Magic Eden Records Spike in Ordinals Trading Volume

Magic Eden, one of the leading NFT marketplaces, experienced a short-lived, week-long period of sustained volume in Ordinals trades.

Magic Eden, one of the leading NFT marketplaces, experienced a short-lived, week-long period of sustained volume in Ordinals trades. During that time, the platform saw a 1,200% spike in Ordinals trading volume, resulting in over $50 million being traded.

The massive surge in interest in Ordinals could translate into positive developments for other Bitcoin-based projects. One such project is Bitcoin Pepe, a project launching on the Bitcoin blockchain and set to introduce memecoin trading within the ecosystem.

The project is leveraging the immense liquidity and security of the Bitcoin blockchain to introduce a new chapter in the crypto narrative. Bitcoin Pepe aims to unlock decentralized finance (DeFi) and meme trading on top of BTC.

The project is also the first meme initial coin offering (ICO) on the Bitcoin blockchain, granting it the unique power to fuse BTC’s security with the unstoppable force of memecoins. The combination is set to generate significant interest in the project and its native $BPEP token.

Bitcoin Pepe presale hits $5.5m

As a Bitcoin-based project, Bitcoin Pepe is already setting impressive records. The presale is quickly selling out, and the seventh stage will be over in the coming hours.

The Bitcoin Pepe presale has managed to raise $5.5 million in just five weeks thanks to the growing interest in its unique value proposition. The native $BPEP token is available to investors via the Bitcoin Pepe website. It can be purchased using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. In this sixth presale stage, $BPEP is worth $0.0281, and it will increase to $0.0295 in the eighth stage.

The project is also integrating blockchain technology with the essence of memes, aiming to create a "meme-verse" where individuals can engage with their preferred memes in a decentralized realm. This fusion is set to generate a unique and engaging experience for the community.

The project will be launching its own layer-2 network on Bitcoin, specializing in memecoin trading and other DeFi activities. This initiative will enable Bitcoin Pepe to become the central hub for memecoin endeavors within the Bitcoin ecosystem.

The L2 network will provide the necessary infrastructure for all memes to migrate to BTC, ensuring optimal security and liquidity for investors and users. It is no secret that memecoins are largely concentrated on the Ethereum blockchain, and projects like PEPE and BALD have generated billions of dollars in volume.

This move could spark a migration of sorts, as some of the most popular memecoins could be transferring to the Bitcoin blockchain via the Bitcoin Pepe L2 network.

With a market cap of over $1 trillion, Bitcoin is currently the most liquid blockchain in the world. While Bitcoin is home to NFTs like Ordinals, memecoins are yet to fully kickoff on the blockchain.

This is where Bitcoin Pepe comes in, as the project intends to introduce memecoin and DeFi trading to the Bitcoin network. The Bitcoin Pepe L2 network will allow developers to easily launch memecoins on the Bitcoin blockchain. Memecoins will empower the Bitcoin blockchain to become home to a crazy high-octane meme experience.

The project also announced the integration of a new meme every week in the Bitcoin Pepe L2 network, in addition to providing the necessary infrastructure for all memes to migrate to BTC, ensuring optimal security and liquidity for investors and users.

The Bitcoin Pepe L2 will be the optimal environment for memecoins to thrive, combining the liquidity and community of memecoins with the security and stability of the Bitcoin blockchain.

The memecoins will be compatible with the Bitcoin ecosystem and will allow for seamless transitions between various projects and protocols within the Bitcoin network.

The Bitcoin Pepe ecosystem will be powered by its native $BPEP token, which is available to users via centralised and decentralised exchanges. However, it is currently available to investors in the ongoing presale. This native token will power the Bitcoin Pepe ecosystem and could become a tremendous performer in the coming months and years.

The presale will enter the eighth stage in the coming hours or days, with the $BPEP token set to increase to $0.0295. $BPEP is not an ordinary memecoin as its utility could make it important to users.