Ordinals trading surges 1,200% on Magic Eden as Bitcoin Pepe’s presale hits $5.5m

Key takeaways

• Ordinals trading on Magic Eden spiked by 1,200%, with the trading volume hitting $50m.
• The Bitcoin Pepe presale has now reached $5.5 million as stage seven ends shortly.

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. The platform saw a 1,200% surge in Ordinals trading volume during that period, with over $50 million traded.

Ordinals are NFTs on the Bitcoin blockchain. The surge in Ordinals trading volume could indicate a possible increase in interest in the Bitcoin NFTs. 

What is Bitcoin Pepe?

The surge in interest in Ordinals could spark positive development for other Bitcoin-based projects. Bitcoin Pepe is a project launching on the Bitcoin blockchain and is set to introduce memecoin trading within the ecosystem. 

The project intends to revolutionise the Bitcoin ecosystem by leveraging the liquidity and security of the Bitcoin blockchain. Bitcoin Pepe will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

By launching a layer-2 network on Bitcoin, Bitcoin Pepe will specialise in memecoin trading and other DeFi activities. It will enable Bitcoin Pepe to become home to memecoin activities within the Bitcoin ecosystem. Overall, Bitcoin Pepe will help unlock decentralized finance (DeFi) and meme trading on top of BTC.

In addition, Bitcoin Pepe is 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. 

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 raised $5.5 million in five weeks thanks to 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. 

Will Bitcoin Pepe positively impact the Bitcoin ecosystem

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.

Bitcoin Pepe intends to change that by introducing memecoin and DeFi trading on the Bitcoin network. The Bitcoin Pepe L2 network will enable 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. 

Furthermore, the L2 will provide the necessary infrastructure for all memes to migrate to BTC, ensuring security and liquidity for investors and users. 

Should you buy the $BPEP token during the presale?

The $BPEP token will be 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.