The first NFT collection from Wall Street Pepe (Wepe) started on August 22nd and attracted considerable attention within a very short time. The response was particularly strong with the previously registered supporters:
More than 1,700 NFTs were given by Whitelist members in just a few days. At the same time, the tokenomics of the project also recorded exciting developments.
Since August 19, over 1.75 billion wepe have been permanently destroyed on Ethereum blockchain. At the same time, new tokens were issued on Solana-a core element of the dual chain model, in which every assignment to Solana causes a shortage to Ethereum. Almost one percent of the total stock were eliminated within a few days. This deflationary mechanism had an immediate effect on the course: the WEPE price has been using around 40 percent since the beginning of the Burnings and the NFT mint.
https://www.coingecko.com/en/coins/wall-street-pepe
An interaction of a limited supply and growing demand reinforces the dynamics around Wall Street Pepe. The project illustrates that the symbolic figure of the frog is always associated with prosperity and thus embodies economic success.
New Whitelist round-Wepe, Pepe and more
On August 22, Wall Street Pepe opened its first NFT collection with an exclusive allocation of 2,500 seats for selected whitelist wallets. These privileged slots went primarily to members from Alpha chats and committed supporters of the community. The high demand was already evident in the initial phase: over 1,700 NFTs were gained in this opening round.
After completing this first award, the focus is now on the next stage of access. The focus is on the most loyal supporters. The 2,000 largest wepe holders are rewarded on Ethereum and the 5,000 largest PEPE holders who have supported the basis of the project through long-term stacking. In addition, 500 users of the Best Wallet (best) also receive a allocation, which underlined the close connection between the Meme culture and the infrastructure.
Wall Street Pepe’s whitelist strategy also extended to the top-class NFT sector. Wallets, who kept collections such as Pudgy Penguins, Azuki, Bored Ape Yacht Club, Moonbirds or Chimpers, were given access to the embossing. In this phase there was a clear mechanism: only those who acted particularly quickly could secure a place. This “First Comes-First-Served” procedure increased competitive pressure and ensured that the collection was distributed both within the core community and recognized partner projects.
In addition to the pure NFT edition, the project pursued the goal of gaining new supporters for the WEPE movement and consolidating the cultural anchorage in the meme sector.
Over 1.75 billion wepe in token-burning-Memecoin goes solana
With the start of the Solana integration, Wall Street Pepe introduced a decisive step in its development last week. For the first time, users were able to purchase allocations from Sol-Weepe via the newly furnished platform. At the same time, a significant part of the existing offer was destroyed on Ethereum: more than 1.75 billion tokens were permanently removed from circulation. This corresponds to almost one percent of a total of 200 billion wepe and illustrates the deflationary orientation of the project.
Every purchase of SOL-WEPE automatically leads to a burning of the corresponding tokens on Ethereum. This reduces the offer there, while trade and liquidity are gradually moved to the Solana blockchain.
The aim of this mechanism is to limit the total amount and at the same time to promote the transition to a more efficient infrastructure with lower fees. In the long term, Wepe is to be fully integrated into the Solana ecosystem, which has developed into the center of Memecoins in recent years.
There, transactions can be processed almost without delay and at low costs. The Burn system remains even after the token generation event. In addition, owners of ETH-Weepe are given the opportunity to exchange their stocks without fees in a ratio of 1: 1 in Sol-Wepe. This clearly underlined the strategic realignment of the project.
Invest now in Wepe
By burning billions of tokens and the successful start of an extensive NFT collection, Wall Street Pepe has demonstrated its ability to develop cultural dynamics and at the same time create added value for its own community.
The ongoing whitelist rounds and the migration to Solana help to constantly consolidate the base and further expand the range of the project. The NFTs already output can also be viewed on OpenSea.
The project recommends the official website as a central point of contact for the acquisition of Sol-Weepe. As a wallet solution Best wallet highlighted, since the purchase of wepe is also intuitively possible here.
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