Bitcoin experiences an 81% increase in value while facing controversy over being the ‘First Meme Coin’ on the BTC network, according to Decrypt.

According to CoinGecko, the value of Pups, a meme coin based on Bitcoin, has risen by almost 81% in the last 24 hours, surpassing $86.94. Pups has gained traction on Twitter, with prominent crypto trader Ansem showing support. Nonetheless, there has been a discussion about whether Pups can truly be considered the first meme coin on the Bitcoin platform, as other similar projects like MEME have also been mentioned. Ansem defended Pups as the original meme coin and emphasized that the project should not be associated with that narrative. Although currently a BRC-20 token, Pups is scheduled to convert to the Rune protocol later this month. Last week, the token experienced a significant increase in value in anticipation of the upcoming Bitcoin halving and the launch of the Runes protocol.