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    Pups (Bitcoin)

    PUPS

    @pupsbitcoin

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    02.810
    Risk Level:
    Very High
    Recommendation:Avoid
    Evaluated:August 28, 2026 (v14)

    Dimension Breakdown

    Development Activity1.5
    Community HealthN/A
    Tokenomics4.0
    Market & Use Case2.5
    Team & Governance3.0
    Security & Audits3.0

    AI Analysis

    Comprehensive evaluation of the token

    PUPS (Pups (Bitcoin)) is a community memecoin operating within the Bitcoin Runes and Ordinals ecosystem that previously migrated from BRC-20 to the Runes standard (PUPS•WORLD•PEACE). The project demonstrates minimal active development (score: 1.5) and total absence of a roadmap, utility, or identifiable team and governance structure (score: 3.0). While tokenomics (score: 4.0) benefits from ~96.8% of the supply circulating without heavy unlock overhangs, the token lacks any functional demand driver or value capture mechanism. Market and use case performance (score: 2.5) reflects severe liquidity fragmentation and an estimated 99.9% drawdown from its all-time high. Security analysis (score: 3.0) notes that while no hacks, exploits, or regulatory actions are recorded, the asset relies on base-layer inscription indexing with no smart contract audits or active security program. Note that Community Support had insufficient verifiable data (scored -1.0) and was excluded from the weighted average, with its 15% weight redistributed proportionally across the remaining categories.

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    Development Activity

    Code updates and developer engagement

    RiskReturn
    01.510

    Community Support

    Social media presence and community engagement

    Insufficient Data

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    04.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    02.510

    Team & Governance

    Team background and project governance

    RiskReturn
    03.010

    Security & Audits

    Security history and audit status

    RiskReturn
    03.010
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    About Pups (Bitcoin) (PUPS)

    Pups (Bitcoin) (PUPS) is a community-driven memecoin originally launched as a BRC-20 token on the Bitcoin network in April 2023 that migrated to Bitcoin's Runes protocol in April 2024 under the name PUPS•WORLD•PEACE. Operating across Bitcoin Ordinals, the Runes standard, and a bridged representation on Solana, the token was deployed with no formal roadmap, utility, or revenue-generating mechanisms, serving purely as a culture- and sentiment-driven meme asset within the Bitcoin ecosystem.

    The token has a maximum supply of 1,000,000,000 units, of which approximately 96.8% is in active circulation. Under its distribution model, 22.3% of the supply was allocated via an airdrop to Bitcoin Puppet holders in March 2024, while the remaining 77.7% was distributed to existing BRC-20 and bridged Solana token holders following a 1-for-100 token split. There are no vesting schedules, insider allocations, or verified ongoing token burn mechanisms.

    PUPS carries notable structural and market risks. Following its peak in 2024, the token experienced a severe price crash of approximately 99.9% from its all-time high of $3.87. The project maintains no identifiable core development team, official governance framework, or formal technical roadmap, leaving it dormant following the Runes migration. Additionally, as an inscription- and indexer-reliant asset on Bitcoin, it possesses no dedicated smart contract audit history or formal security program.

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