- Bitcoin Pepe presale hits $2.77M as momentum builds.
- Fans consider the LIBRA scandal requires clearer memecoin regulation.
- Kraken survey exhibits 76% of traders 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 price will increase because the presale phases progress. For example, with the fourth stage nearly accomplished, the price is anticipated to rise from the present price of $0.0243 per token to $0.0255 within the fifth presale stage.
Notably, the Bitcoin Pepe venture goals to convey Solana-like know-how to the Bitcoin blockchain, introducing ideas like a Meme Layer-2 for BTC with instantaneous transactions and ultra-low charges. The initiative additionally contains 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 may “live forever.”
Regulatory challenges highlighted by the LIBRA scandal
Whereas Bitcoin Pepe appears to be successful, the memecoin market was lately thrown into confusion following the rug pull of LIBRA, which was anticipated to be a profitable crypto venture after it was endorsed by Argentine President Javier Milei.
Following the LIBRA debacle, which is partly blamed on potential insider buying and selling, Nic Puckrin from Coin Bureau has criticized US regulators for failing to supply a framework that might stop such incidents.
In response to Puckrin, this vacuum has allowed for fraudulent schemes to proliferate, resulting in requires companies just like the SEC or CFTC to step in. Nonetheless, 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 am nonetheless making an attempt to make sense of the clown present 🤡 surrounding $LIBRA over current 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 consider rewards outweigh dangers
Regardless of the dangers related to meme cash, a current Kraken survey reveals a surprisingly constructive outlook on memecoins.
In response to the survey, an amazing 76% of traders 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 elements like price volatility, FOMO, and social endorsements.
Curiously, whereas each genders put money into memecoins at related charges, the survey exhibits 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 method 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 additionally as a supply of leisure and diversification.
With that mentioned, the Bitcoin Pepe (BPEP) memecoin leverages Bitcoin’s safety and Solana’s pace, providing traders a compelling memcoin various that may presumably outshine beforehand launched meme cash.