The cryptocurrency world is ablaze with talk of PUP, a meme-style token that has rapidly grabbed attention. At the time of writing, PUP is trading at approximately $0.05298. Over the past 24 hours, its price has climbed by 11.66 % a strong move for a token in its current stage. Trading activity is heating up, with a 24-hour volume of $394,894 recorded.Â
Based on the circulating supply, PUP’s market capitalization is about $34,742,774. The fully diluted valuation (FDV) assuming all tokens ever to exist are in circulation is somewhere near $53,851,339. That gives a market cap to FDV ratio of about 0.65, indicating additional upside potential if the team limits or controls supply unlocks.
PUP currently has 645,160,825 tokens in circulation, while its total and max supply stand at 1,000,000,000 tokens, leaving a significant portion yet to enter the market.
Recent Price Behaviour and Historical Range
Over the past 7 days, PUP has faced some volatility. It is down approximately 9.30 % over that week. Yet, even with that retreat, the token still maintains strong momentum in shorter time frames. The 24-hour trading range spanned $0.05195 to $0.07196.
Its all-time high is recorded at $0.1913, which PUP achieved fairly recently, with the price now nearly 71.3 % below that peak. The all-time low stands at $0.01095, putting PUP’s current trading price well above that historical floor.
Strengths, Risks, and What to Watch
One of PUP’s greatest strengths right now is its momentum. A double-digit 24-hour rise, combined with several hundred thousand dollars in volume, shows there is genuine interest in the token. Its FDV structure also gives room for growth, provided that supply unlocks are restricted.
However, the wide gap between circulating supply and max supply is a risk. If large token unlocks are scheduled, they could put downward pressure on the price. The recent 7-day drop also reminds us of the volatility inherent in meme tokens.
Going forward, key signals to watch are sudden volume surges, wallet accumulation by large holders, and any announcements regarding token release schedules or utility. If PUP can maintain momentum and control supply expansion, it has the potential to remain on trend.
