Two New Meme Coins, Moo Deng and Pepe Unchained, Are Gaining Traction With Moo Deng Reaching a $70 Million Market Cap and Pepe Unchained Raising $15 Million in Its Presale

The Solana meme coin Moo Deng (MOODENG) and the new ICO Pepe Unchained (PEPU) tokens both reached considerable milestones.

Two meme coins are making waves in the crypto space, with Moo Deng (MOODENG) reaching a $70 million market cap and Pepe Unchained (PEPU) raising $15 million in its presale.

Moo Deng, a two-month-old pygmy hippopotamus from the Khao Kheow Open Zoo in Thailand, went viral with over 25 million views—and now a meme coin to boot.

The Moo Deng token (MOODENG) reached a market cap of $70 million within a few days of its launch two weeks ago.

The coin's virality has garnered attention from the biggest Moo Deng fan page on Twitter (which now has almost 39,000 followers, compared with the 10,000 people who hold the coin).

This momentum on social media has also seen MOODENG become the fourth-biggest meme coin on the site Pump.fun, climbing above significantly better-resourced tokens like Billy (BILLY), Smoking Chicken Fish (SCF) and even Daddy Tate (DADDY)—the meme coin endorsed by controversial personality Andrew Tate.

But while Moo Deng's virality continues to transcend, another project is making waves on social media crypto for a very different reason: bringing the latest in cutting-edge technology to the meme coin niche.

Pepe Unchained: $15 Million Raised and Counting

While Moo Deng is using cuteness to propel its baby hippo coin to its present market cap, PEPU is exploiting both faddish meme coin culture and technological innovation.

The initiative has just cleared its largest hurdle, with its presale raising $15 million—and it's far from a stopping point.

BUY $PEPU NOW AT ITS LOWEST PRICE POINT

Pepe Unchained is aiming to solve the scalability issue relating to meme coins. PEPU is a layer-2 solution that specializes in meme coins. Being a blockchain structure built for meme coins, PEPU can be easily utilized on protocols like Ethereum to further scale them due to their excessive network congestion when it comes to high volumes of trading.

In essence, Pepe Unchained is offering something other than just another meme coin. It's a technical solution that claims to make trade particularly suited for "fly-off-the-handle" meme coins faster, cheaper and more intuitive for trading.

The presale has attracted interest from Dogecoin (DOGE) and Shiba Inu (SHIB) investors who missed the beginning of the meme coin boom. Pepe Unchained still gives them a chance to invest early in a cranked-up version of the original meme, this time fused with practical blockchain applications.

Early investors can buy PEPU tokens currently at a price of $0.00985, with the price set to increase in a matter of days. The project currently has over 15,000 followers on Twitter and 7,500 members on Telegram.

Alongside its technical features, Pepe Unchained has also started a "Pepe Frens With Benefits Collective" that gives blockchain developers financial rewards for working on applications built on the PEPU layer-2.

INVEST IN $PEPU EARLY BEFORE IT BECOMES NEXT 100X CRYPTO

Pepe Unchained is garnering attention from mainstream crypto analysts such as ClayBro, a YouTuber who recently described PEPU as a balance of "meme culture and developing tech" and predicting that this combination will drive the price up.

PEPU will offer competitive early investor staking rewards, with early investors able to earn an annual yield of 150%. The project has already seen a staggering 1 billion tokens staked by retail and institutional investors.

With Moo Deng hitting a market cap of $70 million and Pepe Unchained selling $15 million of tokens in a matter of weeks, these meme coins are showing no signs of slowing down. Keep an eye out for PEPU tokens before the price hike.