Key takeaways
- The U.S. SEC has delayed its decisions on the spot Dogecoin ETF, setting a new deadline to reject or accept the proposal.
- Another memecoin, PepeX, is looking to make its debut soon and has raised over $1.7 million in its presale.
SEC delays Dogecoin and XRP ETFs
The U.S. SEC has delayed decisions on spot XRP and DOGE ETFs. The regulator has now set new deadlines of June 15 and June 17 for the two ETF applications.
The delay aligns with analyst expectations. The law gives the SEC 45 days from when a proposed rule change is announced to approve it, reject it, or start a process to decide if it should be rejected. However, the regulator can extend this period to 90 days if it thinks it needs more time to assess the applications.
If approved, the spot Dogecoin ETF will be the first exchange-traded fund tracking the performance of a memecoin. It could usher in a new era for memecoins as it would allow mainstream investors put money into memecoin projects.
What is PepeX? Another leading memecoin to debut soon
Dogecoin remains the leading memecoin in the world by market cap, but a new leader in the space could launch soon. PepeX is launching in the coming weeks and could quickly rise to become one of the leading memecoins in the world.
Its rise could be fueled by its utility as the team is launching PepeX.fun, an AI-powered memecoin launchpad to rival Pump.fun. The launchpad will allow developers to have access to world-class tools while ensuring safety and liquidity for investors.
In their whitepaper, the team revealed that PepeX.fun will eliminate the barriers developers face while protecting users from suffering rug pulls and scams.
Currently, Pump.fun’s operational model makes it hard for investors to make money. Official data revealed that only 0.4% of traders make $10k or more. However, the PepeX.fun launchpad will correct this by democratising the memecoin ecosystem and ensuring all traders have a fair share of making money.
This new launchpad will leverage AI-powered features to empower developers to launch tokens with zero coding and no complex tokenomics.
Visit the PepeX website to learn more.
The PepeX presale surpasses $1.7 million
The PepeX presale has surpassed $ 1.7 million, officially entering a new stage. The project is now eyeing the $2 million milestone as more investors are joining the project. The funds raised from the presale will be used to develop the various PepeX products.
PepeX is adopting an interesting tokenomics model. The team allocated 2.25 billion tokens (45% of the total supply) to the presale. Furthermore, 10% of its total token supply is allocated to product development, another 10% to market liquidity, 15% for product marketing, 15% for staking &rewards, and the remaining 5% as treasury.
The $PEPX token is priced at $0.0255 and will increase to $0.0268 once the presale enters a new stage. Investors can purchase $PEPX tokens using ETH, USDC, USDT, and SOL.
Click here to participate in the PepeX presale.
PepeX to change the memecoin launchpad ecosystem
PepeX seeks to change the memecoin ecosystem by introducing new and improved ways of launching the tokens. The team is launching a transparent and community-friendly neo-fair-launch platform that eases creation for developers and protects the traders.
The launchpad has anti-sniping protections and transparent bubble maps to restrict developers from hoarding a large percentage of the token supply and dumping it on investors later on.
Furthermore, developers would only be allowed to hold 5% of the total token supply. With a limited holding, developers will focus on launching projects that benefit traders and the broader market.
PepeX.fun will have an AI-powered marketing bot that connects directly to a project’s Telegram and X accounts. This feature automates shilling and implements growth strategies.
All PepeX.fun tokens will benefit from the autonomous AI marketing feature to help manage their social profiles and communities. With the presale ending in a few weeks, this could be an excellent time to participate in this unique project. Once launched on exchanges, $PEPX could become one of the top performers in the market.
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