Epic Satoshi ​​Spurs Launch of New Runes Tokens With $88M Market Cap

According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday.

From Epic Satoshi to EPIC•EPIC•EPIC•EPIC Runes Tokens

After the halving event, it was discovered that the mining pool Viabtc mined the significant fourth halving block and subsequently auctioned the well-known ‘epic satoshi,’ fetching a price of 33.3 BTC or $2.13 million. This ‘epic sat,’ also numerically identified as 1,968,750,000,000,000, was officially inscribed this weekend at 3:24 a.m. ET on Sunday. The inscription featured an audio-visual message from the “Epic Blob Army,” identified on X as @bookofblob.

The inscription of the ‘epic satoshi’ was linked to a Runes token mint that produced 1 billion “EPIC•EPIC•EPIC•EPIC” tokens, with 950 million of the tokens premined. Currently, the Runes-based EPIC token is being traded at $0.09 or 138 sats per coin. It ranks as the second most traded Runes token on Magic Eden and third most traded on Okx’s non-fungible token (NFT) marketplace. The EPIC tokens have generated just over $850,000 in trade volume since their initial listing.

The launch of the EPIC token mint further prompted an increase in onchain BTC fees early Sunday morning, as noted by Mononaut from the blockchain explorer mempool.space, who commented on the rise. “If you’re wondering why fees pumped again, it’s because whoever bought the “epic halving sat” for 33.3 BTC last week just etched a rune into it,” Mononaut said. “The rune is 95% premined (lol), but the remaining 5% just minted out across 100,000 transactions.”

What do you think about the EPIC Runes token minted from the ‘epic satoshi?’ Share your thoughts and opinions about this subject in the comments section below.

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