- Bitcoin Pepe presale hits $2.77M as momentum builds.
- Enthusiasts imagine the LIBRA scandal requires clearer memecoin regulation.
- Kraken survey shows 76% of traders see memecoin rewards outweighing risks.
Bitcoin Pepe, heralded as the world’s solely Bitcoin Meme ICO, has made headlines by elevating $2.77 million out of its $2.85 million presale goal in its fourth presale stage.
The Bitcoin Pepe presale is structured in such a means that the BPEP token value will increase as the presale levels progress. For occasion, with the fourth stage nearly accomplished, the worth is anticipated to rise from the present value of $0.0243 per token to $0.0255 within the fifth presale stage.
Notably, the Bitcoin Pepe challenge goals to carry Solana-like expertise to the Bitcoin blockchain, introducing ideas like a Meme Layer-2 for BTC with on the spot transactions and ultra-low charges. The initiative additionally consists of the launch of a brand new token customary, PEP-20, permitting for meme coin creation straight on Bitcoin, which they argue is the one blockchain that can “live forever.”
Regulatory challenges highlighted by the LIBRA scandal
While Bitcoin Pepe appears to be a hit, the memecoin market was not too long ago thrown into confusion following the rug pull of LIBRA, which was anticipated to be a profitable crypto challenge after it was endorsed by Argentine President Javier Milei.
Following the LIBRA debacle, which is partly blamed on possible insider trading, Nic Puckrin from Coin Bureau has criticized US regulators for failing to offer a framework that would stop such incidents.
According to Puckrin, this vacuum has allowed for fraudulent schemes to proliferate, resulting in requires companies just like the SEC or CFTC to step in. However, there’s a counterargument, with some like Christopher Perkins suggesting that memecoins already take pleasure in a level of regulatory readability underneath commodity legal guidelines, although the broader authorized panorama stays gray for these digital belongings.
I’m nonetheless attempting to make sense of the clown present 🤡 surrounding $LIBRA over latest days…
The excellent news is that memecoins are one of many few crypto belongings that at the moment take pleasure in regulatory readability. For essentially the most half, they’re commodities. As such, any ACTIVITIES involving… pic.twitter.com/HosHLPdZHM
— Christopher Perkins 🦅🌎⚓️NYC (@perkinscr97) February 18, 2025
76% of memecoin traders imagine rewards outweigh risks
Despite the risks related to meme cash, a recent Kraken survey reveals a surprisingly constructive outlook on memecoins.
According to the survey, an awesome 76% of traders imagine that the potential rewards of investing in memecoins justify the risks concerned. This sentiment is backed by 85% of US crypto holders who’ve ventured into the memecoin market, pushed by elements like value volatility, FOMO, and social endorsements.
Interestingly, whereas each genders spend money on memecoins at related charges, the survey shows that ladies are usually extra cautious, usually allocating a smaller portion of their portfolio to those high-risk belongings.
The survey additionally highlights that whereas many are optimistic about memecoins’ efficiency in 2025, the bulk nonetheless method these investments with warning, dedicating solely a small fraction of their portfolio to memecoins. This cautious optimism displays a broader understanding of memecoins’ function within the crypto ecosystem, not simply as speculative belongings but additionally as a supply of leisure and diversification.
With that mentioned, the Bitcoin Pepe (BPEP) memecoin leverages Bitcoin’s safety and Solana’s velocity, providing traders a compelling memcoin various that can probably outshine beforehand launched meme cash.
