### Detailed Analysis of the Tongue Cape
The **Tongue Cape** is a unique and cosmetic reward initially released during the *Oddments Store Promotions* around late 2020. It became a highly sought-after item due to its playful design, rarity, and its appeal to collectors. The cape was meant as a whimsical addition to RuneScape's extensive library of cosmetics, but it soon found a place as an investment and flipping tool due to its growing scarcity over time.
#### Release Date and Initial Distribution:
- **Release:** Late 2020, tied to holiday-themed events and treasure hunter exclusivity.
- **Rarity:** Moderately rare on release but has since gained *high scarcity* as it hasn't been directly re-released through Treasure Hunter or Oddments since.
- **Scarcity Drivers:** The lack of direct re-releases and movement toward exclusive cosmetics tied with oddments/legacy events has sustained demand for the item among collectors.
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### Price Trends and Historical Impact:
#### Historical Price Overview:
- Initially obtainable via events, its trading prices stabilized at around **75M-125M GP** in early-moderate 2021.
- Post-GE Inflation (e.g., rollback dupe, 2021-01-11): Prices spiked to **~185M GP** by January 2021.
- *Wider Treasure Hunter Exploits/Flood Cycle:* Item availability caused contractions over 2023-24; even during good Merch-charts, peak coordinates downward saw more impacts.
Ely Intelligence Analysis