Bitcoin Depot, once the largest crypto ATM operator in North America, filed for bankruptcy on May 18 and shut down its entire network of more than 9,000 machines, closing one of the oldest physical access points in the new crypto space overnight.
The collapse happened after tightening regulations and rising fraud costs made the business model impossible to maintain. As one door closes, the market is watching which projects open the next one, and the Pepeto presale has gathered more than $10 Million in early capital ahead of an expected Binance listing.
Bitcoin Depot Files Bankruptcy and Shuts Down 9000 Crypto ATMs
Bitcoin Depot announced a voluntary Chapter 11 bankruptcy filing on May 18, citing regulatory pressure and a 49.2% revenue drop in the first quarter of 2026 as the main causes behind the shutdown. The company controlled roughly 28% of the entire crypto ATM market in the United States according to Bloomberg, and FBI data showed that crypto ATM fraud losses reached $389 million in 2025 alone. Several states including Indiana and Tennessee have already banned or restricted crypto ATMs entirely, and the company said the compliance costs made continuing impossible according to DailyCoin.
New Crypto Tokens Drawing Attention as Old Access Points Disappear
Pepeto Marketplace Attracts Early Buyers as $10 Million Flows Into Presale
With the Pepeto presale now past $10 Million in total capital, early buyers and fresh wallets are racing to secure positions before the expected Binance listing opens the marketplace to the full trading crowd. The new crypto market can flip in hours, but Pepeto was built by the Pepe cofounder who took the original Pepe coin from nothing to an $11 billion market cap using the same 420 trillion token supply and zero working products, and this time the name carries real tools behind it.
The project centers on two key products available on the Pepeto official website, starting with PepetoSwap, the zero fee trading layer that handles swaps across multiple chains, and a risk scorer that reviews tokens and flags potential dangers before they cost the holder money. PepetoSwap works as the front door for every trader who wants to move between tokens without losing value to fees, and the risk scorer adds a second layer of protection that most competing projects simply do not offer.
In a market where token launches can disappear as fast as they arrive, Pepeto holders get tools that separate real opportunity from noise because the risk scorer catches what a quick chart glance cannot. The completed SolidProof audit adds another advantage for presale holders because independently tested code means the smart contracts have passed a third party review, and that verified security creates a gap between early buyers and anyone entering after listing without that same confidence.
From the investment side, the numbers build a clear picture. The presale price sits at $0.0000001871 with more than $10 Million gathered from wallets worldwide, and that kind of early demand in a market that just watched a major access point collapse says something about where capital wants to go next. While some traders wait for the next big name to appear, Pepeto keeps expanding with 172% APY staking rewards and a supply structure that already produced billions in value once before.
Hyperliquid Attracts Institutional Attention After Goldman Sachs Shift
HYPE is trading near $48.30 after gaining 5.6% over the past week, drawing attention as Goldman Sachs moved capital away from XRP and SOL fund products and into new crypto positions including decentralized trading platforms. 21Shares filed for a Hyperliquid exchange traded fund earlier in May, and the token now carries a market cap approaching $12 billion as institutional interest in on chain derivatives grows.
Zcash Posts Strong Weekly Gains After Privacy Token Revival
ZEC climbed 7.5% to $562.42 over the past week, making it one of the top performing large caps in the new crypto rankings despite a turbulent start to 2026 when the entire Electric Coin Company engineering team resigned over an internal governance dispute. The privacy token has recovered sharply since January, and growing demand for confidential transactions is drawing fresh capital back into the project.
Conclusion
The new crypto market just watched one of its oldest access points shut down as Bitcoin Depot closed 9,000 machines and filed for bankruptcy, proving that the projects built on weak foundations do not last. For traders scanning the new crypto space looking for what comes next, the Pepe cofounder already proved the math works once when the original Pepe coin hit $11 billion with zero products and the same 420 trillion supply, and doing it again with a working marketplace and verified tools behind it is a pattern repeating, not a guess.
Pepeto is open now on the Pepeto official website with a risk scorer and PepetoSwap already live, and matching the original Pepe price from this entry would mean 150x with a real exchange sitting behind the number. Entering the presale now is betting on a track record that already delivered once, and the expected Binance listing is the event that proves whether the pattern held.
Click To Visit Pepeto Website To Enter The Presale
FAQ
What new crypto projects are worth watching in 2026?
Pepeto stands out because PepetoSwap and a risk scorer already work, and the Pepe cofounder connection gives it a track record most new crypto tokens lack.
Why did Bitcoin Depot go bankrupt?
Rising fraud costs and tighter state regulations made the crypto ATM model impossible to sustain at scale.
How does Pepeto compare to other new crypto presales?
Most presales promise future delivery, but Pepeto offers working tools and 172% APY staking, giving holders real value before listing.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital.
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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