- MPEPE has achieved over 80% of its pre-sale targets.
- It traded at around $0.001777 at press time.
Mpepe [MPEPE] has quickly made a name for itself in the memecoin space. It joined the ranks of other explosive projects with a highly successful pre-sale that has generated significant buzz.
The excitement surrounding the memecoin has been further fueled by reports of a major whale pledging a substantial sum to support the growing project.
Mpepe attracts whale interests
MPEPE has recently launched its pre-sale, which has received positive responses from participants.
The excitement surrounding Mpepe is not limited to new crypto enthusiasts; it is also attracting seasoned investors who have previously been involved in established tokens like Solana [SOL] and Internet Computer [ICP].
Reports indicated that whales are also showing interest in Mpepe. Notably, one whale has pledged $4 million to support the memecoin and Internet Computer (ICP).
Early backing from a major investor is often seen as a strong signal of confidence in the project’s potential. Such significant investment can attract further interest and investments from the broader crypto community.
The involvement of whales can also provide liquidity to Mpepe, which is particularly important in the often volatile memecoin market.
The state of Mpepe’s pre-sale
According to the Mpepe website, the pre-sale of the memecoin has been highly successful, with over 1.3 billion tokens already sold. The sale represented nearly 87% of the planned pre-sale.
As of this writing, approximately 204 million tokens remain available. The press time value of MPEPE is around $0.001777.
The pre-sale is part of the first stage of its broader launch strategy, which includes three additional stages. The upcoming stages will introduce more features, with token listings planned for stages three and four.
Notably, the pre-sale volume represented 50% of the total supply, indicating that a significant portion of the token’s supply is being distributed early.
State of the memecoin market
A recent analysis of the memecoin market capitalization on CoinMarketCap revealed a decline in the overall market cap within the last 24 hours.
As of this writing, the total market capitalization of memecoins stands at approximately $41.9 billion.
Despite the overall decline, Dogecoin [DOGE], Shiba Inu [SHIB], and Pepe [PEPE] continued to dominate the memecoin market.
Dogecoin leads with a market cap of around $14.7 billion, followed by Shiba Inu with approximately $8.3 billion, and Pepe with around $3.2 billion.
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