Meme coin PUPS (PUPS) has experienced a surge, climbing about 50% in the past 24 hours, amid heightened anticipation for the upcoming Runes protocol.
What Happened: The protocol promises to enhance Bitcoin‘s (CRYPTO: BTC) capabilities by making transactions faster and more cost-effective.
As of now, PUPS boasts a market capitalization of $516 million, positioning it as the third-largest Bitcoin-based token, following Ordi (ORDI) and Sats (SATS).
Trading activity for PUPS topped global sales and volumes across all NFT collections, according to Cryptoslam data, with more than $11 million in volumes.
This places it ahead of other Bitcoin Ordinals collections such as NodeMonkes, which also saw significant interest, accumulating volumes of $1 million.
PUPS, originally offered as an Ordinals token, plans to transition to the ...