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  • ExtraOrdinal Daily #170 | Magic Eden Slingshot Runes Out of the Bear Fog

ExtraOrdinal Daily #170 | Magic Eden Slingshot Runes Out of the Bear Fog

10th April 2025 ||| Issue #170
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Table of Contents

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Todays Top Stories

Magic Eden Slingshot Runes Out of the Bear Fog

Yesterday it was teased that Magic Eden had a huge announcement to make, which would be revealed in an X Space…. and it turned out to be a big one!

The NFT and token platform has officially acquired Slingshot, the mobile-first crypto trading app, who just so happened to be teasing some announcements of their own in the lead-up. Who would’ve thought it!?

Actually, not too many. The news came as an extremely welcome surprise after what’s felt like months of flat progress, not just in Runes but across the entire space. After the hellbomb that was $LIBRA and “tariffs tariffs tariffs” dominating the timeline for what feels like 10,000 years now, this hit the spot nicely.

On the surface, it already sounds like great news. But once you dig into what this actually means, it gets even better.

Magic Eden CEO Jack Lu followed up the official announcement with some comments of his own:

“Today’s the last day you ever need to think about chains.”

He went on to say that they’ve essentially solved the holy grail of crypto UX: seamless trading, regardless of chain, with no bridging needed.

“With Slingshot’s chain abstraction, you will have ONE Universal Balance to trade ALL ASSETS.”

Massive implications for Runes enjoyers!

Why so? It removes one of the biggest frictions, the hesitation around spending precious BTC. With this move, users will be able to seamlessly trade from USDC, ETH, SOL, whatever, directly into Runes. No more excuses!

The Runes market reacted predictably well, presumably with people frontrunning the expected onboarding of the protocol to Slingshot, something they recently teased could be coming as soon as next week.

Add to that the news that the tariff saga might actually be on pause (for 90 days at least), after a temporary halt was put in place by the White House, and indeed, yesterday was the kind of day we sorely needed after a long stretch of pain.

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Daily Bites: Today’s Top Articles

Todays Markets

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

Ordinals

After a disastrous day yesterday, with only one collection in the green out of the top 10, the rebound is in. Eight out of nine are moving up today, with OCM Katoshis exempt as it’s their first day of trading.

Prices are languishing however, with Orange Chips still at bargain basement prices.

Runestone leads with a 16% gain. It shows up in the top 10 pretty consistently, which is a wonder really considering there are no announced plans aside from the remaining two airdrops that should occur at an undetermined time. It’s a curious anomaly.

Runes

The day unsurprisingly belongs to Runes, and just look at that chart. Absolutely beautiful stuff.

$BRO has been on a tear, rising 159% since yesterday, making it today’s clear leader. It was only yesterday we mentioned how wild it is that just $20K can almost double a Rune’s value. To repeat, “it makes you wonder what we’ll see when something substantial in terms of volume actually returns.”

That said, $BRO outdid even that today, with only $12K of volume pushing that shift. Unreal!

Honourable mentions go to $SAIKO, up 60% (5.23K volume), $BIP up 48% (6.36K volume), and $BILLY up 43% (35K volume).

Really though, throw a dart at that chart and you’re likely to pick a winner. That is, unfortunately, apart from $RSIC which is inexplicably down 4%. News is needed there on Secrets before anything changes.

With all the attention on the OG Runes, OdinFun lost focus yesterday as shown in the chart.

Still, OdinDog remains resolute at an $11 million market cap, and OdinGold is up 10%. Most of the others are down, with the worst again being Forsetiscn, down 55.5% and barely hanging on in that 10th spot.

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.

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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!