NFT veteran CyberKongz enters runes space, drawing attention as Pre-Runes trend surges amid hidden risks
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NFT veteran CyberKongz enters runes space, drawing attention as Pre-Runes trend surges amid hidden risks
Pre-Runes玩法 is growing increasingly popular, becoming a key area for capital accumulation due to its strong expectation of mining profits.
Navigating Web3 tides with focused insightsBy Nancy, PANews
The upcoming Runes protocol is becoming a key focus for the market. Franklin Templeton, an asset management giant with over $1.5 trillion in assets under management, recently published content introducing the protocol, and several established projects are already leveraging it to launch new narratives.
Recently, the Ethereum blue-chip NFT project CyberKongz announced it will launch a Pre-Runes series called Prometheans on the Bitcoin network, distributing them via airdrop to holders of CyberKongz and the Ordinals community. Meanwhile, Pre-Runes have grown increasingly popular, attracting significant capital due to strong expectations around future token mining.
Launching the Runes Project Prometheans: Free Airdrop Targeting NFT Holders and the Ordinals Community
According to official information from CyberKongz, Prometheans represent the highest-tier collection within the CyberKongz universe, with a total supply of 21,000 tokens. The design integrates geometric shapes, crop circle legends, Nyah characters, the Bitcoin clock concept, and philosophical ideas. The runes serve as a catalyst merging CyberKongz's knowledge, history, and values with Bitcoin.
The free airdrop of Prometheans will take place next week. In addition to allocating 15% to CyberKongz holders, the project has reserved 85% (17,850 tokens) for the Ordinals community as a gesture of respect and appreciation for Ordinals culture. According to CyberKongz, eligible communities include Runestones, Ordinal Miners, Goosinals, Quantum Cats, Bitcoin Puppets, Blob, and Ordinal Maxi Biz (OMB).
To ensure fair distribution, CyberKongz developed a custom script that collects three data points from each selected community: wallet address, inscription details, and last transfer time. The airdrop prioritizes wallets with the longest holding periods—the longer an Ordinal has been held, the higher the chance of receiving a Prometheans airdrop.
Originally launched on Ethereum in 2021, CyberKongz gained popularity during the NFT boom thanks to innovative mechanics such as breeding and its social token $BANANA. At its peak, its floor price surpassed 100 ETH, rivaling CryptoPunks. However, according to the latest data from NFT Price Floor, as of April 16, CyberKongz’s floor price had dropped to 10.7 ETH—a decline of over 91.7% from its all-time high.
In fact, CyberKongz's prolonged downturn reflects broader challenges facing the Ethereum NFT market today. Many NFT projects have attempted various strategies to reverse declining prices, but whether CyberKongz can revitalize itself through its move into the Runes space remains uncertain.
Pre-Runes Show Strong Headline Effects, but Pre-Mining Carries Risks
As CyberKongz enters the Runes ecosystem, the Pre-Runes model it employs has also become a major strategic direction in the current Runes market.
According to data from Magic Eden, as of April 16, there are more than 30 projects in the Pre-Runes category, including popular ones like Runestone, Rune Pups, RSIC METAPROTOCOL, Tiny Vikings, and RuneX: UNNAMED.
Overall, however, capital and liquidity in the Pre-Runes space remain heavily concentrated among top projects. Runestone, firmly leading the pack, boasts a market cap exceeding $530 million—far ahead of others. Most Pre-Runes projects have market caps and trading volumes below $10 million, with fewer than 10,000 unique holder addresses.
Moreover, many participants have pointed out that this pre-mining approach may prematurely exhaust market expectations for Runes. With numerous low-quality projects entering the space, and the Runes protocol not yet officially launched, these Pre-Runes do not qualify as true runes. Additionally, since the Runes protocol has not released specific distribution rules, Pre-Runes mining tools or NFTs function more like "trust tokens," deriving value solely from user confidence. There remains considerable uncertainty regarding whether project teams will actually distribute Runes tokens as promised, and risks such as being "reverse-rugged" amid high gas fees persist.
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