Pepe Unchained Is No. 1 Trending Crypto On CoinMarketCap Even As Bitcoin Retakes $100K – Is Wall Street Pepe Next?
Release: 2024/12/12 17:49 Reading: 578
Price Surge: Layer-2 Meme Coin Pepe Unchained (PEPU) Shines
Within a 24-hour period, Layer-2 meme coin Pepe Unchained (PEPU) has experienced a remarkable 113% surge, propelling it to the top spot on CoinMarketCap's trending cryptocurrency list, overshadowing even Bitcoin's recent rise above $100K.
Since its launch on Uniswap on December 10th, the sensational new Pepe coin derivative, PEPU, has witnessed an explosion in popularity, reaching a market capitalization of $377 million and setting a new all-time high (ATH) of $0.05292. Since its inception, it has skyrocketed more than four times.
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Wall Street Pepe's Presale Success
Amidst Pepe Unchained's parabolic ascent, a rival frog-themed cryptocurrency, Wall Street Pepe (WEPE), has emerged, shaking up the sector. WEPE has raised $2.2 million in just one day, bringing its total presale fundraising to an impressive $6.45 million in slightly over a week.
This rapid pace of capital influx surpasses PEPU's early presale performance, suggesting that WEPE has the potential to match or exceed PEPU's extraordinary $73 million presale. If the current run rate continues, WEPE is poised to surpass the $50 million milestone by month's end.
Bitcoin's Influence
The surge in frog-themed cryptocurrencies has coincided with Bitcoin's recent climb from $97,305.72 to $101,913.36 within the past 24 hours, although it has since retraced to trade around $100,506.30 as of 2:55 a.m. EST.
WEPE's Future Prospects
Perfectly positioned to capitalize on the anticipated 2025 meme coin boom predicted by Bitwise, WEPE is poised for further growth. Many experts, including YouTuber Austin Hilton with 295K subscribers, are optimistic about Wall Street Pepe's future, predicting that it will "revolutionize the crypto space."
Pepe Unchained's Technological Edge
Pepe Unchained poses a formidable challenge to WEPE with its lightning-fast layer-2 network, which addresses Ethereum's scalability issues. The project has also launched a developer grant program and plans to introduce its own meme coin launchpad to rival the popular Solana-based Pump.fun.
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