Pepe Unchained Blasts Past $9.6M In Presale As Meme Coins Surge 9.4% In 24 Hours
Release: 2024/08/20 21:04 Reading: 724
Pepe Unchained Raises over $9.6 Million in Presale
After surpassing $9 million on August 16, Pepe Unchained ($PEPU) has garnered an additional $600,000 in just three days, bringing its total funds raised to over $9.6 million.
This milestone represents a remarkable 4,700% increase since its launch two months ago, despite a broader crypto market decline of $265 billion.
The influx of funds indicates the crypto market's growing interest in Pepe Unchained as the potential successor to leading meme coins. Its proprietary blockchain aims to make Pepe ownership faster and more affordable.
Current Price and Presale Progress
Currently priced at $0.0091996, $PEPU has experienced several price increases as investors eagerly acquire tokens during presale stages.
In less than 48 hours, the price will rise again to $0.00923640, marking the start of a new funding round and a 15.46% increase from the initial presale price of $0.008.
Meme Coin Market Performance
Despite a general market downturn in August, meme coins have outperformed, with a 9.4% gain over the past 24 hours. Dogecoin ($DOGE) and Shiba Inu ($SHIB) are among the top gainers, with 5.6% and 5.4% increases, respectively.
Pepe Unchained's namesake token, Pepe ($PEPE), lags behind with an 11.9% gain. However, expectations of significant returns like those seen earlier this year (often exceeding 45% in a single day) are unlikely due to its larger market capitalization of $3 billion.
Ethereum's Limitations and the Rise of Pepe Unchained
As Pepe remains on the Ethereum blockchain, it is subject to Layer 1 limitations, resulting in potentially high fees and slow transaction speeds. Pepe Unchained's Layer 2 chain, built on top of Ethereum, operates as an independent blockchain with its own consensus mechanism and blockchain explorer.
This design enables faster and cheaper Pepe transactions. Additionally, its blockchain enhances utility, allowing Pepe Unchained to serve as a launchpad for other tokens, with $PEPU potentially serving as the native token for transactions.
Speculation and Future Predictions
The decline in whale activity for $PEPE could indicate the market's growing interest in its alternative, $PEPU. Crypto News forecasts a rise to $0.016 by 2024, a 100% increase from its presale price. More optimistic predictions suggest a surge to $0.5572 by the end of 2024.
Purchase Options and Growth Opportunities
Investors can acquire $PEPU through the Pepe Unchained website, connecting their wallets to purchase using ETH, USDT, BNB, or credit cards.
After purchase, $PEPU holdings can be increased through staking, earning a 207% annual percentage yield (APY). The development team is actively preparing for the launch of Pepe Unchained's blockchain, with updates available on X.
For peace of mind, Pepe Unchained has undergone full audits by Coinsult and SolidProof, ensuring the integrity of its smart contract. Stay informed on its progress by joining the community on X and Telegram.
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