Runestone NFT Floor Price Crashes to 0.03 BTC After Meme Coin Airdrop

The floor price of Runestone non-fungible token (NFT) collection dropped significantly over the past 24 hours following the snapshot taken at Bitcoin block 840,269 for the airdrop of a meme coin to Runestone holders.

According to the data from CoinGecko, the floor price of the NFT collection dipped almost 55% in 24 hours, currently amounting to 0.033 BTC (around $2,168). Additionally, the 24-hour trading volume of the collection also dipped by 55% to 2.63 BTC.

The all-time high floor price for Runestone was witnessed on April 11 when the Bitcoin-based NFT collection hit the price tag of 0.095114 BTC (approximately $6,250). CoinGecko also confirmed that as of April 22, there are a total of 112,400 Runestone NFTs minted, held by 75,540 unique owners, and the collection has a total market cap of $244,562,012.

The creator of Runestone, Leonidas, on social media platform X, addressed the concerns of the digital asset community surrounding the crash of the floor price of the NFTs post snapshot, stating:

”Inevitably some low IQ folks will complain that the floor of Runestone drops after this snapshot. This is obviously an irrational take. You should think of the value of a Runestone as the total value you received from it after the moment you were airdropped it or bought it.”

Leonidas stated that holders must consider the fact that, in total, the holders of the Runestone NFTs will be eligible for three airdrops, one of which is complete. The creator noted that one should “look back at the total value of DOG and all other airdrops to Runestone holders when calculating the total value of the original Runestone airdrop.”