a rise of over 20% in the past 24 hours.
At the same time, the currencies related to the “Runes Protocol,” which was only deployed following Bitcoin’s halving in May of this year, have also shown significant rebounds in recent days. According to data from GeniiData, Rune transaction volume has been recovering since May 20th. The total market value has also surpassed $1 billion, reaching nearly $1.7 billion.
Among all the Rune currencies, the highest trading volume is for DOG•GO•TO•THE•MOON, which is distributed through Rune stone NFTs. Its trading volume in the past 24 hours is approximately $9.3 million, and the price has risen from 3.8 sats on May 20th to 11.42 sats. Additionally, CATS•IN•THE•SATS is also worth mentioning, as its price has risen more than four times, from 40.56 sats on May 20th to 1,778 sats, with a current market value of only $24 million.
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