PUPS Token Experiences 40% Plummet Due to BRC-20 and Runes Hype

The PUPS token recently reached its peak price of $95.02 on April 13, showing a 53.5% increase from its current price. In contrast, the token’s lowest recorded price was $0.03513 on Jan. 26. Since then, its value has surged by an astonishing 125,000%. Over the past week, PUPS has shown a strong performance, rising by 18.4%.

This outperforms the general crypto market, which experienced a 12.3% decrease. The planned transition to Runes is set for later this month, coinciding with the Bitcoin halving event and the launch of the new Runes protocol. However, the recent negative price movement follows a rapid 1,056% surge in the PUPS token’s value last week, driven by anticipation of these upcoming events.

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