- Bitcoin Pepe presale hits $2.77M as momentum builds.
- Fanatics consider the LIBRA scandal requires clearer memecoin regulation.
- Kraken survey reveals 76% of buyers see memecoin rewards outweighing dangers.
Bitcoin Pepe, heralded because 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 method that the BPEP token value will increase because the presale phases progress. For example, with the fourth stage virtually accomplished, the worth is predicted to rise from the present value of $0.0243 per token to $0.0255 within the fifth presale stage.
Notably, the Bitcoin Pepe undertaking goals to carry Solana-like expertise to the Bitcoin blockchain, introducing ideas like a Meme Layer-2 for BTC with immediate transactions and ultra-low charges. The initiative additionally consists of the launch of a brand new token normal, PEP-20, permitting for meme coin creation instantly on Bitcoin, which they argue is the one blockchain that may “stay perpetually.”
Regulatory challenges highlighted by the LIBRA scandal
Whereas 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 undertaking 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 supply a framework that might forestall such incidents.
In line with Puckrin, this vacuum has allowed for fraudulent schemes to proliferate, resulting in requires businesses just like the SEC or CFTC to step in. Nonetheless, there’s a counterargument, with some like Christopher Perkins suggesting that memecoins already get pleasure from a level of regulatory readability beneath commodity legal guidelines, although the broader authorized panorama stays gray for these digital belongings.
I am 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 present get pleasure from 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 buyers consider rewards outweigh dangers
Regardless of the dangers related to meme cash, a recent Kraken survey reveals a surprisingly optimistic outlook on memecoins.
In line with the survey, an amazing 76% of buyers consider that the potential rewards of investing in memecoins justify the dangers concerned. This sentiment is backed by 85% of US crypto holders who’ve ventured into the memecoin market, pushed by components like value volatility, FOMO, and social endorsements.
Apparently, whereas each genders spend money on memecoins at related charges, the survey reveals that girls are typically 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 strategy these investments with warning, dedicating solely a small fraction of their portfolio to memecoins. This cautious optimism displays a broader understanding of memecoins’ position within the crypto ecosystem, not simply as speculative belongings but in addition as a supply of leisure and diversification.
With that stated, the Bitcoin Pepe (BPEP) memecoin leverages Bitcoin’s safety and Solana’s pace, providing buyers a compelling memcoin different that may probably outshine beforehand launched meme cash.