Bitcoin meme coin PUPS jumped by 55% in 24 hours amid the upcoming Runes protocol release.
Based on data from CoinMarketCap, the price of the PUPS meme cryptocurrency has risen by approximately 55% in the last 24 hours, reaching a high of around $174 before settling at its current value of roughly $72.
PUPS has a market value of around $563.75 million now, representing a 48.67% surge in the last 24 hours. The stock’s trading volume has significantly jumped by 387.38%, resulting in approximately $31.37 million worth of transactions during this period.
“Study pups. Study the first meme coin on the world’s oldest blockchain.”
Ansem, crypto trader and advocate for Pups
There’s growing excitement about PUPS due to the imminent debut of Runes. This new protocol brings an innovative UTXO-centric system for creating and administering fungible tokens on the Bitcoin network. The BRC-20 token is scheduled to move to Runes by the end of this month, coinciding with the Bitcoin halving and the protocol’s official release.
Pups is the first memecoin on Bitcoin.
Pups is the first BRC-20 airdrop on Bitcoin.
Pups is migrating to Runes with a BRC20 and Ordinal pre-rune as mint/burn:
BRC20 Pups – 77%
Rune Puppets – 23%Marketplace:
NFA, it’s just a json file on Bitcoin.
— Pups (@PupsToken) March 9, 2024
Runes offers a sleek method by reducing bloat in blockchain and enhancing user experience, making it an alluring choice over BRC-20 and possibly driving broader acceptance and progress within the Bitcoin crowd. The shift towards Runes and the ensuing buzz around its technology may have contributed to the remarkable 1,056% increase in PUPS’s worth over the past week.
Runes 101: An Introduction to Runes and Pre-Runes
— Luminex (@luminexio) April 12, 2024
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2024-04-12 19:25