Summary
TLDR: Bitcoin meme coin Pups surged 81% in 24 hours, sparking debate over whether it is the first meme coin on Bitcoin. Despite pushback from other projects, Pups team claims they are the first and will convert to a Rune token later this month.
Key Points
1. Rising Bitcoin meme coin Pups has surged almost 81% in the last 24 hours, starting at $46.92 and reaching above $86.94, fueled by a Twitter storm.
2. Despite claims of being the “first meme coin” on Bitcoin, Pups faced pushback from projects like MEME and others, leading to a narrative shift by the team.
3. Pups is set to migrate to Runes later this month, aligning with the launch of the Runes protocol and the Bitcoin halving, aiming for a more decentralized approach.