Bitcoin meme coin PUPS jumped by 55% in 24 hours amid the upcoming Runes protocol launch.
In response to CoinMarketCap, the PUPS meme coin has surged practically 55% prior to now 24 hours, peaking at over $174 and at the moment sitting at $72.
The market capitalization of PUPS stands at roughly $563.75 million, up 48.67% in 24 hours. Buying and selling exercise, with the quantity over the previous 24 hours rising by 387.38% to achieve $31.37 million.
“Examine pups. Examine the primary meme coin on the world’s oldest blockchain.”
Ansem, crypto dealer and advocate for Pups
The heightened curiosity in PUPS is pushed by the upcoming launch of Runes. The protocol introduces a novel UTXO (Unspent Transaction Output)- based mostly fungible token system to the Bitcoin blockchain, aiming to simplify the creation and administration of tokens. The BRC-20 token is about to transition to Runes later this month because the protocol turns into obtainable alongside the Bitcoin halving.
Runes focuses on a streamlined method that minimizes blockchain bloat and simplifies person interplay, making it a pretty various to BRC-20 and doubtlessly fostering broader adoption and innovation inside the Bitcoin group. The transition and the overall pleasure surrounding the Runes protocol possible fueled final week’s 1,056% rise within the PUPS’s worth.