The world of meme coins continues to evolve at a rapid pace, with PUPS•WORLD•PEACE (PUPS) emerging as one of the most talked-about assets in the Bitcoin ecosystem. Originally launched as a BRC-20 token, PUPS has undergone significant transformations — from protocol migration plans to explosive price rallies and growing institutional interest — making it a key player in the evolving landscape of blockchain-based digital collectibles and decentralized finance.
This article dives deep into the latest developments surrounding PUPS, analyzing real-time price movements, whale accumulation patterns, technical indicators, and the impact of the highly anticipated Runes protocol on market sentiment and valuation.
The Rise of PUPS in the Bitcoin Ecosystem
PUPS•WORLD•PEACE began as a meme-inspired digital asset tied to pixelated monkey avatars inscribed on the Bitcoin blockchain via the Ordinals protocol. As one of the earliest BRC-20 tokens, it gained traction for its cultural resonance and community-driven development model.
Over time, PUPS transitioned beyond mere meme status, becoming a symbol of innovation within Bitcoin’s expanding tokenization layer. With increasing adoption across decentralized exchanges and NFT marketplaces, PUPS has demonstrated strong network effects and sustained trading volume.
Recent data shows that PUPS ranks among the top three BRC-20 tokens by market capitalization, trailing only ORDI and SATS. Its integration with the Runes protocol — a UTXO-based fungible token standard developed by Casey Rodarmor — has further amplified investor interest.
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Market Momentum: Key Price Movements & Whale Activity
April 2024: A Surge in Trading Volume and Investor Confidence
In mid-April 2025, PUPS experienced a dramatic surge in both price and trading activity. On April 13, Solana-based trading platforms reported that PUPS achieved over $127 million in 24-hour trading volume, placing it second only to WIF among Solana meme coins.
This momentum was fueled by speculation around the upcoming Runes protocol launch, which promised more efficient token management and reduced network congestion. During this period, PUPS spiked to an intraday high of **$174**, marking a 55% gain within 24 hours before settling around $72.
On April 12, the coin broke through the $85 resistance level**, reaching a new all-time high with a 24-hour surge exceeding **77%**. At that point, its market cap hit **$663 million, highlighting growing institutional and retail interest.
Whale Accumulation Signals Strong Long-Term Sentiment
Large-scale investors — commonly referred to as "whales" — have played a pivotal role in shaping PUPS’ market dynamics.
One notable investor, paulo.sol, has emerged as a dominant figure in the Solana meme coin space. Since April 11, 2025, paulo.sol invested $5.97 million at an average price of $59 to acquire 101,712 PUPS tokens, making them the largest holder of PUPS on the Solana network.
Additionally, another whale spent $2.88 million** to purchase **54,161 PUPS tokens** at an average cost of **$70 per token, using holdings in BODEN and WIF as payment. This strategic accumulation suggests confidence in PUPS’ long-term potential despite short-term volatility.
Such moves not only bolster market liquidity but also signal trust in the project’s roadmap, particularly its migration from BRC-20 to the Runes protocol.
Protocol Shift: Migration from BRC-20 to Runes
A defining moment for PUPS came in May 2025 when the development team announced plans to migrate from the BRC-20 standard to the Runes protocol. Unlike ERC-20 or BRC-20 systems, Runes leverages Bitcoin’s UTXO model for greater scalability and lower transaction fees.
Initially, concerns arose over user participation due to issues with the ordkit claiming interface, which prevented some Rune Puppets (ordinal) holders from accessing their tokens. However, developers confirmed that these technical hurdles had been resolved.
Crucially, the team emphasized that a migration deadline would soon be announced, after which any unclaimed or unmigrated tokens would be permanently burned. This creates urgency for holders to act while reinforcing scarcity mechanics that could support future price appreciation.
It's important to note that this deadline applies exclusively to Rune Puppets (ordinal) and does not affect wrapped BRC-20 versions on Solana or other ecosystems.
Technical Outlook: Can PUPS Sustain Bullish Momentum?
As of recent analysis, PUPS exhibits mixed but generally optimistic technical signals:
- The Relative Strength Index (RSI) rebounded from oversold territory (30) to above 50, indicating renewed buying pressure.
- A descending triangle pattern previously suggested bearish continuation, but recent breakout attempts indicate possible bullish reversal.
- Support levels are holding near $13.29, with active buying observed at this zone.
- Analysts project potential resistance targets between $180 and $200.68 if bullish momentum sustains through Q2 2025.
However, traders should remain cautious. High volatility is inherent in meme coins, and sudden sell-offs can occur without warning. Risk management strategies such as stop-loss orders and position sizing are essential for navigating this space.
Broader Market Context: Runes Ecosystem Growth
PUPS is not alone in driving value within the Runes ecosystem. According to GeniiData:
- Total Runes market cap surpassed $1.34 billion in October 2025.
- The top three projects — DOG•GO•TO•THE•MOON, PUPS•WORLD•PEACE, and RSIC•GENESIS•RUNE — collectively account for over 60% of total market share.
- DOG leads with a valuation of $539 million**, followed by PUPS at **$181 million.
This concentration highlights network effects within early-mover projects and underscores the importance of brand recognition and community strength in determining long-term success.
Moreover, Bitcoin ordinals-based assets saw broad gains in September 2025, with PUPS recording a single-day increase of 68.9%, outperforming peers like BILLION•DOLLAR•CAT (+45.3%) and DOG (+30.3%).
Frequently Asked Questions (FAQ)
What is PUPS•WORLD•PEACE?
PUPS•WORLD•PEACE (PUPS) is a meme cryptocurrency launched on the Bitcoin blockchain using the Ordinals protocol. It features pixel-art monkey avatars and operates under the BRC-20 standard, with plans to fully transition to the Runes protocol for enhanced efficiency.
Is PUPS migrating to a new blockchain?
No, PUPS is not changing blockchains. Instead, it is upgrading its token standard from BRC-20 to Runes — a new fungible token framework built directly on Bitcoin’s UTXO architecture. This improves scalability without leaving the Bitcoin network.
What happens if I don’t migrate my PUPS tokens?
If you hold Rune Puppets (ordinal) and fail to complete the migration before the official deadline, your tokens will be permanently destroyed (burned). It's crucial to follow official channels for migration instructions.
Who are the major holders of PUPS?
Prominent wallet addresses like paulo.sol have accumulated large positions in PUPS. As of April 2025, paulo.sol holds over 100,000 PUPS tokens, making them the largest known holder on Solana.
How does the Runes protocol benefit PUPS?
The Runes protocol reduces transaction fees, simplifies token creation, and enhances security by leveraging Bitcoin’s native UTXO model. For PUPS, this means faster transfers, lower costs, and improved long-term sustainability.
Where can I trade PUPS safely?
PUPS is listed on multiple decentralized exchanges across Solana and Bitcoin layers. For secure trading with advanced tools and deep liquidity, consider trusted platforms that support Runes-compliant assets.
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Final Thoughts: Is Now Too Late to Invest in PUPS?
While some speculate whether entering now is “too late,” history suggests that early adoption isn’t always limited to launch phases. Projects like PUPS continue evolving — especially during major upgrades like protocol migrations — creating new entry points for informed investors.
With strong whale support, growing ecosystem integration, and alignment with cutting-edge Bitcoin innovations like Runes, PUPS remains a compelling asset in the expanding universe of on-chain culture and decentralized value transfer.
Whether driven by nostalgia, speculation, or belief in Bitcoin’s next evolutionary phase, participants in the PUPS movement are contributing to a broader narrative: the decentralization of digital identity and ownership.
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