The broader crypto market is mostly staying flat on Tuesday, as traders await the outcome of the upcoming FOMC meeting. Both Pepe and Solana are slightly down from their recent highs – but it seems another related altcoin has caught the attention of top whales.
It’s called Wall Street Pepe (WEPE), and the project has already sent shockwaves through the market with a series of bold moves over the last few months. The team has announced a new migration from Ethereum to Solana, and they also launched a limited-edition NFT collection in August.
For each token bridged to Solana, an equivalent amount will be burned on Ethereum – and 3.6 billion tokens have been burned so far, including 600 million over the last week. This demonstrates how eager the WEPE community is to engage with the Solana ecosystem, while actively reducing the supply on Ethereum.
Wall Street Pepe is bringing Pepe’s viral allure to Solana, the home of meme coins. This collision is truly unprecedented, and so it’s no surprise that PEPE and SOL whales are jumping into the project.
On Ethereum, the total WEPE supply has decreased by 1.8%, thanks to ongoing purchases of the Solana version of the token. Each Solana-based purchase automatically triggers a matching burn on Ethereum, in order to cap the total 200 billion supply across both chains.
Wall Street Pepe will be the first dual-chain Pepe-themed meme coin on Ethereum and Solana, but there’s something else fueling its bullish outlook: real utility. The project offers numerous benefits for holders, including its Alpha Chat feature, which provides trading signals and has achieved up to 1,000% gains on some trades.
Meanwhile, regarding the aforementioned NFTs, Wall Street Pepe has launched a 5,000-piece asset collection that’s already brought in 7.45 ETH via the secondary market, equivalent to $33,554 at the current ETH price of $4,504.
According to OpenSea data, the Wall Street Pepe NFT collection’s floor price has increased by 33% in the past day, indicating strong community demand and growing momentum building within the WEPE ecosystem.
These NFTs are more than just on-chain art – they also serve as digital memberships that include exclusive perks, such as access to Alpha Chat, along with more benefits that will unlock as the roadmap progresses.
Pepe and Solana are cooling off this week, sharing moves of less than 1% over the last 24 hours. Nonetheless, Pepe has generated $515 million in 24-hour trading volume, while Solana has generated $7.4 billion. This indicates strong whale activity, while sellers are in control of the market.
And at the same time, Wall Street Pepe is gaining prominence.
The analyst Alessandro de Crypto is one of the respected whales backing WEPE, with the trader recently suggesting it could even deliver 100x gains due to its Solana launch and the hype that this will generate.
Similarly, Crypto Tech Gaming told his 88,000 YouTube subscribers that Wall Street Pepe is a “super high potential project,” adding, “this is a movement that is designed to empower the small traders.”
He discussed its utility, such as trading signals, along with its new ecosystem developments like dual-chain operation and NFTs, as reasons it could explode.
The Wall Street Pepe price skyrocketed from $0.000016573 to $0.00015 over a two-month period this summer. After some cooldown, it has now established strong support around $0.00005 and appears poised for the next upward move.
The fact that the NFT collection’s floor price surged 33% in the last day is another sign that the next big WEPE pump is approaching – so if you missed the summer surge, now is your chance to buy before Uptober.
You can join the WEPE Ethereum burn and reserve your Solana allocations before the token generation event (TGE) by visiting the Wall Street Pepe website. There are a variety of payment options available, including ETH, SOL, stablecoins, bank cards, and Apple Pay.
But with momentum building and whales rotating, the time to secure WEPE before the next pump is running out, so prospective investors must act fast to secure their entry.
