“Pups Crypto, the initial ‘meme’ coin of Bitcoin on the Runes Protocol, is experiencing a significant increase in its popularity.”

The value of the meme coin PUPS (PUPS) has experienced a notable surge, rising by 50% in the last 24 hours due to excitement surrounding the upcoming Runes protocol. This protocol’s goal is to improve the efficiency and affordability of Bitcoin’s BTC/USD transactions.

At present, PUPS holds a market capitalization of $516 million, making it the third-largest token based on Bitcoin, following ORDI and SATS. In terms of trading, PUPS has surpassed all other NFT collections, with a trading volume exceeding $11 million. This puts it ahead of popular collections such as NodeMonkes, whose trading volumes were $1 million.

Initially launched as an Ordinals token, PUPS plans to shift to the Runes protocol after Bitcoin’s halving event. The token’s remarkable performance, including a 1,000% rise in the last week, solidifies its position as the leading meme coin on Bitcoin, driving its popularity and appeal.

The Runes protocol is scheduled to be activated after the upcoming Bitcoin halving. Its aim is to enhance the current Ordinals protocol by using the Unspent Transaction Output (UTXO) model, making it simpler to create, name, and transfer digital assets within the Bitcoin network.

Both the Ordinals and Runes initiatives are headed by veteran Bitcoin developer Casey Rodarmor, whose reputation provides credibility and trustworthiness to these projects. Rodarmor emphasizes that the Runes protocol is designed for “degens and meme coins,” highlighting its user-friendly design, efficiency, and security.

The introduction of the Runes protocol has become a major topic of discussion in the digital asset community, especially with the approaching Benzinga’s Future of Digital Assets conference. This event will explore how innovations like Runes shape the landscape of digital currencies and blockchain technology.

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