Ethereum News Today: Pepe Dollar Presale Gains Steam as Ethereum Hits $3,600

Pepe Dollar ($PEPD) has entered the Ethereum ecosystem with its presale gaining momentum amid Ethereum (ETH) trading above $3,600. The token positions itself as a meme-based parody of central banking, incorporating utility and DeFi mechanisms. Initial transactional activity has been observed as several large Ethereum wallets have started transferring ETH to the $PEPD presale. The project has also launched on CoinMarketCap, enhancing its visibility within the crypto space [1].

$PEPD distinguishes itself from traditional meme tokens by integrating cultural motifs and DeFi architecture. The tokenomics model includes a burn mechanism described as a commentary on centralization, with 29% of the total supply set to be permanently removed at launch through a process called the “Federal Burn.” The token will have a capped supply of 3.6951 billion, with no developer tax or backdoor functions, aligning with the ethos of decentralization. The presale price is currently set at $0.004688, with the next stage expected to increase to $0.006495 [1].

As of the presale phase, approximately 166.9 million $PEPD tokens have been sold, with the final launch price projected at $0.03695. The token is designed to operate natively on Ethereum and integrate with existing DeFi tools, including a proposed meme asset minting platform. The project aims to bridge cultural commentary with decentralized finance, allowing users to create, deploy, and govern new assets using $PEPD [1].

The Ethereum ecosystem has seen a surge in meme token activity in recent months, with tokens like Pepecoin ($PEPE), $BONK, $LILPEPE, and $HYPER gaining traction. $PEPD’s approach includes a more structured tokenomics model, positioning it as a potential evolution in the meme token space. The project’s development team emphasizes transparency, with a publicly documented tokenomics framework and no hidden unlock functions [1].

Pepe Dollar is being marketed as a decentralized Layer-2 payment infrastructure for the meme economy. It aims to serve as a satirical alternative to traditional financial systems while fostering value creation in decentralized ecosystems. The project maintains active engagement through its official channels, including a website, CoinMarketCap listing, X (formerly Twitter), and Telegram community [1].

Source: [1] Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600 (https://www.investing.com/news/cryptocurrency-news/pepe-dollar-pepd-presale-picks-up-pace-as-ethereum-eth-hovers-over-3600-4166123)