New meme coin layer-2 taking crypto by storm as Pepe Unchained ($PEPU) presale rocked past $8.3M raised in PEPE ecosystem revival.
Pepe Unchained achieved a major milestone by reaching $8 million in funding on Saturday. Since then, the project has added another $310,000 to bring its total funds raised to $8.31 million on Monday.
The next target of $9 million is in sight and $PEPU has all the momentum it needs – which all the market downturns this year have not been able to stop – to surpass this target by the end of the week.
In a recent update on X (formerly Twitter), Pepe Unchained announced that its Layer 2 solution on Ethereum is approaching launch. While this is positive news, it may also suggest that the project’s capital-raising efforts are possibly nearing completion, as its website states that the chain will go live once the presale ends.
Once the presale concludes, it may become difficult for investors to acquire $PEPU at its current rate. However, since there is no official confirmation yet, there is still an opportunity to purchase tokens at a discount.
The price of $PEPU is currently $0.0090178, an already 12.72% increase from its initial presale price of $0.008. However, the price is expected to rise to $0.00905390 as another fundraising stage comes to a close in less than 23 hours.
Are you ready to connect to the first meme coin layer 2? It’s coming soon!🐸🧠 pic.twitter.com/4Dgs0pSkot
— Pepe Unchained (@pepe_unchained) August 11, 2024
Bitcoin and meme coins are down with the Monday blues – not $PEPU though
The recent drop in Bitcoin’s price from $61,858 on Sunday to under $58,000 led to a 3.7% decline in the overall crypto market on Monday. Trading volumes also fell significantly, with $65.31 billion traded compared to $247 billion the previous week.
Top meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) experienced declines of 5.1%, 4.4%, and 5.4%, respectively, contributing to a 9.2% drop in the broader meme coin sector.
A likely catalyst contributing to the Monday blues was the $178 million in liquidations affecting over 69,000 traders in the past 24 hours, according to CoinGlass. Liquidations occur when a trader’s position is automatically closed because their account falls below the required margin.
The bullish wave for meme coins earlier this year has yet to see a resurgence, as the initial excitement has given way to a more subdued market. It appears that investors are now seeking more than the typical offerings of standard meme coins.
While meme coins are generally not known for technological innovation or advancing blockchain scaling, Pepe Unchained seems to be breaking this mold. Its unique features appear to meet the evolving expectations of investors.
Despite not yet being listed on exchanges, Pepe Unchained has consistently attracted huge investment inflows in its presale, with capital coming in day after day.
Pepe Unchained Layer 2 gives what Pepe lacks: utility
Investors are flocking to Pepe Unchained’s presale because of its promise to solve the limitations of its predecessors. Ethereum-based $PEPE and Pepecoin ($PEPECOIN) have been criticized for being expensive to acquire due to their network’s high gas fees, slow transaction times, and limited practical utility.
Pepe Unchained aims to resolve these issues with its own Layer 2 solution, which makes transactions faster and cheaper.
This Layer 2 technology not only enhances the efficiency of acquiring Pepe but also supports the creation of a new ecosystem. This could include a range of tokens with various applications in DeFi, NFTs, AI, and, of course, meme coins. The potential for growth is comparable to that of other Layer 2 solutions on Ethereum, such as Base Chain, which has rapidly emerged as a leading launchpad for meme coins within a year.
What sets Pepe Unchained apart from Base Chain is its inherent meme coin appeal. Investors recognize its potential to become the new hub for meme coins, which is why presale participants are eager to commit their newly purchased $PEPU for the long term through Pepe Unchained’s staking protocol.
Currently, about 681 million $PEPU, or approximately 65% of the presale funds, is staked, which is why influential crypto YouTuber Zach Humphries highlights that Pepe Unchained’s enhanced utility could position it for massive success in the meme coin space.
How to join the presale before Pepe Unchained’s new Ethereum Layer 2 is launched
To join Pepe Unchained’s presale while its Layer 2 chain is still in development, visit the official website, connect your wallet, such as Best Wallet, and purchase $PEPU using ETH, USDT, or BNB. Credit cards are also accepted.
As mentioned, presale buyers have staked their $PEPU, which you can also do to enjoy a passive income with a rate or 235% annual percentage yield (APY).
Rest assured, Pepe Unchained’s smart contract has passed a thorough audit by Coinsult and SolidProof, with zero critical issues.
See Pepe Unchained reach the $9 million milestone this week, buy $PEPU today.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
