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Cryptocurrency News Articles
Pepe Unchained ($PEPU) Raises $18 Million to Build the World's First Pepe-Themed Ethereum Layer 2 Blockchain
Oct 10, 2024 at 10:01 am
With over $18 million raised, Pepe Unchained ($PEPU) is ready to unshackle meme coins from Ethereum’s high fees and slow speeds.
Pepe Unchained ($PEPU) is raising funds to build the world’s first Pepe-themed Ethereum layer 2 blockchain. With over $18 million raised so far, Pepe Unchained is now separating itself from every other initial coin offering (ICO) token in terms of presale success.
No other cryptocurrency – never mind meme coin – comes close to Pepe Unchained’s presale success. The only ongoing presale that has raised more is BlockDAG, which has been ongoing for over one year. Pepe Unchained is rapidly closing the gap after just a couple of months.
But with the Pepe Unchained presale, investors are incentivized to act quickly. The current price is $0.00994, but this will rise throughout the ICO, with the next uptick in under one day.
Those who miss out on the presale will have to wait until Pepe Unchained launches on tier-1 cryptocurrency exchanges, which is expected to happen in Q4 2023. At that point, the price of $PEPU will likely increase significantly.
Here’s a closer look at what makes Pepe Unchained so special and why it’s attracting so much attention from investors.
A Meme Coin With Its Own Blockchain
Pepe Unchained is building an industry-first product: a meme coin with its own blockchain. This is something that no other meme coin has ever done before.
The presale is offering traders a chance to participate from the start. Presale buyers will also be able to stake their investment to generate further rewards.
Currently, Pepe Unchained staking offers a 119% APY, but this will decrease over time. Over 1.3 billion $PEPU have already been staked, showcasing the community’s steadfast appetite to generate tokens.
This is a good sign for its exchange launch, with this demand signaling there will be a lot of buying pressure, which would bolster the $PEPU price.
Social Media Buzz and Community Growth
Interest in $PEPU is also apparent on social media, with over 39,000 people following its X account and over 9,000 in its Telegram community.
The project is generating a lot of buzz and excitement, which is likely to continue to grow in the lead-up to its exchange launch and the unveiling of the Pepe Chain.
A Hub for Meme Coins in Crypto’s Most Valuable Ecosystem
Pepe Unchained is taking all the steps of a project that will succeed. The team recently announced that the ‘Pepe Chain’ will launch immediately after the presale, which is expected to commence in Q4 2024.
Pepe Chain will have a dedicated Ethereum bridge, a block explorer, and a decentralized exchange. It’s a robust setup that could well become Ethereum’s new home for meme coins.
There’s currently no Ethereum layer 2 blockchain designed solely for meme coins, leaving a gap in the market for the Pepe Chain.
And here’s something else: the Ethereum network remains the decisive leader among smart contract-enabled blockchains when it comes to liquidity.
According to DeFiLlama, Ethereum has over 8x more total value locked (TVL) than its main competitor, Solana. So, through Pepe Chain’s dedicated Ethereum bridge, there is a clear pathway for significant capital inflows.
Analyst: Pepe Unchained Could Be the Next Pepe
All of this has generated considerable excitement among analysts, with ClayBro recently telling his audience to “prepare for major gains.”
ClayBro pointed to growing chatter that Pepe Unchained could be the next Pepe thanks to its meme coin allure paired with technical innovations – such as improved transaction capabilities and low fees.
Secure $PEPU Before Tier-1 Exchange Listings and Developer Grants
Pepe Unchained is available at a discounted price via the presale. However, this price could rise significantly once it goes live on exchanges.
This is due not only to its innovative use case but also to other plans the team has lined up. A recent update revealed they’re in talks with tier-1 exchanges and will launch a developer grants program in Q4.
Tier-1 listings would put $PEPU in front of more investors, and developer grants would incentivize ecosystem growth and drive adoption.
Pepe Unchained is carving a new space inside the Ethereum ecosystem for the $52 billion meme coin market. It’s a use case with serious potential, and with $18 million raised, investors clearly don’t want to miss out.
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