Bitcoin PEP-20 Craze Breaks $2.8 Million: Solana Developers Concerned

This is the unexpected gift to all the "degens".

The Bitcoin Pepe, also known as the "Solana on Bitcoin" Pepe, broke $2.8 million in a presale, sparking concerns among Solana developers.

With the PEP-20 token standard set to unleash trapped Bitcoin capital and bring meme trading to this "venerable" chain, many experts are starting to question whether Solana's position as the preferred chain for "degens" is at risk of crumbling. Here's why.

BPEP Presale: The $2.8M+ Warning to Solana

The presale of the Bitcoin Pepe has become a gathering place for disillusioned Solana traders, with the token price providing close to 300% returns over 30 stages. Thousands of holders rushed in, attracted by the PEP-20's promise of Solana-like speed (over 65,000 TPS) combined with Bitcoin's untouchable security, luring in a significant amount of investment.

The Bitcoin Pepe is actually addressing a shared issue between Solana and Bitcoin blockchains: Solana's downtime and security risks and Bitcoin's slow transaction speed and poor scalability.

Why PEP-20 is Making Solana Anxious

The PEP-20 standard of the Bitcoin Pepe is reshaping the rules of the cryptocurrency memeconomy. There is a high likelihood of meme coin migration. All major projects on Solana, from Bonk to Official Trump, now have strong incentives to migrate to the Bitcoin Pepe and leverage its reliability, while tapping into the $2 trillion liquidity of Bitcoin.

The killer selling point of the Bitcoin Pepe is its ability to tap into Bitcoin's dormant capital. Unlike Solana memes vying for resources in an $85 billion ecosystem, PEP-20 can directly tap into Bitcoin's $2 trillion pool of capital.

The Bitcoin Pepe also offers staking rewards, with 15% of the total supply of 21 billion BPEP tokens allocated to staking rewards, incentivizing holders, while Solana faces potential $200 million token unlock selling pressure.

The 12-hour downtime event experienced by Solana in January 2025 may have provided the perfect opportunity for Bitcoin Pepe. Bitcoin Pepe's seamless transactions and rock-solid uptime will undoubtedly attract those traders who are tired of Solana's frequent downtimes.

Can BPEP Replicate Solana's Parabolic Rise?

Solana's journey from $0.22 to $290 is nothing short of legendary, but for various reasons, those who invested in the Bitcoin Pepe presale may also see similarly astounding gains in this cycle.

First and foremost, BPEP is likely to quickly become a strong competitor for listing on Binance. It is a Layer 2 infrastructure project, which is the type of cryptocurrency Binance prefers to list. And as we know, Binance often fuels token price surges.

The memecoin supercycle also provides strong momentum, with memecoin enthusiasts such as Murad predicting a cyclical top later this year.

Solana's Countdown

With only 15 stages left until the end of the Bitcoin Pepe presale, with a final price set at $0.0864, Solana's developer community is racing against the clock. The initial $2.8 million is just the beginning, and now any "degens" escaping due to downtime issues have the "fortress" of Bitcoin to rely on.

Lock in BPEP now at a price of $0.0255. As the token gets listed on exchanges, the PEP-20 revolution officially kicks off - and Solana's developers may have to double down to catch up.

For more information or to purchase Bitcoin Pepe, please visit the official website.

This article is a contributed post and does not represent the views of BlockBeats