Owning PUPS: Uses, Wallets and Risks

PUPS is a meme token linked to the Bitcoin Puppets NFT community, whose stated aim is to spread positive messages through art. Holding it mainly gives you exposure to that community and its meme culture; the project description does not establish a specific product, service, or payment use for the token. Treat it as a speculative asset, not as a claim on the Bitcoin Puppets artwork or a promise of future benefits.

PUPS began as a BRC-20 token on Bitcoin in April 2023 and later moved to the Runes standard. It is also issued on Solana. These are separate network versions, so the fact that a wallet or exchange supports PUPS on one chain does not mean it supports the others. Before you receive or send tokens, check which version you hold and confirm that the destination supports that exact version.

You need a wallet that supports the specific PUPS version you intend to hold. For the Bitcoin Runes version, use a Bitcoin wallet with Runes support; for the Solana version, use a Solana wallet that supports the token. A wallet that only handles ordinary Bitcoin or SOL may not display or transfer the relevant token correctly.

Before making a transfer, check the network and token details shown by the wallet or exchange, and test with a small amount if you are unsure. Do not rely on the ticker alone: different assets can share a symbol. Confirm the token identity through a trusted project or trading interface, and make sure the receiving platform accepts deposits on that same chain and standard. Sending to an incompatible address or choosing the wrong network can make funds difficult or impossible to recover. Keep your recovery phrase private and offline; support staff should never need it.

PUPS has a stated maximum supply of 1 billion tokens. The reported circulating and total supplies were also 1 billion as of November 8, 2026. That figure describes token supply, not the amount you can sell at a particular price or the number of buyers available.

PUPS traded at about $0.0029, with a market capitalization of about $2.9 million, as of November 8, 2026. Its reported 24-hour trading volume was about $5,100 on that date. Prices and trading activity can change quickly, and low volume can make it harder to trade a larger amount without affecting the price. Check current prices, available liquidity, fees, and the chain supported by the venue before acting. A quoted price is not a guarantee that you can sell at that level.

PUPS carries the risks of a small, highly speculative meme token. Its value may depend heavily on community attention and trading demand, and the project description does not promise a revenue stream or established utility that could support its price. The token’s reported price history has also been volatile: it reached a reported high of $3.87 on July 1, 2024, and a low of about $0.0014 on March 30, 2026. Past prices do not predict future results.

There are also operational risks. Bitcoin Runes, BRC-20, and Solana tokens use different systems; a mistaken network choice or unsupported transfer can result in loss. Fake tokens and misleading trading pages may use the PUPS name, so verify the exact asset before connecting a wallet or signing a transaction. Never share your recovery phrase, and be cautious of unsolicited offers or claims of guaranteed returns. Only risk money you can afford to lose.