Bitcoin Pepe raised $3.9m in 25 days: the return of meme coin infrastructure

While interest in meme coins has tempered following the Libra incident, the underlying infrastructure continues to develop, and capital remains in motion. 

In just 25 days, Bitcoin Pepe has raised $3.9m. Market sentiment toward meme coins may have cooled, but the progress of this presale suggests there is still demand for infrastructure supporting the meme coin ecosystem. 

Bitcoin Pepe plans to leverage Bitcoin’s liquidity and security. This project aims to integrate key advantages from both networks by developing a high-speed trading environment similar to Solana while utilizing Bitcoin’s security and settlement layer.

This exciting ICO has a big roadmap, including a native DEX, a BTC bridge, and a new token standard (the PEP-20), alongside its Layer 2 chain. This is the first meme-centric L2 coming to Bitcoin, reflecting the growing interest in meme coin infrastructure on Bitcoin.

Bitcoin Pepe’s core functionality: Building a new meme coin economy?

While alternative Layer 1 networks have risen and faded - from last cycle’s Ethereum challengers like Fantom (now Sonic), Avalanche, and Cardano to this cycle’s emerging competitors such as Move, Aptos, and Sui - one thing has remained permanent: Bitcoin.  

Bitcoin Pepe adopts the mentality that meme coins built on chains that don’t last won’t last either. By introducing an L2 solution on Bitcoin, the project aims to bring meme coin activity to the most established and liquid network in crypto.  

While Bitcoin is widely recognized as both the leading cryptocurrency and a reliable store of value, the Bitcoin network has always lacked three core features: programmability, speed, and activity. Developing infrastructure, particularly for meme coins, on top of this network could solve all these issues, especially given that meme coin trading has, for this cycle, made up the bulk of trading volume.  

Bitcoin Pepe’s L2 or 'meme chain' could solve all these issues. The scaling chain will be capable of processing transactions rapidly at minimal cost. At the same time, the PEP-20 standard opens up a new world for asset issuance, and the DEX will allow anyone to swap these new PEP-20 tokens.

It is fair to say that this project intends to build a vibrant trading floor within the Bitcoin economy. 

Is meme coin infrastructure back?

In almost all markets, the infrastructure layer commands a greater valuation than the application layer— AWS versus SaaS applications or Solana versus Jupiter. 

Infrastructure projects service a larger market with a greater total value and often possess recurring revenue. Bitcoin Pepe’s $3.9m raise suggests there is still interest in the broader development of meme coin trading infrastructure.

This presale is structured in 30 stages with a 5% incremental jump in price each time a stage sells out. This structure emphasizes early-stage participation. The total supply of BPEP tokens is limited to 2.1 billion, and 50% are currently available for public sale.

As BTC continues its institutional adoption cycle, Bitcoin Pepe aims to introduce new functionality and engagement to the network, enhancing its utility beyond its role as a store of value.