Wall Street Pepe has burned over 400 million WEPE tokens as it transitions from Ethereum to Solana. This move is part of a strategy to leverage Solana's lower transaction costs and accessible launch platforms for meme coins. The project has already burned more than 2% of its Ethereum supply and plans to continue this mechanism after the token generation event (TGE). The presale remains open, offering Solana users the opportunity to secure allocations before the official launch.