Todays Top Stories

Editor: @PhoenixxDown

The Battle for Bitcoin’s First Punks

We’re back with another XO Weekly Space tomorrow, and this time, we’re diving deep into the Punks on Bitcoin story with first-hand insights from Ordinal OGs Imper1um and Sparadanni!

Both were active during the wild west days of early ‘23, when trades relied on spreadsheets and blind trust. They also played a key role in rescuing one of the earliest inscribed collections, contributing to the rich lore of sub10K inscriptions; something that is considered by some to be the true first Ordinals 10K collection.

To give some backstory before tomorrow: Punks on Bitcoin emerged in early 2023 during the “Punk Wars,” a heated race to inscribe the first CryptoPunks-inspired collection on Bitcoin. While Ordinal Punks inscribed their range between #407–#642, Punks on Bitcoin, led by Punktoshi at the time, took a different path; one that led to controversy and, ultimately, redemption.

At the center of this saga is Punk #406, an inscription thought to be lost, until Imper1um took it upon himself to track down the missing Punk. He eventually confirmed that hash_bender, CEO of Luxor, had inscribed #406 and was willing to return it to the collection. This discovery exposed a major oversight by Punktoshi and reinforced concerns that the project needed new leadership.

As the community pressed for answers, they were met with evasiveness, leading to frustration and uncertainty about the collection’s future. Recognizing the significance of #406 and the need for stability, Imper1um stepped in, securing the missing Punk and ultimately acquiring the entire Punks on Bitcoin collection from Punktoshi.

Under Imper1um’s leadership, Punks on Bitcoin has re-established itself as a cornerstone of the sub10K Ordinals movement, correcting past mistakes and ensuring its legacy is properly recognized.

He, Sparadanni, and the rest of the team have worked tirelessly to elevate the collection, embracing the historical importance of early Bitcoin inscriptions while championing the next phase of Ordinals.

Beyond just Punks, we’ll also be discussing Spacey Codarmor, their airdropped Rune, and their vision for the future of sub10K inscriptions.

And of course, we’ll be joined by Landy who will be updating us on his analsysis of the market, keeping you informed and on the right side of the trade.

Don’t miss out! Tune in tomorrow for an unfiltered, first-hand account of Bitcoin Ordinals history!

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Todays Markets

Catch up with Landy in last night’s Wednesday Check-In:

Ordinals

Quantum Cats are being scooped up like the Taproot Wizards mint just got announced and owning one will get you a free foot rub from Udi, jumping 31% since yesterday.

The Wizards mint officially wrapped up a few hours ago with the close of the auction, so maybe this price action is driven by those who didn’t have enough to grab one and are still looking for exposure.

Someone bought a Twelvefold. As tradition dictates, we must now ask: What do they know?!

RSIC miners are now sitting at a floor price of $152. So the question is: would you rather have one RSIC miner, or one XO Unchained and $110 left over?

Runes (Bitcoin Memecoins)

$BRO is the standout winner today, up 20%, continuing its dominance as the leading low-cap Rune, just pushing past the $1M market cap mark again.

This comes on a day where almost everything else is red. Once again, no major news for Runes, just the true believers hanging on. Even some of them, though, are folding under the pressure.

If we make it out of this alive, imagine the stories we’ll tell our grandchildren. Incredible stuff.

Praise be to Odin, because while the charts may not give us much new to discuss, high drama in the OdinDog comments section has delivered.

One of the top holders, BigMAMA, had been slowly exiting their position, spooking a lot of other holders. As uncertainty spread, the price started bleeding.

Seeing enough, another holder—who seems to be on a first-name basis with BigMAMA—dropped this absolute banger in the comments:

"Philip, stop being a bitch and sell everything in one clip. You have 0 cost basis and are going to kill the whole platform by holding everyone hostage. 30% slippage for you and it's over in one sell. You already have supply on-chain that you're forced to hold until deposits are enabled. Do everyone a favor and get out in a single clip. It’s better for everyone, including you."

And just like that, BigMAMA, aka Philip, took the advice. He one-clipped $46,857 worth of OdinDog, sending the price plummeting to 248 sats.

Quick-thinking buyers snapped up the bargain, and now the floor is sitting around 350 sats, overtaking the controversial OdinApe for the number one spot once again.

Nicely done, BigMAMA. From villain to hero in one gigantic clip.

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.