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Cryptocurrency News Articles

Pepe Unchained ($PEPU) Shoots 500% After $74M Presale, Can It Be the Most Profitable Meme Coin?

Dec 13, 2024 at 06:32 pm

Crypto's hottest new meme coin, Pepe Unchained ($PEPU), is shooting more than 500% after a phenomenal presale period that took in $74M in investments.

Pepe Unchained ($PEPU) Shoots 500% After $74M Presale, Can It Be the Most Profitable Meme Coin?

Crypto’s hottest meme coin, Pepe Unchained ($PEPU), is shooting for the moon after a phenomenal presale period that took in a cool $74M in investments.

This means Pepe Unchained could easily be the most profitable meme coin in the Pepe family going into 2025. Considering that $PEPU only hit Uniswap on Tuesday, it’s already netted over 5x returns for presale investors, and the momentum shows no signs of slowing.

As the chart shows, frequent cup-and-handle patterns highlight just how bullish buyers are for the token, which is clocking in new all-time highs by the hour.

Earlier this morning, Pepe Unchained hit an all-time high of $0.57, then beat it 8 hours later with a new high watermark of $0.62. A value 543% higher than its initial launch price of just under a cent, according to CoinMarketCap.

Now, $PEPU has pulled back to $0.58 as inventors do a spot of profit-taking. However, it’s still up 520%, which indicates the rally is far from over, and it seems this is a coin that holders will want to have diamond hands for.

That’s because, based on the historical performance of fellow Boy’s Club inspired coins like Pepe, Brett, and Pepe Coin, HODLers could be in line for 100x or 200x upside potential.

Pepe Unchained currently has a market cap approaching half a billion, with a 24-hour trading volume of around $4M. That means about 9% of $PEPU in circulation was traded in the last 24 hours, so clearly, the buy-to-HODL sentiment is strong in this meme coin community.

And with plans to list on top-tier centralized exchanges (CEXs) – Binance, Coinbase, and OKX are some of the rumored names, but nothing is confirmed – and a $4M liquidity pool locked for 11 months, $PEPU is looking to top the meme coin sector as lucratively as it topped the presale market.

Why Have Degens Loaded Up on Pepe Unchained?

Pepe Unchained’s presale began at the end of June 2024. It was a successful multi-million dollar presale by any metric, raising around $3M by autumn.

However, it wasn’t until the runup to the November re-election of a pro-crypto president, Donald Trump, that a tsunami-sized wave of hype built up around the $PEPU token and its proprietary Ethereum Layer-2 (l2) ecosystem.

First and foremost, it’s worth stressing that Pepe Unchained is like no other meme coin. In fact, it’s debatable whether it is even a meme coin or a high-functionality cryptocurrency that taps the viral appeal of meme coins.

See, Pepe Unchained is actually an entire ecosystem. At the heart of the project is its very own proprietary L2 blockchain, which is cheaper to transact with and 100x faster than Ethereum’s Layer-1 (L1). This will house a decentralized exchange (DEX) that facilitates cheap swaps between $PEPU and supported tokens.

Pepe Unchained also includes a dedicated block explorer to monitor transactions on the L2, along with a bridge for instant, low-cost bridging between Pepe Unchained and Ethereum’s L1.

Finally, Pepe Unchained has plans for major expansion. The team will achieve this through the Pepe Foundation, which will fund community-verified projects with a developers’ grant to build an entire ecosystem with the best developers in the space.

So, given the fact that Pepe Unchained has solid fundamentals and a clear plan, it’s no surprise that it has become the hottest meme coin presale this year, bagging $74M in funds before it even left the starting gate.

Is Elon Musk HODLing Pepe Unchained?

There’s another twist. You see, the pro-Trump and pro-meme coin Tesla/SpaceX/X CEO Elon Musk may have recently bought a Pepe coin.

Trump has hired Musk to head an organization that will serve as a watchdog for US government efficiency. Musk came up with the name Department of Government Efficiency. The acronym spells DOGE, a meme coin with which Musk had a very public flirtation during the industry’s 2021 bull run. A tweeted DOGE reference from Musk would send Dogecoin’s prices rallying.

This time, he’s tweeting Pepe memes, and one Pepe-themed coin is rallying harder than any other: Pepe Unchained.

Wall Street Pepe Blasts Onto the Meme Coin Scene With $8M Raised Already

The Pepe fun doesn’t just end with Pepe Unchained this Christmas. One new Pepe coin hit the market a little over

News source:bitcoinist.com

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Other articles published on Dec 14, 2024