Ethereum Memecoin Pepeto Reaches $7M Presale Milestone
The Ethereum-based meme coin Pepeto (PEPETO) has surpassed a $7 million milestone in its presale phase. The project is reportedly planning a future listing on the Binance exchange. The successful presale indicates persistent retail appetite for new memecoin launches despite broader market volatility.
- The project's total token supply is 420 trillion $PEPETO, with 30% (126 trillion) allocated to the presale. Other allocations include 30% for staking rewards, 20% for marketing, 12.5% for liquidity, and 7.5% for project development. - Pepeto aims to build a "meme utility ecosystem" featuring a zero-fee decentralized exchange (PepetoSwap), a cross-chain bridge for asset transfers, and a planned curated exchange for other verified meme tokens. - The presale utilizes a progressive pricing structure where the token price increases as funding milestones are reached, with a stated hard cap of $10 million. Presale tokens are subject to a vesting schedule intended to prevent immediate post-launch price dumps. - To incentivize long-term holding and reduce circulating supply, the project has implemented a staking program with APYs advertised to be as high as 270%. - The project's smart contracts have been audited by third-party security firms SolidProof and Coinsult. - Market discussion includes reports of a potential connection to a co-founder of the original PEPE coin, a narrative that has contributed to interest in the project's positioning. - Pepeto's launch comes as the overall market capitalization for the Ethereum meme coin sector has grown to exceed $40 billion. Ethereum continues to be the dominant blockchain for meme coin projects by both market cap and the total number of tokens.
