A message to everyone claiming Runes are dead:

You are a moron

The majority of Runes are memecoins and the memecoin asset class is down right now

DOGE: $32B -> $14B
SHIB: $21B -> $8B
PEPE: $7B -> $3B
WIF: $5B -> $1.4B

And these are the top 4 memecoins so they have held up the best

In many cases Runes memecoins such as $DOG have outperformed many similar market cap memecoins from Solana and Ethereum

"Runes" are just an index of Bitcoin memecoins and of course they are down from the peak like all other memecoins across all chains

It's very obvious what is likely to happen from here

As the memecoin asset class recovers so will Runes

But the memecoin market is in a holding pattern right now so we just have to be patient for it to return (patience in crypto is only weeks and months so this really should not be that hard lol)

Given Runes have barely tapped into the $1.1T of liquidity on Bitcoin and that retail hasn't even arrived yet I have ridiculously strong conviction that the Runes memecoin index w…