The first bitcoin blockchain memo token grew by 1200% in a week

PUPS token, which bills itself as «the first meme-coin on the Bitcoin network BTC $95,978.35 Bitcoin -1.10% Market capitalization $1.9 trillion VOL. 24 hours $2.41 billion ," experienced an explosive price increase over the past week. A number of factors contributed to this, including the upcoming launch of the Runes protocol. Over the weekend, the rate of the BRC-20 meme coin PUPS jumped by more than 70%.

According to the analytical tracker CoinMArketCap, at the time of writing, PUPS has fallen by almost 9% and is trading at $ 69.43. The total amount of coins circulating on the market is $ 539.6 million. Traders made daily trading deals worth $ 7.2 million. Over the week, the value of the asset rose by 1,221%.

According to CryptoSlam, the PUPS collection of non-fungible tokens (NFTs) has become the leader in terms of daily trading volume, reaching $ 14.4 million.

PUPS is now an experimental BRC-20 token on the BTC blockchain. After the halving scheduled for April 20, the developers are planning to migrate the asset to the Runes protocol.

The creator of Ordinals, Casey Rodarmore, announced the launch of Runes back in September last year. According to him, tokens based on the new protocol will be a «simpler» alternative to the complex BRC-20 standards.

As a reminder, the Solana blockchain meme coin, Kitty Queen Coin, is expected to grow by 10,000% by the end of April. KITQUE is one of the most interesting meme coins on Anatoliy Yakovenko’s blockchain, which has the potential to eventually challenge the popular Book of Meme (BOME) and Pepecoin (PEPE) meme tokens. PEPE and BOME brought huge profits to their first investors as they grew rapidly and became a kind of mainstream in the crypto community.