Latest Memetic / PepeCoin (MEME) News Update

TLDR Memetic faces technical hurdles but keeps its community buzzing with creative contests. Here are the latest updates:
1. Upbit Halts MEME Withdrawals (1 August 2025) – Network block generation freeze sparks liquidity concerns.
2. Kekspace Design Contest Launched (5 August 2025) – Rare $pepecoin rewards aim to boost engagement.

Deep Dive

1. Upbit Halts MEME Withdrawals (1 August 2025)

Overview: Upbit, South Korea’s largest crypto exchange, suspended withdrawals for MEME and five other assets due to halted blockchain block generation. This technical freeze prevents new transactions, locking users’ assets on the exchange. While trading remains active, withdrawals are paused indefinitely until developers resolve the root cause—potentially a lack of validators, critical bugs, or network abandonment.

What this means: The suspension introduces liquidity risks and short-term uncertainty for MEME holders. If unresolved, it could pressure prices if traders pivot to unaffected assets. However, network-wide issues may limit arbitrage opportunities. Upbit’s precaution aligns with industry standards, but prolonged downtime could dent confidence in smaller-cap tokens.
(CoinMarketCap)

2. Kekspace Design Contest Launched (5 August 2025)

Overview: The Memetic team announced a design contest via its “Kekspace” platform, offering 1,337 rare $pepecoin to the winner and 420 coins each to three runners-up. Participants must submit entries through a dedicated desktop app, with minted NFTs serving as submissions.

What this means: This initiative reinforces MEME’s community-driven ethos, potentially increasing holder engagement and speculative interest. Rare coin rewards could incentivize participation, though the open-ended contest timeline risks diluted momentum. NFT integration aligns with broader crypto trends but hinges on sustained user creativity.
(PepeCoins Twitter)

Conclusion

MEME navigates technical challenges while leaning into its meme-coin roots with community incentives. The Upbit freeze underscores risks tied to smaller networks, but the design contest highlights ongoing efforts to foster loyalty. Will developer responsiveness and creative campaigns offset short-term liquidity concerns?

TLDR Memetic’s codebase shows limited recent updates, with its last major technical overhaul in 2019.

1. Performance Update v3.1.1.0 (2019) – Introduced multithreading, faster syncing, and staking optimizations.

Deep Dive

1. Performance Update v3.1.1.0 (2019)

Overview:
This update optimized blockchain synchronization, staking efficiency, and wallet performance. It aimed to reduce CPU usage and improve network stability.

The upgrade introduced multithreading to handle tasks like message processing and block validation across multiple CPU cores. Sync times were cut by prioritizing peer connections and caching masternode data. Staking code was refined to minimize wallet lock conflicts, and minor bug fixes addressed crashes on Windows QT.

What this means:
This is neutral for MEME because the updates improved technical reliability but occurred six years ago. While the optimizations reduced resource strain for node operators, the lack of recent commits raises questions about ongoing development.

(Source)

Conclusion

Memetic’s codebase has not seen significant updates since 2019, with development activity focused on maintaining legacy infrastructure. The project’s GitHub repository shows no recent commits, and exchanges like Upbit suspended MEME withdrawals in August 2025 due to network instability.

What catalysts could revive developer interest in MEME’s aging codebase?

TLDR Memetic / PepeCoin’s development continues with these milestones:

1. Kekdaq Platform Expansion (Q3 2025) – Transitioning beta testing to full decentralized meme asset exchange.
2. IPFS Integration (Q4 2025) – Implementing decentralized image/data storage via blockchain.
3. Kekspace Design Contest (Ongoing) – Community-driven NFT minting initiative with rewards.

Deep Dive

1. Kekdaq Platform Expansion (Q3 2025)

Overview:
Kekdaq, Memetic’s Layer 2 NFT and meme asset exchange, is in active development (GitHub). The platform aims to enable decentralized trading of meme-inspired assets, leveraging PepeCoin’s blockchain for timestamping and ownership verification. Recent updates include multithreaded performance improvements and wallet syncing optimizations.

What this means:
This is bullish for MEME because a functional Kekdaq could drive utility for stakers and masternode operators, who earn 37.5% of POS block rewards. However, adoption risks persist if liquidity or user onboarding lags.

2. IPFS Integration (Q4 2025)

Overview:
Memetic plans to integrate InterPlanetary File System (IPFS) for decentralized storage of meme assets and political content, as outlined in its GitHub documentation. This would allow users to hash images/data on-chain, enhancing censorship resistance.

What this means:
This is neutral-to-bullish for MEME, as IPFS could attract niche use cases (e.g., meme preservation). However, technical complexity and competition from established storage protocols like Filecoin may limit impact.

3. Kekspace Design Contest (Ongoing)

Overview:
The ongoing Kekspace Design Contest incentivizes community NFT creation, with winners earning rare $PEPECOIN. Submissions are mintable as NFTs, aiming to boost engagement and platform activity.

What this means:
This is bullish short-term for MEME, as contests may increase speculative trading and social visibility. However, rewards (1,337–420 MEME) are modest relative to the token’s $0.00376 price, limiting sustained demand.

Conclusion

Memetic’s roadmap balances technical upgrades (Kekdaq, IPFS) with community-driven initiatives, though execution risks and reliance on meme culture volatility remain pivotal. Will Kekdaq’s niche appeal outweigh competition from larger NFT platforms?