CandleFocus Ethereum NFT Project Sends DECENTRALIZED to Satoshi, Token Plunges 25%
2024-09-07
Author: Content Editor
The Ethereum-based NFT project Rune 2, created by CyberKongz, has announced its full decentralization by sending Rune 2 to Satoshi Nakamoto's wallet and withdrawing from the project. This move caused a 25% drop in the value of the project's native token, DECENTRALIZED. DECENTRALIZED was launched to represent the decentralized culture and ethos of Bitcoin on April 20, 2024. The project began as a collection called "Prometheans" and was airdropped to selected communities and CyberKongz holders. The team revealed that the project cost them over $1 million but emphasized that it was not driven by financial gain. The sudden withdrawal of the team and uncertainties surrounding the project's future led to the decline in token value.
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