Bitcoin Ordinals Runestone Up For Auction Ahead of Airdrop

The Bitcoin Ordinals project, Runestone, 

is indeed up for auction ahead of its airdrop. 

Here's a summary of the key points:

Runestone: This is the largest ordinal inscription by block size,

Bitcoin Ordinals Runestone Up For Auction Ahead of Airdrop

It was inscribed on February 5, 2024, and consists of two entire blocks, totaling 3.97 MB.

Auction: The Runestone is currently being auctioned on the Ordinals marketplace, Ord City. 

As of March 7, 2024, the highest bid sits at 0.26 BTC (around $17,262).

Bitcoin Ordinals Runestone Up For Auction Ahead of Airdrop

Airdrop: The proceeds from the auction will be used to cover 

the network fees associated with the upcoming Runestone airdrop. 

This airdrop will see over 112,000 eligible Bitcoin addresses receive a Runestone inscription. 

The exact date of the airdrop is yet to be announced.

Purpose: The Runestone project aims to reward the year-one Ordinals community and 

is entirely volunteer-driven.  The airdrop is designed not to favor large holders ("whales") and has specific eligibility criteria.