Original author: Weilin
原文来源:Panevslab
The price of PUPS, a puppet monkey token based on the BRC20 protocol in the Bitcoin ecosystem, has skyrocketed by 1,101% in the past week to $44.56, while some other BRC20 tokens, such as WZRD, W☮, ZBIT, $π, etc., have also experienced significant price increases, driving trading volumes higher.
PUPS is forming a new way to play the coin, and the matrix related to the puppet monkey IP has also received widespread attention, which has stimulated the BTC ecology together. The prices of other cryptocurrency hybrid projects SHID and HONK have also soared significantly. PUPs will also migrate to the Runes protocol, and these trends are seen as a prelude to the Bitcoin halving and the launch of the Rune protocol on April 20.
PUPS rose amazingly, up more than 1101% in a single week
PUPS, as a meme coin in the BTC ecosystem, is symbolically imaged as a puppet monkey wearing a hat. According to CoinGecko data, PUPS was quoted at $3.71 at 9 a.m. on April 4 and $44.56 as of April 11, an increase of more than 1,101%. With a maximum supply of 7.7 million PUPS, it currently has a market capitalization of over $357 million, making it the third largest token market cap in BRC20. PUPS is catching up with ORDI, with ORDI having a market capitalization of around $1.6 billion, while SATS, the second place, is around $1 billion.
Since Pups' image echoes Solana's meme coin dogwifhat, Ansem, a well-known KOL in the Solana ecosystem, also shouted for him: "I just bought Bitcoin Brother's wif," Ansem said on April 6.
Ansem's tweet about PUPS also caught the attention of artist Beeple, who immortalized Ansem, Dogwifhat, and Pups in a digital painting. Beeple tweeted: "It's Ansem's world and we're all just living in it. ”
Launched in March 2023, PUPS predates the official Bitcoin Puppets collection and became the representative of the OG meme coin. Its free airdrop to the "OPIUM ordinal community" quickly gained attention and was often ridiculed in the community. This airdrop is the first BRC-20 airdrop on Bitcoin and further solidifies PUPS's position in the BTC Ordinals space.
At the same time, the latest hot meme project of the BRC-20 ecology is in a very active state. As of 2 p.m. on April 11, the top 5 BRC20 projects on OKX in the past 24 hours by trading volume are: PUPS (43.208 BTC), W☮ (17.9041 BTC), NODE (12.3807 BTC), cats (10.0028 BTC), and wzrd (7.9443 BTC). In addition, ZBIT has also received a lot of attention.
Among them, WZRD is the token of the Bitcoin Wizard project, a Bitcoin Ordinal NFT project that celebrates the 10th anniversary of the original Bitcoin Wizard created by mavensbot. "Magic Internet Money" created by mavensbot is an iconic advertisement promoting Bitcoin. It was originally created by Mavensbot on the night of February 18, 2013, and quickly became the most popular ad on Reddit.
The other W☮ is themed on world peace, which is not only popular in the Chinese-speaking circle, but also has received a lot of attention from overseas users. ZBIT, on the other hand, is the token of the NFT project BTC Machine, which attempts to leverage Ordinals to build MMORPGs that represent digital assets and ensure immutability and ownership. Previously, the project announced that it would airdrop ZBIT tokens for Runestone holders. Other coin inscriptions in the ecosystem are also attracting more users, such as SHID, HONK, NODE, AMB, ushering in more "shouting orders".
SHID stands for the project
The "Puppet Empire" coin gameplay stimulates the BTC ecosystem
Currently, the inscriptions and tokens associated with puppet monkeys are very popular, forming a "puppet empire". The latest trend is the emergence of a new model represented by PUPS in the inscription market, namely the "IP matrix" gameplay. At the heart of this gameplay is the launch of a BRC20 token based on an Ordinals NFT. However, the launcher of this BRC20 token is not necessarily an NFT project, but more likely the initiator of the community.
相关的项目有Le Puppettes、Little Pups、Pixel Puppets等。
According to the Pups team, PUPS will migrate from BRC-20 to the Runes protocol later this month when the Bitcoin halving takes place. A Pups spokesperson said: "Migrating to Runes, it's more decentralized than BRC-20 and feels like the Bitcoin way. ”
Runes was developed by Casey Rodarmor, who is also behind Ordinals, which allows fungible tokens like meme coins to run on the Bitcoin network. Runes will land on the Bitcoin network after the highly anticipated halving.
Traditionally, meme coins have thrived on alternative blockchains like Solana because of their faster transaction speeds and lower fees. While Bitcoin is a bit of an unexpected situation due to its slower speed and higher transaction costs, PUPS exists on Bitcoin through the BRC-20 standard.
At present, it is interesting to note that PUPS itself has been cross-chained to the Solana chain, and is also considered by some users to be a bridge between Solana and the BTC ecosystem.