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Cryptocurrency News Articles

Pepe Unchained presale surges past $6.7M despite meme coin downturn, poised for next big rally

Aug 05, 2024 at 03:16 pm

Despite the current slowdown in the meme coin market, Pepe Unchained ($PEPU) has impressively exceeded $6.7 million in its presale

Pepe Unchained presale surges past $6.7M despite meme coin downturn, poised for next big rally

Pepe Unchained ($PEPU), the highly anticipated and rapidly growing meme coin, has now surpassed $6.7 million in presale funds, setting its sights on the $7 million mark by the week’s end.

Investors are flocking to Pepe Unchained, which boasts its own Layer 2 blockchain on the Ethereum network, as the ultimate version of Pepe ($PEPE) and PepeCoin ($PEPECOIN).

With $PEPU preparing to be listed on major exchanges, investors will gain a faster and more cost-effective way to acquire Pepe.

Currently, while this ultimate version of Pepe is still under development, interested investors can purchase $PEPU in the presale at $0.008804.

However, time is of the essence, as the price will increase to $0.00883960 in less than 14 hours as the next presale stage begins.

Why Are Investors Buying Pepe Unchained Amidst Meme Coin Struggles?

It's no secret that meme coins have had it rough recently. The strong growth seen in the first half of the year has largely fizzled out as we move into the second half.

Previously leading coins, like Floki ($FLOKI), have seen a 7.71% decrease in the last month. Brett ($BRETT) saw a 25% decrease in the same period, and Pepe is down by 8.66%.

The meme coin index, which tracks the top six meme coins by market cap, has decreased by 6.29% in the past month, while all meme coins collectively decreased by 5.3% just in the last 24 hours.

This decrease in prices has led analysts to conclude that the initial excitement has died down, attributing the change in market sentiment and reduced enthusiasm as the main causes.

Still, despite the challenges faced by meme coins, Pepe Unchained stands out as an exception, attracting substantial investment over the past month while most tokens have been declining.

On its launch day, Pepe Unchained raised over $200,000, and since then, its funding has surged by an impressive 3,266%, effectively positioning itself as a major player in the meme coin space.

Investors Aren’t Just Buying Pepe Unchained; They’re Staking $PEPU

The significant excitement generated by Pepe Unchained since its launch is a clear indication that the market has not given up on meme coins just yet.

In fact, the willingness of Pepe Unchained investors to stake a large portion of their newly acquired $PEPU supports the argument that meme coins remain viable.

Approximately 555 million $PEPU tokens have been locked into Pepe Unchained’s staking protocol, which accounts for 72% of the presale funds raised in dollar terms.

BUY $PEPU NOW AT ITS LOWEST PRICE POINT

The substantial amount of $PEPU being staked suggests that investors' confidence in the project goes beyond making a quick profit post-listing. Instead, it demonstrates a genuine commitment to establishing it as the preferred Pepe token for digital asset enthusiasts.

As a result, the market remains in a holding pattern, with the crypto fear and greed index staying neutral following Bitcoin's recent attempt to surpass its all-time high.

Everyone is waiting for that one spark to ignite the next significant rally, and Pepe Unchained has the potential to provide that catalyst.

Pepe Unchained Has the Potential to Trigger the Next Meme Coin Supercycle

Why is there so much investment in Pepe Unchained, and why are investors in it for the long term?

The answer is simple. Pepe Unchained is much more than just another meme coin.

Not only does it provide a fast and economical way to acquire a crypto Pepe token, but it also introduces a new blockchain on Ethereum – a Layer 2 chain with its own consensus mechanism and blockchain explorer, essentially forming a whole new ecosystem.

It’s like giving Pepe his own exclusive space where he can invite other characters like Brett and Andy ($ANDY) to join in – and yes, they are also unchained.

With these features, $PEPU is poised to be a leader in the anticipated meme coin supercycle in the coming months.

As anyone familiar with crypto knows, the market is full of surprises; often, all it takes is one major event, a viral post, or an engaging meme to reignite excitement. Pepe Unchained is designed to capitalize on these opportunities.

Investors may have moved away from established meme coins and are now seeking something new to revive market excitement. The older, slower Pepe tokens just don’t meet the mark anymore.

How to Join the Pepe Unchained Presale While the Opportunity is Still Fresh

Getting involved early is always a wise strategy. At this moment, it’s like catching the first signs of a big news story – once Pepe Unchained becomes widely recognized and listed on major exchanges, it

News source:techpoint.africa

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