New L2 memecoin Pepe Unchained Raises $5M ahead of presale price increase
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Pepe Unchained is making waves, raising over $5M in its presale, with $1M just last week.
Pepe Unchained (PEPU) might be the new kid on the block, but it’s already causing a stir. Currently within its presale phase, it has raised over $5 million so far. A staggering $1 million of that came in the last week.
Today, investors can snag PEPU for $0.0086304. However, this price is expected to rise throughout the campaign, with the next increase in one day.
Attention is soaring for Pepe Unchained; analyst predicts 10x
All eyes are on Pepe Unchained. Per CoinGecko data, the total memecoin market cap is down 1.4%. But at the same time, Pepe Unchained is racing ahead.
Its total raise has just crossed $5 million, and top industry players are singing its praises. The project caught Jacob Bury’s attention two weeks ago when the presale hit $3 million. He called it a “10x potential meme coin” and said he has “never seen a meme coin like it.”
And it’s not only Bury paying close attention. The 99Bitcoins YouTube page went even further and said Pepe Unchained could 100x. Meanwhile, ClayBro says it could produce “Pepe-like gains.”
Indeed, with a Pepe- reminiscent exterior, it would be easy to disregard Pepe Unchained as another imitation project. But that’s far from the truth – Pepe Unchained is building something changing.
PEPU is the first memecoin with its own Ethereum layer 2 blockchain
In an absolute first for the memecoin industry, Pepe Unchained is building a Pepe-themed blockchain. Embracing the iconic spirit of Pepe, the new outfit will provide a home for meme coin enthusiasts to let their imaginations run wild.
The possibilities for such a use case are endless. And it’s helped in no small part by Pepe Unchained’s technological prowess. The blockchain is an Ethereum layer 2.
This means it connects to the Ethereum network using a dedicated bridge. But here’s where it gets interesting: Pepe Unchained will be much cheaper and 100x faster than the Ethereum main network.
And in keeping with Ethereum’s ideological values, Pepe Unchained has a block explorer, ensuring openness and transparency on the network.
There is also a staking mechanism that is already live. This is a fantastic way for investors to grow their PEPU holdings – even without the price increasing.
Currently, Pepe Unchained staking offers a 369% APY. As such, investors can expect around a 1% ROI daily. But these huge rewards won’t last forever. The APY will decrease as more tokens are staked. So, those seeking to compound their investment should not wait around.
With technological advancements over Ethereum and Pepe’s memetic spirit, Pepe Unchained has a recipe for success. It’s the first of its kind, and the presale’s momentum shows investors can’t get enough.
A storm is brewing as Ethereum ETFs generate $1B, good news for Pepe Unchained
After months of anticipation, Ethereum ETFs went live on Tuesday. Apprehension swept the market – would Wall Street embrace ETH like they did BTC? The answer was an overwhelming yes.
On the opening day, $1 billion in trading volume took place, and the ETFs saw a net inflow above $100 million.
Despite this good news, crypto prices took a tumble, with the industry’s total market cap down 1% today. However, we saw a similar setup following the BTC ETF launches, but prices exploded in the following months.
Should history repeat itself, the next crypto bull rally may be in reaching distance. Through recent months, Pepe has proved to be a “beta play” on ETH. This means its price mimics Ethereum’s, except with more volatile swings.
When the Ethereum ETFs got approved, Pepe exploded 3x to a new all-time high.
So, given the bullish outlook for ETH, Pepe could be looking at another big rally. But now, Pepe Unchained has entered the market, and its unique use case could make it a Pepe beta play. In other words, it could provide even bigger returns than the original Pepe.
However, the Pepe Unchained presale price will rise in one day, prompting potential buyers to act quickly.
For more information, visit the Pepe Unchained presale website, follow the project on X, or join its Telegram community for the latest updates.
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