Original | Odaily Planet Daily

Author | Asher

Last week, the price of BTC experienced a pullback, which once caused the entire altcoin market to collapse. However, while altcoins collectively plummeted, and some even believed that the bull market had ended, several projects in the Bitcoin ecosystem's Meme sector showed a phenomenon of "rising instead of falling" in the midst of the situation. Among them, the most prominent performances were the Bitcoin Wizard and Rune Pups in the concept of graphic coins.

According to market data, as of today, the WZRD token of the wizard reached a high of $9.6, with a 7-day increase of over 600%, and is currently priced at $7.76. The NFT project Bitcoin Wizards reached a high of around 0.3 BTC, with a 7-day increase of over 370%, and is currently priced at 0.21 BTC. The PUPS token of the puppet reached a high of $73, with a 14-day increase of over 1200%, and is currently priced at $54. The NFT project Rune Pups reached a high of around 0.16 BTC, with a 14-day increase of over 420%, and is currently priced at 0.1 BTC.

So, what exactly caused the Bitcoin ecosystem Meme coins WZRD and PUPS, as well as the NTF projects Bitcoin Wizard and Rune Pups, to rise against the trend while the altcoin market collapsed? Below, Odaily Planet Daily will take everyone to review and analyze the "past and present" of the wizard and puppet combined with the concept of graphic coins.

Bitcoin Wizard: Establishing a Wizard Culture for Over 11 Years

Introduction

Regarding Bitcoin Wizard, it is an Ordinal NFT project in the BTC ecosystem, created in March 2023, with a total of 1337 pieces. The initial mint price was 0.005 BTC, and the current increase is as high as 60 times. WZRD is the token of the Bitcoin Wizard project.

The wizard image in the Bitcoin Wizard project was created by the artist @mavensbot on the evening of February 18, 2013, and was posted on the Reddit forum. Initially, the "Magic internet Money" created by mavensbot was an iconic advertisement for Bitcoin, which quickly became one of the most popular ads on the forum. Therefore, the Ordinal NFT project Bitcoin Wizard was also created to celebrate the tenth anniversary of the artist mavensbot's release of the wizard image.

Bitcoin Wizard

It can be said that in the Western world, the wizard is the most native and widely circulated Meme image in the BTC ecosystem.

"Big Wizard" and "Little Wizard"

"Big Wizard" and "Little Wizard" are two different projects in the BTC ecosystem, but these two concepts may confuse those who are just getting to know Bitcoin Wizard. Therefore, Odaily Planet Daily will provide an analysis based on official tweets, community information, etc.

For the aforementioned Bitcoin Wizard NFT series, commonly referred to as "Little Wizard" (secondary market purchase link), it was a project established by @udiWertheimer in collaboration with mavensbot. Subsequently, @udiWertheimer and @ercwl, as founders, paid tribute to Bitcoin Wizard ("Little Wizard") and prepared to enrich its wizard image by jointly completing the Taproot Wizards ("Big Wizard") project.

Image source: official tweet

In 2023, the Bitcoin mining company Luxor announced on February 1 that it had mined the largest Bitcoin block in history, with a size of 3.96 MB (this record was later broken by Runestone), slightly below Bitcoin's 4 MB limit. The block contained an original "magic internet money" Mmeme NFT, named Taproot Wizards. This event ignited the entire Western BTC community, and Taproot Wizards also brought the entire Ordinals protocol into the spotlight, which is one of the important reasons why the "Big Wizard" is considered an important spiritual totem of the Ordinals.

Block size is 3.96 MB

Therefore, Bitcoin Wizard ("Little Wizard") is the most native concept and culture, while Taproot Wizard ("Big Wizard") further promotes this concept and culture through the founder's connections, marketing, and other methods.

PUPS: Establishment of the "Puppet Empire"

"Puppet Monkey" Series

OPIUM is an NFT project in the BTC ecosystem, commonly referred to as the "Puppet Monkey Generation," with a total of only 777 pieces, currently priced at 0.45 BTC; Bitcoin Puppets, on the other hand, is known as the "Puppet Monkey Second Generation," with a total of 10,000 pieces, a current floor price of 0.37 BTC, and a market value of 2.37 billion USD, ranking sixth in all NFT market values, second only to NodeMonkes.

Image source: coingecko

PUPS/Rune Pups is a project combining graphics and coins. PUPS is a Meme coin in the Bitcoin ecosystem, with a certain proportion of tokens airdropped to the holders of the "Puppet Monkey Generation" OPIUM NFT, completing 100% of the initial token distribution with the team holding no tokens.

According to the latest official information, the PUPS token is deployed on BRC-20 and SOL, with a total of 7.7 billion tokens, while the NFT Rune Pups is deployed on the Ordinal protocol, with a total of 2.3 billion tokens, totaling 10 billion tokens of graphics and coins.

Since the image of PUPS is a puppet monkey with the Bitcoin logo, it is also known as the Bitcoin version of "WIF" in the European and American communities. It can be said that the vast majority of the surge in PUPS tokens this round is guided by the European and American communities.

Image source: official tweet

"Puppet Empire" Ignites the European and American BTC Ecosystem Community

Currently, in the European and American Bitcoin ecosystem community, inscriptions and tokens related to the puppet monkey are highly anticipated, forming a huge "Puppet Empire" (as shown in the figure below). The latest trend is the emergence of a new model represented by PUPS in the inscription market, namely the "IP matrix" gameplay. The core of this model is to use an Ordinals NFT as the foundation and then issue a BRC-20 token.

"Puppet Empire"

It is also worth noting that PUPS will migrate to the Runes protocol. Perhaps when the block height reaches 840,000 and the Rune protocol starts minting, coupled with the speculation surrounding the halving of BTC, the "Puppet Empire" will ignite the entire crypto market, bringing another spring to the BTC ecosystem.

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