随着向 Runes 协议过渡的临近，PUPS 代币暴跌 40%

PUPS Token Plunges 40% Amid Transition to Runes Protocol

向 Runes 协议过渡期间，PUPS 代币暴跌 40%

[City, Date] - The BRC-20 token PUPS has experienced a sharp decline of approximately 40% in the past 24 hours, bringing its market capitalization to $348 million.

[城市，日期] - BRC-20代币PUPS在过去24小时内大幅下跌约40%，使其市值达到3.48亿美元。

Despite the recent drop, trading activity remains substantial, with a volume of $42.2 million over the same period. However, this represents a 6.10% decrease from the previous day, as per data from CoinGecko.

尽管近期有所下降，但交易活动依然活跃，同期交易量为 4220 万美元。然而，根据 CoinGecko 的数据，这比前一天下降了 6.10%。

PUPS reached its peak price of $95.02 on April 13, a significant 53.5% above its current value. The token's lowest recorded price was $0.03513 on January 26, following which its value has surged by over 125,000%.

PUPS 于 4 月 13 日达到峰值 95.02 美元，较当前价值大幅上涨 53.5%。 1 月 26 日，该代币的最低记录价格为 0.03513 美元，此后其价值飙升了 125,000% 以上。

Notably, PUPS has outperformed the broader crypto market in the past week, rising by 18.4% amidst a general decline of 12.3%. It has also surpassed similar meme coins, which have experienced a collective drop of 27.1% during the same period.

值得注意的是，PUPS 在过去一周的表现优于更广泛的加密货币市场，在总体下跌 12.3% 的情况下上涨 18.4%。它还超过了同期同类 meme 币的集体跌幅 27.1%。

According to data from Magic Eden, the Ordinals collection known as Bitcoin Puppets has a current floor of 0.37 BTC, equivalent to approximately $23,000.

根据 Magic Eden 的数据，被称为“比特币木偶”的 Ordinals 集合目前的下限为 0.37 BTC，相当于约 23,000 美元。

Transition to Runes Protocol

过渡到符文协议

The price volatility of PUPS coincides with the anticipation surrounding its impending transition to the Runes protocol, scheduled to occur later this month. This transition is expected to coincide with the Bitcoin halving event and the launch of the new Runes protocol.

PUPS 的价格波动与对其即将向 Runes 协议过渡的预期相吻合，计划于本月晚些时候进行。这一转变预计将与比特币减半事件和新的符文协议的推出同时发生。

Rune is designed as a fungible token alternative to the BRC-20 standard, aiming to minimize network congestion by discouraging the accumulation of unnecessary UTXOs (Unspent Transaction Outputs). The initiative has gained traction, with platforms such as Magic Eden and BitX supporting the trading and launch of Rune-related tokens.

Rune 被设计为 BRC-20 标准的可替代代币，旨在通过阻止不必要的 UTXO（未花费的交易输出）的积累来最大限度地减少网络拥塞。该计划已获得关注，Magic Eden 和 BitX 等平台支持 Rune 相关代币的交易和发行。

Runes protocol leverages a minimal on-chain footprint to enhance Bitcoin's functionality by directly integrating its UTXO model into Bitcoin's layer 1. This approach contrasts with the more congestive BRC-20 tokens derived from Ordinal Theory.

Runes 协议利用最小的链上足迹，通过将其 UTXO 模型直接集成到比特币的第 1 层来增强比特币的功能。这种方法与源自序数理论的更拥挤的 BRC-20 代币形成鲜明对比。

Controversy and Precursors

争议和前兆

Despite claims by its supporters and the official Pups website branding it as the first meme coin on Bitcoin (BTC), PUPS has faced some controversy. Critics have highlighted earlier projects, such as MEME, as potential predecessors.

尽管其支持者和 Pups 官方网站声称其是比特币 (BTC) 上的第一个模因币，但 PUPS 仍面临一些争议。批评者强调早期的项目，例如 MEME，是潜在的前身。

As noted by Xverse Wallet in a recent guide, Runes aims to provide a less congested alternative to BRC-20 tokens. The protocol is designed to integrate seamlessly with Bitcoin's UTXO model, potentially addressing concerns about network congestion and scalability.

正如 Xverse Wallet 在最近的指南中指出的那样，Runes 旨在为 BRC-20 代币提供一种不那么拥挤的替代方案。该协议旨在与比特币的 UTXO 模型无缝集成，有可能解决对网络拥塞和可扩展性的担忧。

The transition to Runes protocol represents a major shift for PUPS, and its impact on the token's value and market positioning remains to be seen. As the cryptocurrency landscape continues to evolve, the interplay between different protocols and their impact on digital asset valuations will undoubtedly draw close scrutiny from market participants.

向 Runes 协议的过渡代表着 PUPS 的重大转变，其对代币价值和市场定位的影响仍有待观察。随着加密货币格局的不断发展，不同协议之间的相互作用及其对数字资产估值的影响无疑将引起市场参与者的密切关注。