PUPS (Bitcoin) (PUPS): What It Is and Risks

PUPS (Bitcoin), ticker PUPS, is a community meme token associated with the Bitcoin Puppets NFT community. Its stated theme is spreading peace through art and positive messages. It is part of the Bitcoin ecosystem, but it is not Bitcoin itself and does not secure the Bitcoin network or pay its transaction fees.

PUPS first appeared as a BRC-20 token on Bitcoin in April 2023. The project later moved to the Runes standard on Bitcoin. PUPS is also listed as issued on Solana, but the details of how the Solana version relates to the Bitcoin token are not specified here. When researching or transferring PUPS, check which chain and token standard a wallet or trading venue supports; tokens with the same ticker are not necessarily interchangeable.

The project describes PUPS chiefly as a meme and community asset. Its publicly stated purpose centers on Bitcoin Puppets art and a peace-themed message. No specific role in governance, staking, payments, or access to a dApp is established, so those functions should not be assumed.

Like other meme tokens, PUPS may be held or traded by people who want exposure to its community and market activity. That does not give holders a claim on a company, revenue, or a guaranteed service. A token’s ticker and online branding also do not prove that a particular asset is official. Before acting, verify the token standard and identifier through a reliable project source and make sure they match the asset shown in your wallet or trading venue.

The stated maximum, total, and circulating supply are each 1 billion PUPS. This means the reported supply has no additional amount left under the stated maximum, though token balances and supply reporting can differ between versions or chains. Check the specific Bitcoin or Solana asset before relying on a supply figure.

As of 2026-11-05, PUPS had a reported market capitalization of about $3.0 million and 24-hour trading volume of about $6,838. These are snapshots, not fixed characteristics: market capitalization depends on price and reported supply, while trading volume can change quickly. A relatively small reported trading volume can make it harder to trade larger amounts without affecting the price. Past prices, including historical highs or lows, do not indicate what PUPS may be worth in the future.

PUPS is associated with Bitcoin and Solana, but the two versions may use different token formats and wallet systems. Bitcoin’s Runes standard is distinct from the earlier BRC-20 format; the project description says PUPS began as BRC-20 and later transitioned to Runes. Public sources do not specify whether the Solana asset is bridged, wrapped, or issued through another arrangement, so do not assume it can be transferred directly between chains.

Use a wallet that explicitly supports the relevant token standard and network, and confirm the asset identifier before depositing or sending tokens. Sending a token to an incompatible wallet or network can result in loss. PUPS is a speculative meme token: its price can move sharply, trading may be limited, and community interest can change. Token identifiers, custody arrangements, and liquidity can also differ across venues. Store recovery phrases offline, never share them, and be cautious of unsolicited messages, fake tokens, and sites asking you to connect a wallet or sign an unfamiliar transaction.