Wall Street Pepe’s expansion phase has officially ended with its compatibility with the Solana blockchain, after early participants helped burn over 5.2 billion WEPE tokens in total.
The team also improved the economic data of the currency while maintaining its multi-blockchain technical system. Instead of launching a separate currency on the Solana blockchain, Wall Street Pepe remains a unified currency built on the Ethereum blockchain, with the ability to link its balances to the Solana blockchain via an advanced linking tool.
Currency balances purchased early were burned and permanently removed from supply, helping to reduce supply and reward early supporters of the project. This is a significant community achievement, as participants automatically receive equivalent Wall Street Pepe balances linked to the Solana blockchain on October 14-15, without having to make any effort.
As supply dwindles and the launch of the aforementioned peg system approaches, the Wall Street Pepe Project enters its next phase with stronger economic data, more intense debates, and a community that proves once again that the power of small traders remains the primary driver of the market.
The Wall Street Pepe token helps maintain a unified supply and communication channel between the Ethereum blockchain and the Solana blockchain
Wall Street Pepe is proud of its cross-blockchain roots, as it operates as a unified currency on the Ethereum blockchain with the Wormhole tool making it easy to link its balances to the Solana blockchain, while the owners of the currency – who rushed to join the Solana blockchain early on – will not miss the opportunity, as they will still receive their parallel balances, but this time thanks to a more efficient tool that allows WEPE to operate on both. blockchains.
During the early access phase, the price of Wall Street Pepe coin on the Solana blockchain was $0.001. Instead of issuing new coins, WEPE coin balances on the Ethereum blockchain were burned – automatically – equivalent to the purchase value according to the coin’s market price. For example, if the price of WEPE on the Ethereum blockchain is $0.0001, then 10 coins based on the Solana blockchain will be burned, and if its price is $0.0005, then 2 coins will be burned.
Every transaction was recorded and every burned token was accounted for, meaning that when the free token distribution begins on October 14-15, participants will receive an equivalent balance of the pegged currency, for which the corresponding token balances were burned.
The team will fill the remaining gap using the supply allocated to the treasury from previous currency buyback activities while maintaining permanent burning activity, meaning the supply will decline and the economic data will be stronger so that early participants can reap the gains, which is exactly the type of equitable modernization the project promises to achieve.
Pepe Scarcity on Wall Street After Fire Meets Abundant Liquidity on Solana Blockchain
Wall Street Pepe price has remained relatively stable over the past two weeks, up 3.7%, and currently stands at around $0.00004119. Of its total supply of 200 billion WEPE coins, more than 5.2 billion WEPE coins have been burned, meaning about 2.6% of the supply has been permanently removed, and the army of proponents of Pepe the Frog-inspired coins understand what that means, namely a lower circulating supply and stronger economics for the foreseeable future.
Wall Street Pepe balances available on the Ethereum blockchain are now linked to the Solana blockchain, marking the entry of coin holders into one of the most active crypto ecosystems, enabling lower-fee transactions, faster trade execution, and greater liquidity on decentralized trading platforms. (DEX) and new coin launch platforms even on the Solana blockchain.
Coin holders can also move freely between the two blockchain networks to enjoy the benefits of the Ethereum blockchain’s abundant liquidity with fast transaction processing and access to new meme coins on the Solana blockchain, all without depleting supply.
With its flexibility, Wall Street Pepe will benefit from the benefits of two booming sectors to prepare to attract new demand while ensuring its strong presence once advanced coupling is activated.
The distribution of free credits will begin on October 14 and 15
As previously mentioned, the free Wall Street Pepe Credits are scheduled to be distributed on October 14th and 15th, where they will be automatically sent to participants’ wallets on the Solana blockchain, without the need to do anything additional, with the project team tracking all early access transactions to ensure participants receive their correct share.
To make it easier to manage your balances, you can transfer your holdings from your Solana wallet to the Best Wallet-BEST wallet – which is one of the best crypto wallets – to view all your balances in one place. You can also download its app via Google Play and Apple App Store.
To stay informed about the free distribution, join the project community on X, Telegram, Instagram and Discord.
Finally, a collection of non-fungible tokens (NFTs) — including 5,000 items created by the Wall Street Pepe community — is now available on the OpenSea store, showcasing the creative side of the Toad Army and its growing tech ecosystem.
To visit the official Wall Street Pepe Project website, click here
The post-Wall Street Pepe-WEPE expansion of the Solana blockchain is complete and 5.2 billion of its coins have been burned as it nears its free distribution of balances appeared first on Cryptonews Arabic.
