PEPE Unchained (PEPU) Promises to Be More Than Just Another Meme Coin, With Its Own Layer 2 Blockchain Coming Soon

Meme coins have soared in popularity this year, with PEPE, BOME, and DogWifHat (WIF) emerging as the top gainers, outpacing Dogecoin and Shiba Inu. Meme coin launch pads like Pump.fun and SunPump have also contributed to the meme coin mania, churning out hundreds of meme coins that experience rapid price surges shortly after launch, followed by equally quick and steep declines.

PEPE Unchained (PEPU) is aiming to create an ecosystem that extends beyond hype. The project is building an Ethereum Layer 2 blockchain, making it the first L2 to be created by a meme coin. The L2 chain will enable transaction speeds that are 100x faster than the Ethereum blockchain, allowing for transaction settlements in milliseconds. Moreover, it will achieve this efficiency at a lower gas cost.

PEPE Unchained will also allocate funds from a developer grant program to encourage developers to build on its L2 blockchain. The program, which will be available in Q4 2023, will provide PEPU with a use case that is lacking among other meme coins in the mid-cap range. It could also bring significant traffic to the ecosystem. Additionally, PEPU features a staking mechanism that offers Annual Percentage Yields of up to 118% for locked tokens.

The PEPE Unchained presale has been highly successful, raising over $18 million to date. Currently, the PEPE Unchained price is $0.0994, which will increase incrementally in the next phase of the presale.

The project has allocated 7.5% of its total supply for liquidity provision, indicating a strong launch on DEXs and CEXs after the presale. PEPE Unchained has a total supply of 8 billion $PEPU tokens, which will be unlocked gradually in small batches until the full volume enters the market in May 2026.