On February 11, 2024, Elon Musk tweeted "I love puppies," leading to the creation of the Puppies token. The following day, on February 12, the project team abandoned the token, resulting in Puppies becoming an ownerless token and officially entering a state of complete community autonomy. Since then, it has remained an active presence in the market, achieving a peak market capitalization of $45 million. The CTO community is dedicated to rescuing stray dogs and has organized four rescue operations within six months.