Bitcoin Pepe, the layer 2 blockchain building “Solana on Bitcoin,” has hit $11m in presale funding as it heads into its final week before exchange listings.
The project pulled in a jaw-dropping $1 million in a single 24-hour period on Monday, May 19th, suggesting momentum is building at a breakneck pace as the May 31st deadline approaches, when BPEP lists on tier 1 exchanges at 2PM UTC.
FOMO continues to build throughout the ICO’s final week as Bitcoin Pepe announces a series of partnerships with other major brands within crypto, including a series of AMAs. May 22nd will see the team join an X Space with BSCDaily and their audience of 800k followers.
This enhanced visibility, alongside the visibility T1 exchange listings will bring on 31st May, is laying the foundations for a major rally when BPEP hits the open market, making the current presale price of $0.0359 a huge opportunity ahead of major upside potential.
Exchange listings trigger last-minute buying spree
Last week, Bitcoin Pepe announced it has secured multiple Tier 1 exchange listings scheduled to go live at 2PM UTC on May 31st, with the likes of OKX and ByBit rumored to be on board.
This news, along with strategic partnerships with big names like Plena Finance—who are hosting an AMA with the BPEP team on 22nd May—triggered what appears to be a classic FOMO reaction among crypto speculators. $1 million worth of buys poured in on Monday in anticipation of a post-listing rally, with the presale total now at $11m.
Currently priced at $0.0359 in its presale, BPEP tokens are being positioned as significantly undervalued ahead of these listings. History shows that tokens can see dramatic price movements after hitting major exchanges, with average gains around 91% within 5 days and some tokens surging as much as 142% within 24 hours of listing.
Whether Bitcoin Pepe will follow this pattern remains to be seen, but the project is certainly building narrative momentum.
The PEP-20 standard: Bitcoin’s next infrastructure play
Central to Bitcoin Pepe’s ambitions is the PEP-20 token standard, which aims to do for Bitcoin what ERC-20 did for Ethereum: create a standardized framework for permissionless token creation.
This standard could unlock a wave of meme coin development on Bitcoin, positioning BPEP as the infrastructure token that powers this ecosystem. Currently, more than $2 trillion in liquidity sits dormant on Bitcoin—BTC is an ideal store of value but doesn’t allow capital to be deployed further to maximize returns.
With the promise of creating “Solana on Bitcoin,” Bitcoin Pepe allows the creation of meme coins (which often see explosive price appreciation), DeFi protocols (which allow traders to generate yield on-chain), NFTs, and more.
By building this infrastructure upon the ultra-secure Bitcoin base layer—which has recently attracted over $5 billion in institutional money via ETFs—the layer 2 finally brings the high-stakes trading experience that retail has come to love to the world’s largest blockchain.
This approach mirrors successful infrastructure plays from earlier this cycle, where platforms like Solana saw their native tokens appreciate dramatically as activity on their networks increased with the advent of mass meme coin trading.
Staking pools sell out: How high can BPEP go?
The head of steam building around Bitcoin Pepe ahead of listings could be an indicator of open market performance, and if it is, a June rally could definitely be on the cards.
On top of the $1 million raised on Monday, the high value partnerships being announced, and impending listings on top-tier exchanges like OKX and ByBit, BPEP’s staking pools have now fully sold out, with over 200 million tokens now locked up for as long as 6 months.
This means that a significant portion of BPEP holders plan on HODLing for the long run with no intention of selling on listing day. This is a barometer of overwhelmingly positive sentiment, but also means that supply will be constricted when the token hits exchanges, protecting the price and increasing the odds of a surge throughout June.
Whether Bitcoin Pepe’s “Solana on Bitcoin” approach will succeed remains to be seen, but with $11m already secured and major exchange listings imminent, its current price of $0.0359 simply can’t be ignored as the ICO approaches its final week.
To learn more about Bitcoin Pepe, check out the official website.
