According to onchain data, the ‘epic satoshi’ that was sold for 33.3 BTC has now been connected to a newly created Runes protocol coin called “EPIC•EPIC•EPIC•EPIC.” The recently introduced EPIC runes tokens have already started trading and have reached a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday.
Following the halving event, it was discovered that the mining pool Viabtc mined the significant fourth halving block and subsequently auctioned off the well-known ‘epic satoshi’ for a price of 33.3 BTC or $2.13 million. This ‘epic sat,’ also known as 1,968,750,000,000,000, was officially inscribed on Sunday at 3:24 a.m. ET. The inscription included an audio-visual message from the “Epic Blob Army,” identified as @bookofblob on X.
The inscription of the ‘epic satoshi’ was connected to a Runes token mint that produced 1 billion “EPIC•EPIC•EPIC•EPIC” tokens, with 950 million of the tokens already premined. Currently, the Runes-based EPIC token is being traded at $0.09 or 138 sats per coin. It is ranked as the second most traded Runes token on Magic Eden and the third most traded on Okx’s non-fungible token (NFT) marketplace. Since its initial listing, the EPIC tokens have generated a trade volume of just over $850,000.
The launch of the EPIC token mint also caused an increase in onchain BTC fees early on Sunday. Mononaut from the blockchain explorer mempool.space commented on the rise, stating, “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. The rune is 95% premined (lol), but the remaining 5% was just minted out across 100,000 transactions.”
What are your thoughts on the EPIC Runes token that was minted from the ‘epic satoshi’? Share your opinions in the comments section below.
