The day Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z dominated the Runes world

Well yesterday was a pretty exciting day in the world of Runes and Rune #1, Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z, dominated the news cycle and made all of our transactions cost more, pretty much all day.

While Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z is the first Rune, it had a 99% premine which caused most people to stay away from it in the first few days of Rune minting. But for some reason, yesterday, activity picked up, and nobody could figure out why.

Speculation ran rampant and by the afternoon Twitter/X was full of tweets with people sharing their thoughts on what could possibly be causing all the excitement. Here's a few highlights you can read if you want to see where the speculation went:

After a little while we all started to discover an account on Twitter/X - @RuneFehu, that appeared to be the people behind Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z. They had a pinned post from Saturday that said the following:

Yesterday @RuneFehu jumped in to share their plans for the Rune which really set things off:

After seeing all the speculation, and the tweets from @RuneFehu, yes, even though fees were high and all my MC calculations told me not to buy, I couldn't help myself, and I minted Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z. This is one of the first mints I've done where it doesn't follow my thesis, and feels like a terrible deal, but also felt like something I absolutely couldn't miss.

I think just the fact that it's Rune #1 makes Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z something special, and since they spent a small fortune to etch the Rune, and there's a team behind it, how could I not own some?

When I woke up this morning, I saw exactly what I was expecting, Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z had minted out.

So what happens next? Your guess is as good as mine. What I can say is whatever happens, it's going to be pretty darn interesting. I will continue to share updates here as the story around Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z continues to evolve.