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  • ExtraOrdinal Daily #121 | Urgent Wallet Security Warning for Runes Traders

ExtraOrdinal Daily #121 | Urgent Wallet Security Warning for Runes Traders

12th Feb 2025 ||| Issue #121
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Table of Contents

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Todays Top Stories

Major Wallet Issue Hits DotSwap

A concerning wallet security issue surfaced earlier this morning, raising concerns about asset safety when interacting with certain platforms. While the issue appears to be isolated to DotSwap for now, it serves as a reminder to exercise caution when using marketplaces and DeFi protocols outside of Magic Eden.

The situation came to light when @TalkToTurk shared their experience—one of their Ordinals, which had been listed on Magic Eden, was unexpectedly spent as a miner fee after completing a Runes swap on DotSwap. Somehow, instead of remaining secure in their wallet, the Ordinal was mistakenly used to cover transaction costs.

Magic Eden’s support team responded swiftly, explaining that because listings are managed off-chain, transactions on other protocols like DotSwap—which do not recognize or respect the separation of Ordinals—could inadvertently cause an Ordinal to be spent as a miner fee.

Naturally, this sparked a rapid community response, leading DotSwap to issue an apology and invite Turk to their Discord for further investigation.

It’s still early days so we’re waiting to see how this gets resolved, but this situation serves as a stark reminder to practice strict wallet security measures to minimize risk in the event of unexpected platform behavior.

Best Practices for Wallet Security

  • Separate Wallets for Different Activities – Maintain separate wallets for minting, trading, and long-term holding to avoid accidental spending of valuable assets.

  • Use Hardware Wallets – Store high-value Ordinals and Runes in cold storage where possible. Don’t use these wallets for active transactions.

  • Understand Platform Protocols – Before using any DeFi platform, make sure you understand how it handles different asset types, especially if it interacts with multiple protocols. In this case, knowing whether a platform respects the separation of Ordinals or other unique assets can help avoid situations like this. That said, let’s be fair, most of us likely wouldn’t have thought to check for this beforehand, and probably never have.

  • Use a Clean Wallet – When interacting with new or untested platforms, use a fresh wallet to limit exposure to risk.

Even with best practices in place, mistakes and unforeseen issues can still occur. So, what happens if your Ordinal or Rune is mistakenly spent as a miner fee?

The TRAC team outlined some possible recovery methods:

Hopefully, by tomorrow, we’ll have some good news about how this all turned out for Turk. For now, be extra careful and move slowly.

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Daily Bites: Today’s Top Articles

Todays Markets

Ordinals

OMB has fallen dangerously close to 0.1 in a surprising turn of events. Many would consider anything below that a strong buy signal, but the real question is—how much lower do we go, and for how long? With the market continuing to puke every other day, we could see further dips, potentially presenting more mid-to-long-term opportunities.

NodeMonkes managed a small gain, while Puppets slipped back to 0.055. Quantum Cats, the other heavyweight in the big four, remains rock solid in the 0.23 to 0.27 range.

Natcats posted a decent 14% gain on the day, but beyond that? It's all red. Prices are down. Volume is down. There's only so many ways to spin it.

Maybe this is a good time to pick up an XO Unchained?

Runes (Bitcoin Memecoins)

The top five looks far more familiar today, with a return to normality as the usual names reclaim their spots. $GIZMO and $CYPHER tend to swap that coveted position on occasion, but today belongs to the orange cat.

And that’s about as positive as it gets—because volume and price are down bad. Again, there’s only so many ways to say the same thing. Take a nap, take up a hobby, build a shed, explore psychedelics even, just do anything apart from stare at this chart.

But in seventh place, $MRYEN makes a return to the top 10 after a long absence. Most of the volume came from one Mr Yen superfan, who scooped up 41 lots for nearly 0.02 BTC. Will this turn out to be an outrageous investment in the weeks and months ahead?

Mr Yen has some of the most fire original content in Runes and is currently on a break while the market cools off. But many of us eagerly await his return.

We love our sons.

Todays Opportunities

Giveaways

There are currently three raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!

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Nothing in this or any other ExtraOrdinal Daily publication should be construed as financial or investment advice.

We trust this ExtraOrdinal Daily provided you with the information, insight and opportunities needed to have an ExtraOrdinal day! If you have any questions, suggestions, or a desire to contribute, reach out in the ExtraOrdinals Discord!

See you tomorrow!