Memecoin Mania: Bitcoin Pepe BPEP Raises $4M

Memecoin Mania: Bitcoin Pepe BPEP Raises $4M

coinjournal.net
March 8, 2025 by Jhon E. Bermúdez
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Bitcoin Pepe (BPEP) is setting its sights on creating a Meme Layer-2 on Bitcoin, powered by PEP-20. The TRUMP memecoin has generated a massive $350 million for its creators, with sources indicating 80% is held by Trump associates. Growing regulatory attention is being paid as memecoins generate both excitement and worries about market manipulation and
BPEP
  • Bitcoin Pepe (BPEP) is setting its sights on creating a Meme Layer-2 on Bitcoin, powered by PEP-20.
  • The TRUMP memecoin has generated a massive $350 million for its creators, with sources indicating 80% is held by Trump associates.
  • Growing regulatory attention is being paid as memecoins generate both excitement and worries about market manipulation and potential risks.

The crypto world is buzzing with excitement as memecoins linked to prominent figures and fresh ideas take center stage. Right now, Official Trump (TRUMP), inspired by President Donald Trump, and Bitcoin Pepe (BPEP), bringing the memecoin trend to the Bitcoin blockchain, are capturing a lot of attention.

Bitcoin Pepe’s “World’s Only Bitcoin Meme ICO,” which is essentially their ongoing presale, has already pulled in over $4 million. Meanwhile, a report from the Financial Times reveals that the Trump-themed memecoin, TRUMP, has reportedly made a staggering $350 million for the people behind it.

Bitcoin Pepe (BPEP) Aims to Build a Meme Empire on Bitcoin

Amidst the current memecoin craze, Bitcoin Pepe (BPEP) is staking its claim, having already raised $4,029,822 in its live presale. Envisioned as a “Solana on Bitcoin,” this project is looking to establish a dedicated Meme Layer-2 for Bitcoin. They’re promising lightning-fast transactions and incredibly low fees using their PEP-20 token standard.

Currently, Bitcoin Pepe (BPEP) is in its sixth presale phase out of a planned thirty. The token price is currently $0.0268, and it’s set to increase to $0.0281 when the next phase kicks in.

Looking beyond the presale, Bitcoin Pepe has a bold vision: to empower the creation of memecoins directly on Bitcoin itself, which they champion as “the only chain that will live forever.” For those interested in digging deeper, their whitepaper, roadmap, and team details are all readily available on their website, along with a SolidProof audit to confirm its credibility.

Bitcoin Pepe (BPEP) appeal is pretty straightforward – it’s simple and promising. Their branding, packed with giveaways and even a quirky “Watch Bitcoin Pepe (BPEP) Birth” video, really leans into meme culture. At the same time, by associating with Bitcoin’s long-standing reputation, they’re setting themselves apart from other memecoins that might be here today, gone tomorrow.

As the Trump memecoin story evolves, with potential regulatory challenges on the horizon, Bitcoin Pepe (BPEP) presents itself as a more community-focused alternative in the memecoin space.

Official Trump (TRUMP) Memecoin Rakes in Millions

The TRUMP memecoin, launching just before the hypothetical date of Donald Trump’s White House return on January 20, 2025, has become a surprising financial powerhouse.

According to the Financial Times report from March 7th, the entities connected to the token—linked to CIC Digital and Fight Fight Fight LLC of The Trump Organization—have already made at least $314 million from selling tokens and an additional $36 million in fees on the Solana blockchain. Together, these entities are believed to hold a massive 80% of the total 1 billion TRUMP tokens created, though it’s still unclear exactly how much personal profit Trump himself has made.

The project started by releasing 200 million tokens initially, with the remaining 800 million planned for distribution over the next three years. Early investors snapped up 100 million tokens for less than $1.05 each, but the price dramatically climbed, peaking at $75 by January 19th.

However, the launch of Melania Trump’s own memecoin, MELANIA, triggered a significant 82% drop in TRUMP’s price. In response, accounts linked to Trump reportedly spent $1 million to stabilize the market, buying up TRUMP tokens at $33.20 each.

Market analysts are suggesting that market manipulation could be a factor here. The Financial Times investigation tracked $291 million in USDC being re-injected into liquidity pools, seemingly to artificially boost TRUMP’s value, along with 14.7 million tokens being sent to major exchanges like Binance and Coinbase.

Despite the price dip, the 831 million tokens still held by Trump-related parties are estimated to be worth a staggering $10.8 billion, highlighting the incredible, if volatile, impact of this memecoin.

This whole phenomenon is now attracting regulatory attention. Representative Sam Liccardo has proposed measures to ban officials from involvement in such ventures, and New York Assembly member Clyde Vanel introduced a bill on March 5th aimed at penalizing memecoin “rug pulls.”

Yet, with the SEC currently viewing memecoins as outside the scope of securities laws, regulatory oversight remains unclear. This leaves investors potentially exposed amidst the hype surrounding these coins and the estimated 700 copycat tokens that have emerged.

Source: coinjournal.net