Ethereum News Today: Pepe Dollar Presale Surpasses 166.9M Tokens as Ethereum Holds Above $3,600

Pepe Dollar ($PEPD) is gaining traction in the Ethereum ecosystem as its presale accelerates, coinciding with ETH trading above $3,600. As of the latest update, approximately 166.9 million tokens have been sold at the current presale price of $0.004688, with the next stage set to increase to $0.006495. The token is positioned as a decentralized finance (DeFi) asset that uses a meme-based approach to satirize traditional central banking systems. It features a tokenomics model that includes a "Federal Burn" mechanism, which is designed to permanently remove 29% of the total supply at launch. The final projected price upon launch is $0.03695 [1].

Unlike many other meme tokens, $PEPD operates on a structured model with a capped supply of 3.6951 billion tokens. The project is transparent in its design, offering no developer tax or backdoor unlock functions. Its tokenomics framework is publicly documented, and it plans to operate natively on Ethereum, integrating with existing DeFi tools and a proposed meme asset minting platform to expand its utility [1]. Large Ethereum wallet holders have already begun transacting with the token during the presale phase, suggesting early institutional interest.

Pepe Dollar is described as a decentralized Layer-2 payment infrastructure tailored for the meme economy. The project aims to serve as a satirical alternative to traditional financial systems, leveraging cultural commentary and decentralized finance principles to foster community-driven value creation. The project maintains a strong digital presence through its official website, CoinMarketCap listing, and active social media channels on X and Telegram [1].

The growing interest in $PEPD is part of a broader trend of meme token activity in the Ethereum ecosystem. It is being compared to earlier projects such as Pepecoin ($PEPE), $BONK, and $LILPEPE. The Ethereum price hovering above $3,600 appears to have created a favorable environment for speculative assets, with investors showing increased appetite for high-growth tokens. As the presale progresses, observers are watching closely to see how $PEPD will perform relative to its peers and whether it can establish itself as a unique player in the rapidly evolving meme token market [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)