Memes coming to Bitcoin?Recently, a Bitcoin native memecoin called “PUPS” has been making waves on social media, attracting significant attention. One factor contributing to this buzz is the significant surge in the price of PUPS.
Over the last 24 hours, for instance, the price of PUPS skyrocketed by 234.3%. At the time of writing, PUPS was trading at $19.97.PUPS stands as a testament to the burgeoning memecoin culture within the Bitcoin ecosystem. Launched in March 2023, it predates the official Bitcoin Puppets collection, establishing itself as the OG memecoin. The free mint airdropped to the “OPIUM ordinal community” quickly gained traction, becoming a massive in-joke within the community.
Due to the hype around PUPS and the Rune network, PUPS is being touted as the “WIF” of Bitcoin. Only time will tell whether PUPS can live up to the hype or whether it’s all bark and no bite for the memecoin.Mainstream memecoins such as DOGE, PEPE, and WIF did not have the same luck as PUPS in recent days. In fact, the price for all of these tokens declined over the past week.Niche memecoins such as BODEN on the Solana network did relatively well though, appreciating by 85% over the last 7 days.