Solana News Today: WEPE's 5.2B Token Burns Strengthen Scarcity, Paving Solana Growth Path

Wall Street Pepe (WEPE) has concluded its Solana expansion phase, with over 5.2 billion tokens burned in a strategic move to tighten supply and enhance tokenomics. The project's dual-chain ecosystem remains intact, with WEPE operating as a unified token on Ethereum while enabling seamless transfers to Solana via the Wormhole bridge. Early participants' purchases on Solana automatically triggered equivalent Ethereum burns, ensuring supply reduction without fragmentation Wall Street Pepe Wraps Up Solana Expansion – 5.2B WEPE Burned^[1]. This mechanism has eliminated approximately 2.6% of the original 200 billion supply, reinforcing scarcity and foundational strength Final Hours of Wall Street Pepe SOL Expansion Sale^[3].

The airdrop, scheduled for October 14–15, will distribute bridged WEPE tokens to Solana wallets based on pre-recorded burn data. Holders need no further action, as the team will cover any allocation gaps using treasury tokens from prior buybacks Wall Street Pepe Wraps Up Solana Expansion – 5.2B WEPE Burned^[1]. This transition aligns with Solana's faster transaction speeds and lower fees, positioning WEPE to access deeper liquidity on the chain's decentralized exchanges and meme coin launchpads Final Hours of Wall Street Pepe SOL Expansion Sale^[3].

WEPE's price has stabilized at $0.00004119, up 3.7% over two weeks, reflecting market confidence in the project's multichain strategy. The token's market capitalization currently stands at $8.28 million, with over 81,000 holders benefiting from the supply contraction Wall Street Pepe Airdrop Incoming October 14: Last Chance for …^[4]. Analysts highlight the project's potential for further growth, noting that a return to its $0.0003473 peak could yield 700% gains Wall Street Pepe Airdrop Incoming October 14: Last Chance for …^[4].

Community engagement has surged, with the project's 5,000-piece NFT collection generating $33,000 in secondary sales on OpenSea. These NFTs serve as membership keys to exclusive perks, including access to Alpha Chat, a private trading group with reported 1,000% gains for participants . The project's 60,000 X followers and growing visibility on CoinMun's Top 10 list underscore its appeal to retail investors Wall Street Pepe Airdrop Incoming October 14: Last Chance for …^[4].

The Solana expansion concludes on October 10, with the bridge's activation expected to drive cross-chain activity. WEPE's treasury-backed airdrop and token burns aim to create a balanced ecosystem, ensuring Ethereum holders are not diluted by Solana's growing adoption Wall Street Pepe Burns Could Trigger Next 100X - Here's How^[5]. This approach contrasts with traditional multichain tokens, which often struggle with liquidity fragmentation Final Hours of Wall Street Pepe SOL Expansion Sale^[3].

Investors are advised to monitor the airdrop and post-bridge performance, as the project's success hinges on sustained community participation and execution. While meme coins remain inherently volatile, WEPE's structured tokenomics and strategic migration to Solana position it to capitalize on emerging trends in the sector .