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The rising Bitcoin meme coin Pups has surged nearly 81% in the past 24 hours, according to CoinGecko. It started the day at $46.92, rose above $86.94 and ignited a Twitter storm.
Viral Cryptocurrency Trader Ansem He was an avid supporter of Meme Coin, whose market capitalization recently surpassed $564,000. “You study bastards,” he said. Posted on Twitter. “Study the first meme coins on the world’s oldest blockchain.”
Many token supporters, as well as the official Pups website, have branded the token as Bitcoin’s “first meme coin.” But there was some protest against this from those pointing NanaUse other projects first.
It was a valiant effort, but Bitcoin’s first memecoin $meme. This is the first token distributed after Domo created the protocol: $ordi distribution. $meme There are even two Ordinal collections, one of which is less than 1M. But we love friendly brc20 competition! pic.twitter.com/9VCLRIdTDK
Ansem acknowledged that such a project exists, but rejected it as a meme coin. “So it only matters if it’s funny first,” one Twitter user responded.
Ansem did not hesitate to give a colorful answer.
“Listen carefully I have never seen another memecoin on BTC. I have seen the words and letters you want to call them in black and gold text IRDC,” he wrote in reply.
This backlash led the team to distance themselves from the story. Proverb“We are the first meme coin, not the first Bitcoin.”
We issue a public statement:
We are the first memecoin, not the first of Bitcoin.
Pups is currently a BRC-20 token, but will be converted to Rune later this month once the protocol becomes available upon halving.
“A migration to (Runes), which is much more decentralized than BRC-20, feels like the Bitcoin way,” a Pups spokesperson said. decryption. “The runes are built by the authors of the Ordinals and belong to the protocol itself, so anyone indexing them (Ordinals) essentially means they are indexing the rune tokens themselves.”
This comes after the token surged 1,056% last week in anticipation of Bitcoin halving and the simultaneous launch of the Runes protocol, a new Bitcoin token standard designed for poopcoins.
Edited by Stacey Elliott.
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