According to BlockBeats, the Bitcoin NFT Blob team announced on May 5th that they have engraved the rune EPIC•EPIC•EPIC•EPIC on the fourth halving block. It is reported that the total amount of this rune is 1 billion, with 950 million pre-mined. Following this announcement, the floor price of Bitcoin NFT Blob briefly rose to 0.0699 BTC.
The Bitcoin NFT Blob team's decision to engrave the rune on the fourth halving block is a significant event in the cryptocurrency world. The halving event, which reduces the number of new bitcoins created and earned by miners, has historically been associated with a rise in the price of Bitcoin. The engraving of the rune is a unique way to commemorate this event.
The rise in the floor price of Bitcoin NFT Blob following the announcement indicates the market's positive response to the news. However, it remains to be seen how this will impact the long-term value of Bitcoin NFT Blob. The cryptocurrency market is known for its volatility, and while the engraving of the rune is a significant event, it is just one of many factors that can influence the price of Bitcoin NFT Blob.