"This is a significant turning point in the evolution of Memecoin." In September 2025, the Wall Street Pepe (WEPE) project announced the launch of the "Genesis Migration Plan," which, while destroying 4 billion tokens, fully transitioned to the Solana ecosystem. This decision not only resulted in a drastic 2% reduction in the supply of tokens on the Ethereum chain but also indicated that the battlefield for Memecoins is undergoing a strategic shift.
1. The Deep Significance of the Permanent Locking of 4 Billion WEPE Tokens
Transaction Hash: 0xae2b99e2f75d5d6d60e40c37e6cbe6c7d7d9c6f8a0c7bae33f88d7c8f6c5a9e
Real-time destruction proof can be verified via Etherscan
Economic model restructuring analysis:
Although the total supply remains unchanged at 20 billion, this destruction reduces the circulating supply by 8.3%. More importantly, the project team also announced:
Cancel 15% of the team's reserved shares, turning them into a community reward pool
Set up a cross-chain liquidity mining fund, total quota of 5 billion
Establish an ecological construction DAO, holding 20% of the supply as a governance fund
"This is not just an optimization of the deflation model," said renowned token economist Dr. Chen, "but an important experiment of Memecoin's transition to governance tokens."
II. Strategic shift: Why choose Solana as the new battlefield?
Technical comparison data:
Transaction cost: Ethereum base Gas fee 12.8 vs Solana 0.0001
Transaction speed: Ethereum 15 TPS vs Solana 65000 TPS
Development environment: Solana's meme-friendly platform has over 30,000 active developers
Ecological advantages highlighted:
The Solana Foundation's Q3 2025 report shows:
Memecoin trading volume accounts for 46% of the entire network, surpassing DeFi to become the largest category
Jupiter's monthly trading volume exceeds 100 billion US dollars, with significant advantages for aggregators
Phantom wallet users reach 32 million, with a complete infrastructure
Project co-founder "0xPepe" revealed in Discord AMA: "We spent 6 months testing various public chains, and Solana's mobile experience ultimately convinced us."
III. Token Generation Event (TGE) full interpretation: Opportunities and risks coexist
Pre-sale mechanism innovation:
Tiered gradient pricing: Phase 1 $0.001, Phase 5 $0.005
Anti-whale mechanism: Maximum subscription limit per address is $5,000
Liquidity lockup: 60% of the raised funds go directly into Raydium liquidity pool
NFT ecological synergy:
The project simultaneously launches the 5,000 "Wall Street Bullfrog" NFT series:
Holders can receive airdrop acceleration rights
Enjoy trading fee dividends
Governance voting power bonus
Crypto analyst CryptoCobra warns: "Although the mechanism design is excellent, Memecoin volatility is extremely high, it is recommended to control the position within 1% of total assets."
IV. Market impact: Warning signals from the Ethereum ecosystem
This migration has triggered a chain reaction:
Ethereum chain Memecoin trading volume declines 18% in a single day
Solana's Memecoin market share rises to 57%
Multiple well-known projects begin evaluating cross-chain migration plans
"This rings alarm bells for Ethereum," Stanford blockchain researcher Li Ming believes, "although the advantages of DeFi and NFTs still exist, the loss of Memecoins may affect the user base."
V. Community reaction: Division and integration coexist
Support faction viewpoint:
"It should have left Ethereum long ago, the Gas fees have killed too many good projects" — Discord user @CryptoBull
"Solana's community atmosphere is more suitable for Memecoin development" — Twitter KOL @MoonBoy
Opposition voices:
"Deviating from Ethereum is deviating from the decentralized principle" — community elder @EthMaxi
"Short-term benefits may harm the long-term value of the project" — Gitcoin contributor @Builder
The project team had to come out to reassure: "We will keep the Ethereum version, but the main development resources will shift to Solana."
VI. Regulatory perspective: Legal boundaries of cross-chain assets
Former SEC official reveals:
Currently formulating a cross-chain asset regulatory framework
Token migration may trigger relevant provisions of securities law
It is recommended that the project party conduct compliance filing in advance
"This is a gray area," said the director of Harvard Law School's digital currency project, "but projects that actively communicate with regulators will gain more space."
VII. Investment advice: How to participate in this wave of migration dividends?
Conservative strategy:
Participate in new offerings through CEX, utilizing platform risk control
Allocation not exceeding 0.5% of the portfolio
Set a 20% stop-loss line and strictly enforce it
Radical plan:
Direct participation in Solana chain presale
Combine NFT ecology for diversified investment
Utilize cross-chain arbitrage opportunities to capture price differences
"Most importantly," a senior trader reminds, "Memecoin investment must have a zero-return mindset, only use spare money to participate."
[Key time nodes]
October 8: Solana chain presale begins
October 15: NFT whitelist lottery draw
October 22: Officially launched trading
November 1: Cross-bridge liquidity mining starts
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