Wall Street Pepe Memecoin Raises $4 Million in First Week of Presale

The creators of the memecoin Wall Street Pepe (WEPE) attracted 20 million USDT following its launch on December 3. In the first week of the presale, the project amassed 4 million USDT.

$20M raised. It’s memecoin season.

Wepe army leading the way fr. ?⚔️ pic.twitter.com/QZbKbBhclM

— Wall Street Pepe (@WEPEToken) December 14, 2024

At the time of writing, WEPE can be purchased for $0.0003644 using Ethereum, Tether (USDT), or a bank card until the next price increase on December 17. To do so, one must connect Best Wallet or another wallet on the project’s website.

The WEPE Concept

Wall Street Pepe is an ERC-20 standard memecoin that combines the character of Pepe with the image of a typical Wall Street trader.

The project’s website features the story of the Wall Street Pepe hero, which consists of four chapters.

“Pepe was tired of old whales and corrupt investors manipulating small traders, constantly filling their wallets. So he decided to outsmart them and change the rules of the game. He gathered an ambitious team of traders who share his views to share their successful strategies,” the project website states.

The idea behind the memecoin is to create the Wepe Army—a closed community of WEPE holders. Participants will be able to exchange insider trading information on the memecoin market.

Tokenomics and Staking

The limited issuance of 200 billion WEPE is distributed as follows:

• 38% — marketing;
• 20% — incentive bonuses for early buyers under the FROG Fund program;
• 15% — bonuses for traders;
• 15% — liquidity provision on exchanges;
• 12% — staking rewards for WEPE.

The smart contract will distribute staking rewards over three years. The mechanism provides for dynamic distribution of WEPE depending on the time and amount of tokens locked.

“During the presale stage, users receive the most favorable interest rate. Rewards are distributed based on the user’s share in the staking pool,” project representatives commented.

Project Plans

After the presale concludes, token holders will gain access to the exclusive Wepe Army group. There, traders can discuss trading strategies and share information about recent deals. Wall Street Pepe also plans to launch a campaign with contests for traders with prizes in WEPE tokens.

Additionally, token holders will be able to earn passive income through WEPE staking.

In the future, the team intends to continue developing tools and expanding the token’s use cases.