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The rising Bitcoin meme coin pops up nearly 81% in the past 24 hours, CoinGecko reports. It started the day at $46.92 before breaking above $86.94, with a Twitter storm to fuel the fire.
Viral crypto trader Ansem is a vocal supporter of Meme Coin, which recently crossed a market cap of $564,000. “Study puppies,” he tweeted. “Study the first meme coin on the world's oldest blockchain.”
Many supporters of the token – as well as the official Pups website – have named it “the first meme coin” on Bitcoin. But there was some pressure on this from people pointing to MEME and other projects like the beginning.
Ansem acknowledges the existence of these projects but dismisses them as meme coins. “So it only matters if it's funny to you first,” one Twitter user replied.
Ansem didn't hold back in his brilliant rematch.
“Listen you cockmancer I don't see any other memecoins on BTC I see words and letters in black and gold IRDC text whatever you guys want to call it,” he wrote in his reply.
This response led the team to distance themselves from this narrative, “we are the first not to be the first coins on Bitcoin.”
While Pups is currently a BRC-20 token, it will be converted to Rooney at the same time after the protocol is deprecated.
“Emigrate to [Runes]It feels way more decentralized than BRC-20, like Bitcoin,” a Pups spokesperson told Decrypt. “The creator of the Ordinals built the Runes and it is under his own protocol, which means that everyone is indexed. [Ordinals] By default, the runes are the tokens themselves.
This comes after the token skyrocketed 1,056% last week, anticipating the simultaneous launch of the Bitcoin halving and the Runes protocol – a new Bitcoin token standard designed for shitcoins.
Edited by Stacy Elliott.
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