\n
<\/p>\n
Bitcoin meme coin Pups is up 1,056% for the week, days before the Bitcoin halving and the concurrent launch of the Runes protocol. Pups began the week at $22.50 before surging 44% on Tuesday. With a max supply of 7.7 million, Pups has passed $365 million in market capitalization.<\/span><\/p>\n While Pups (PUPS) is up over 1,000% and trading at $41.89, according to CoinGecko, the Ordinals inscription project that launched a year ago is up 119,813.7% since the beginning of the year.<\/p>\n Pups is the first memecoin on Bitcoin.<\/p>\n Pups is the first BRC-20 airdrop on Bitcoin.<\/p>\n Pups is migrating to Runes with a BRC20 and Ordinal pre-rune as mint\/burn:BRC20 Pups – 77%Rune Puppets – 23%<\/p>\n Marketplace:https:\/\/t.co\/vo2L6QRzcx<\/p>\n NFA, it\u2019s just a json file on Bitcoin.<\/p>\n \u2014 Pups (@PupsToken) March 9, 2024<\/p>\n<\/blockquote>\n<\/div>\n \u201cJust bought the wif of Bitcoin bros,\u201d viral crypto trader Ansem said on Twitter, referring to the Dogwifhat meme coin.<\/p>\n According to the Pups team, the token that started on BRC-20 will convert to the Runes protocol later this month when the Bitcoin halving occurs.<\/p>\n \u201cMigrating to [Runes], which is far more decentralized than BRC-20, feels like the Bitcoin way,\u201d a Pups spokesperson told Decrypt. \u201cAs the creator of Ordinals builds Runes and is under the protocol itself, it means that everyone indexing [Ordinals] is by default indexing runes tokens themselves.\u201d<\/p>\n This puts a decentralized state for ordinals (NFTs) and tokens (Runes) under one roof, they continued.<\/p>\n Ansem\u2019s tweets around Pups even got the attention of digital artist Beeple, who immortalized Ansem, Dogwifhat, and Pups in a digital painting.<\/p>\n \u201cIt’s Ansem’s world, and we’re all just living in it,\u201d Beeple wrote on Twitter.<\/p>\n For its part, Dogwifhat (WIF) is $3.67, up 1.5% on Wednesday. However, the popular Solana meme coin is down 0.1% for the week, along with much of the Solana meme coin market.<\/p>\n Other dog-themed cryptocurrencies are also struggling this week. Ethereum-based meme coin Floki is\u00a0 trading at $0.00019, down 1.2% for the week, while the Solana meme coin Bonk is priced at $0.00002, down 0.4% for the week.<\/p>\n The floor price of a Pups token inscription is currently $46 on UniSat. When asked about the sudden surge of interest in the Pups token, the spokesperson said it\u2019s all about owning a good meme.<\/p>\n \u201cBeing the unofficial community token tied to the meme, there was nothing forced about it, and there\u2019s no meme coin on Bitcoin that ever gained attention with memetics,\u201d they said. \u201cI think it came at the perfect time of innovation, meme coin supercycle. and Bitcoin being the largest chain.\u201d<\/p>\n Pups is only one entry in a growing ledger of projects surging in popularity in advance of the joint Bitcoin and Runes milestones coming next week. Amid the hype, some in the community are pressing for a rational perspective on all the rising numbers.<\/p>\n\n