Although the memecoin market was valued at $137 billion last week, it is experiencing a downturn that brought its market cap to $117 billion and saw most of the leading coins enter a red trend.
Despite the market’s poor performance over the past week, the new memecoin Wall Street Pepe (WEPE) has just hit a major milestone with $25 million raised in just 13 days, reflecting significant investor trust in the project.
WEPE’s per-token price aimed to increase during the presale
With 20% of the total 200 billion token supply allocated to the presale, there’s still room for investors to secure their share of WEPE ahead of its DEX launch. Currently, the token sells for $0.00003644 each, but that price will change in just 16 hours or if the presale raises another $500,000 today.
Although it isn’t officially announced, Coinsniper’s profile for WEPE shows March 3rd, 2025, as the presale’s end date. There’s also a 30 million USDT hard cap, according to Coinsniper, which could see the presale end much sooner.
To join the presale, investors can purchase WEPE using ETH, BNB, USDT, or a traditional bank card. No minimum investment is required.
Source: Wall Street Pepe
Once the presale wraps up, its backers will have the opportunity to claim WEPE, and the token will see its first listings on DEXs. The project is also taking steps to ensure market stability by setting aside 15% of its total supply for liquidity.
An additional 12% is set aside for staking rewards, which are distributed over three years. Currently, the project offers a 48% APY, and those staking their WEPE will have the option to unstake them seven days after it launches on exchanges.
Wall Street Pepe seeks to empower smaller traders
The broader crypto market has grown by over $1 trillion since President Trump’s election, which acted as a catalyst for Bitcoin’s explosive growth and has drawn in an increasing number of retail investors.
WEPE seeks to help new and seasoned crypto investors navigate the market and invest in coins with explosive potential with its upcoming trading signals group. Those holding WEPE will have access to the group, which intends to help smaller traders replicate the success of whales by investing in unison.
WEPE also aims to provide its community with advanced trading strategies, alpha investing tips for upcoming presales with potential, and much more.
The project’s developers have also allocated 15% of the total token supply for trading rewards, a special prize pool for those who follow their investment calls.
A team of memecoin experts, 99Bitcoins, followed by more than 717,000 crypto enthusiasts, also voiced positive sentiments about the project.
Pointing to its average funding influx of nearly $2 million per day and the increasing interest in the $14 billion frog-themed memecoins market, they believe WEPE has potential.
WEPE’s launch may coincide with a frog-themed token explosion
Pepe-themed tokens are in high demand, and tweets from Elon Musk are likely behind the recent success of the frog-themed market, such as Turbo’s (TURBO) soar to a new ATH last week.
Additionally, Tier 1 exchanges, such as Binance and Coinbase, are more open to listing memecoins than ever. Pepe (PEPE) saw its price explode from $0.000007901 to $0.00002329 following a Coinbase listing last month, driving an increasing number of investors to tokens inspired by its appearance.
Pepe Unchained (PEPU) has also benefitted from the boosted visibility of Pepe-themed tokens. During its presale, it raised north of $76 million and saw gains of more than 600% after its launch last week.
PEPU’s success indicates that WEPE could see similar growth, especially considering its presale is raising funds at an even faster rate.
$25M raised. Green candles. Good vibes. Frogs are pumping. 🐸⚔️ pic.twitter.com/1UbCTrfIBn
— Wall Street Pepe (@WEPEToken) December 16, 2024
Besides its memetic appeal and increased visibility, WEPE also attracts investors with its security. Its smart contract has been audited by Coinsult, which found no critical errors in its code.
With all of these factors combined, it’s no surprise that WEPE has already gathered more than 33,000 followers on its X (Twitter) and Telegram channels.
Although the future of a memecoin is always uncertain, Wall Street Pepe could have a bright future with its impressive early momentum.