Deep Dive
1. Solana Migration & Burn Mechanics (19 August 2025)
Overview: WEPE expanded to Solana, enabling faster transactions and a burn mechanism where every Solana-based purchase destroys Ethereum-based tokens.
The dual-chain system uses a fixed total supply of 200 billion tokens. Solana’s integration allows users to buy WEPE on Solana with ETH, USDT, USDC, or cards, immediately burning ETH-based tokens. This ensures supply neutrality while shifting liquidity to Solana’s low-fee environment.
What this means: This is bullish for WEPE because it enhances transaction efficiency and introduces deflationary pressure on Ethereum’s token supply. However, migration complexity could temporarily fragment liquidity. (Source)
2. 3.6B WEPE Burned (17 September 2025)
Overview: Over 3.6 billion WEPE tokens were burned on Ethereum as Solana adoption accelerated, reducing ETH supply by 1.8% in two weeks.
Burns are triggered automatically by Solana purchases, maintaining the 200 billion total cap. The mechanism will persist until migration concludes, ensuring Ethereum holders aren’t diluted.
What this means: This is neutral-bullish for WEPE, as burns tighten ETH-side supply but depend on sustained Solana demand. Short-term price volatility may persist until migration stabilizes. (Source)
3. NFT Integration (22 August 2025)
Overview: A 5,000-piece NFT collection launched, granting access to Alpha Chat (a trading group) and gamified rewards.
The NFTs, minted via community whitelists, drove secondary sales exceeding $30,000 on OpenSea. Holding NFTs unlocks exclusive benefits, aligning with WEPE’s community-centric roadmap.
What this means: This is bullish for WEPE because NFTs deepen holder engagement and create utility beyond speculation. However, NFT success hinges on sustained community participation. (Source)
Conclusion
WEPE’s updates prioritize ecosystem expansion and deflationary mechanics over codebase changes, leveraging Solana’s infrastructure and NFTs for growth. While burns and migration enhance scarcity, will developer activity shift to Solana-specific optimizations post-transition?