Pepeto Meme Coin Presale Attracts Whales Amid Market Downturn

The Pepeto Meme Coin presale has been making waves in the cryptocurrency market, with its infrastructure project attracting significant attention from large wallet holders. According to recent data, Pepeto is being accumulated by these whales at a price point of $0.000000186 per unit, which is relatively low compared to other meme coins.

The project's cofounder has drawn upon the success of PEPE, which reached a market capitalization of billions without any real products or infrastructure. However, this also led to a significant decline in value once the hype cooled down. In response, the cofounder developed Pepeto with a focus on building a more sustainable meme coin ecosystem.

The result is a project with three real trading products: PepetoSwap, which will handle cross-chain meme trading with zero transaction tax; Pepeto Bridge, which will route tokens across various blockchains; and Pepeto Exchange, the first curated listing hub for verified meme coins. These products have undergone dual audits from SolidProof and Coinsult, finding no critical vulnerabilities.

The project's focus on building real infrastructure has helped it gain traction among investors, with staking rewards reaching 211% APY. Meanwhile, the crypto market has been experiencing a downturn, with Ethereum, Solana, Dogecoin, XRP, Cardano, SHIB, BONK, FLOKI, and Bitcoin all experiencing significant price drops.