Summary
TLDR: Bitcoin meme coin Pups has surged 1,056% for the week ahead of the Bitcoin halving and Runes protocol launch. Pups started at $22.50 and is now trading at $41.89 with a market cap of $365 million. It is the first memecoin on Bitcoin and is migrating to Runes. Other dog-themed cryptocurrencies are struggling this week. Community members caution against getting caught up in the hype and remind people that gains are not real until assets are sold.
Key Points
1. Bitcoin meme coin Pups has surged 1,056% for the week, reaching a market capitalization of over $365 million with a max supply of 7.7 million.
2. Pups is the first memecoin on Bitcoin and the first BRC-20 airdrop on Bitcoin, currently trading at $41.89.
3. Pups is migrating to the Runes protocol with a BRC20 and Ordinal pre-rune as mint/burn, showcasing a decentralized state for NFTs and tokens under one roof.