MPEPE: As whales back the memecoin amidst rising hype, what’s next?

    MPEPE has achieved over 80% of its pre-sale targets.
    It traded at around $0.001777 at press time.

As a researcher who has been closely following the crypto space for years now, I must say that Mpepe [MPEPE] has certainly caught my attention. The memecoin has demonstrated impressive growth, with its pre-sale achieving over 80% of its targets, which is quite remarkable in this fast-paced market.


swiftly gained recognition in the meme coin market, finding its place alongside other rapidly growing initiatives. Its highly profitable presale has created quite a stir and attracted attention.

The buzz around the memecoin has been intensified by news that a significant investor, known as a ‘whale’, has promised a large amount to boost the expanding initiative.

Mpepe attracts whale interests

MPEPE has recently launched its pre-sale, which has received positive responses from participants.

The excitement surrounding Mpepe is not limited to new crypto enthusiasts; it is also attracting seasoned investors who have previously been involved in established tokens like Solana [SOL] and Internet Computer [ICP]. 

It was noted that whales have shown curiosity towards Mpepe as well. Significantly, a single whale has promised an investment of $4 million to back the memecoin and Internet Computer (ICP).

Initial support from a prominent financier is frequently interpreted as a powerful indication of faith in the project’s prospective success. This substantial financial commitment may also pique additional curiosity and potential investment from the wider cryptocurrency community.

Involving whales could add stability to the Mpepe market by supplying much-needed liquidity, especially in the unpredictable world of meme coins.

The state of Mpepe’s pre-sale

As reported on the Mpepe site, the pre-launch of the memecoin has seen impressive results. A staggering 1.3 billion tokens have been snapped up during this phase, accounting for approximately 87% of the initial pre-sale target.

Currently, I’m looking at about 204 million MPEPE tokens that are yet to be held. At the moment, each token is worth roughly $0.001777.

The pre-sale is part of the first stage of its broader launch strategy, which includes three additional stages. The upcoming stages will introduce more features, with token listings planned for stages three and four.

It’s worth noting that half of the total tokens were sold before they went on sale, suggesting a large chunk was distributed early in the process.

State of the memecoin market

Over the past day, an examination of memecoins’ total market value on CoinMarketCap shows a drop in their collective worth.

Currently, the combined value of all memecoins is roughly estimated at around $41.9 billion.

Even with a general downturn, Dogecoin [DOGE], Shiba Inu [SHIB], and Pepe [PEPE] still held significant sway in the market of humorous digital currencies.

In terms of market capitalization, Dogecoin stands first at about $14.7 billion, Shiba Inu comes second with roughly $8.3 billion, while Pepe takes third place at approximately $3.2 billion.

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2024-08-30 19:04