PUPS Pups (Bitcoin) Rank #2265

PUPS is a meme-inspired token rooted in the Bitcoin ecosystem, originally created by the community behind the Bitcoin Puppets NFT collection on the Ordinals protocol. It originated in April 2023 as one of the earliest BRC-20 tokens, taking advantage of Bitcoin's first fungible token standard, before later migrating to the Runes protocol, a more efficient framework for issuing fungible assets directly on the Bitcoin network. The project carries the cultural hallmarks of a meme coin, combining humor, artwork, and a lighthearted message centered on positivity and world peace. Its identity is closely tied to the Bitcoin Puppets community, giving it a recognizable origin within the broader Ordinals and Bitcoin art movements. By transitioning from BRC-20 to Runes, PUPS positioned itself among the early adopters of the newer Bitcoin token standard, distinguishing it from tokens that remained on earlier formats. In practice, PUPS functions primarily as a community-driven meme asset, valued for its cultural affiliation with the Bitcoin Puppets phenomenon rather than for a specific utility or financial application.