Bitcoin Meme Coin ‘PUPS’ Skyrockets Amid Runes Hype – Could It Be the Next Big Thing?

• The meme coin PUPS has seen massive gains, fueled by anticipation surrounding the upcoming Bitcoin-based Runes protocol.
• Runes aims to enhance the functionality of Bitcoin NFTs and meme tokens, potentially disrupting established protocols.
• “Runes were built for degens and memecoins,” says developer Casey Rodarmor, driving speculative interest.

Discover why the Bitcoin meme coin PUPS is surging and how the Runes protocol could shake up the world of Bitcoin NFTs.

Bitcoin Meme Coins Rally Ahead of Runes Launch

The Bitcoin meme coin PUPS has soared over 1,000% in the past week as excitement builds around the imminent launch of the Runes protocol. Its market capitalization has surpassed $500 million, making it a dominant player among Bitcoin-based tokens. This surge dovetails with a broader resurgence of interest in Bitcoin NFTs.

What is the Runes Protocol?

Runes, set to debut after the Bitcoin halving, promises to optimize transactions and propel Bitcoin NFTs to the next level. Building upon the Ordinals concept, Runes employs a UTXO-based protocol for creating, naming, and transferring digital assets directly on the Bitcoin network.

The Vision of Casey Rodarmor

Esteemed Bitcoin developer Casey Rodarmor spearheads both Ordinals and Runes. This lends credibility to the projects, attracting traders eager to capitalize on the meme coin craze. Rodarmor explicitly targets the “degen” crowd with Runes, further fueling hype.

Potential Disruption in the NFT Space

Rodarmor envisions Runes as a formidable challenger to established protocols like Taproot Assets and RGB. Its simplicity, efficiency, and native Bitcoin integration make it a potentially disruptive force in the NFT landscape.

Conclusion

The PUPS meme coin’s meteoric rise signals the growing buzz around Runes and its potential to propel Bitcoin-based NFTs and meme coins to new heights. While still nascent, the Runes project holds promise and is one to watch for those with an appetite for speculation in the crypto space.