The cryptocurrency world is abuzz with the latest craze surrounding the rising Bitcoin meme coin, Pups. In the last 24 hours, Pups has seen an incredible surge of nearly 81%, starting the day at $46.92 and climbing above $86.94, as reported by CoinGecko. This meteoric rise has been fueled by a Twitter storm and the vocal support of viral crypto trader Ansem.
Ansem, a prominent figure in the crypto community, has been championing Pups as the “first meme coin” on Bitcoin, with a market cap that has recently surpassed $564,000. In a tweet, Ansem urged his followers to “study pups,” highlighting the significance of this new token on the world’s oldest blockchain.
However, not everyone is convinced that Pups holds the title of the first meme coin on Bitcoin. Some critics have pointed to projects like MEME as potential contenders for this distinction. Despite the pushback, Ansem remains steadfast in his support for Pups, dismissing other projects as not meeting the criteria of a true meme coin.
In response to the controversy, the team behind Pups has clarified their position, stating that they are “the first, not the first meme coin on Bitcoin.” This statement comes as Pups prepares to transition from a BRC-20 token to a Rune later this month, coinciding with the launch of the Runes protocol and the Bitcoin halving.
The decision to migrate to Runes is seen as a move towards greater decentralization, aligning with the ethos of Bitcoin. As the crypto world eagerly anticipates the upcoming changes, Pups continues to capture the attention of investors and enthusiasts alike.
With Pups experiencing a staggering 1,056% surge last week, all eyes are on this dynamic token as it navigates the evolving landscape of the cryptocurrency market. Stay tuned for more updates on this exciting development in the world of crypto.
Source: [Decrypt](https://decrypt.co/226028/bitcoin-pups-gains-amid-first-memecoin-controversy)
