BRC-20 tokens bleed ahead of Bitcoin halving as trader focus shifts to Runes

BRC-20 tokens saw a sharp decline as investor focus shifted toward Bitcoin Runes, which are also at risk of a major correction.. Meanwhile, traders are shifting their focus to Bitcoin Runes, a new token standard on Bitcoin that makes it easier for users to create fungible tokens.BRC-20 tokens Ordinals and Sats , the two largest BRC-20 tokens by market capitalization, saw significant declines.

Over the past week, PUPS BRC-20 and WZRD BRC-20 tokens were the second and third-largest collections by sales volume across all blockchains, respectively. PUPS amassed over $41 billion in sales volume, while WZRD amassed $16.

“Finally, utility-wise runes will trade as memecoins like BRC-20s. At least at first, so the excitement of ‘new’ will fade away. Especially if no rune token manages to sustain the pump and degens lose money.”

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