Pepe Unchained ($PEPU) has smashed past $9 million funds raised in its blistering new presale, only six days after hitting $8 million.
Week on week, investors have been flocking into the new Pepe token, which runs on its own proprietary Layer 2 chain on Ethereum.
Between the presale’s rapid $8 million and $9 million milestones, one mysterious whale recently put $3.13 million on Pepe ($PEPE) during the dip, splitting it into two transactions.
In a parallel development this week, there was a bustling surge of activity around Ethereum Layer 2 solutions.
Coinbase’s proprietary Base chain hit 3.6 million transactions on Monday. On Tuesday, all Layer 2 protocols collectively handled 12.44 million transactions. This demonstrates the clear growing use of scaling solutions.
Timely Pepe fever, alongside the burgeoning Layer 2 activity, are causing several prominent Web3 influencers to buy and tout $PEPU, including Austin Hilton with 273,000 subscribers.
Ongoing Pepe fever is likely to propel Pepe Unchained to $10 million right before the second-month anniversary of its presale after the weekend.
Those who buy in now get $PEPU at $0.00909010, the lowest remaining price for the remainder of its presale.
Pepe: Once A Prisoner, Now Unchained
Meme coin fans love $PEPU for its staking rewards of over 218% APY, alongside lower fees and 100x faster speeds for anyone transacting with $PEPU compared to leading ERC-20 meme coin competitors.
The token’s likely listing on exchanges after the ICO could attract rivers of new funds, so for those who are curious, there may never be a better time to buy in. An initial investment of $100 bags just over $11,000 $PEPU tokens.
The original Pepe (ticker: $PEPE) is the third-biggest meme coin in crypto with a market cap of $3 billion.
The world first saw the Pepe meme four years before Bitcoin introduced the world to cryptocurrencies in 2009. Known by his catchphrase “feels good, man”, Pepe started life as a global phenomenon in Max Furie’s noughties webcomic Boy’s Club.
He then became a strong symbol in the 2019–2020 Hong Kong protests, the largest protests in the history of the country.
Since $PEPE dropped, he has inspired many tokens but none have enjoyed quite the same success because they were all low-utility meme coins that brought nothing new to the table.
That was until Pepe freed himself from the low speeds and high transaction costs of Ethereum.
The Finer Details: $PEPU’s Layer 2 Broken Down
Pepe Unchained presents the first Pepe token to run on its own proprietary Ethereum Layer 2 blockchain.
Ethereum is Bitcoin’s number one contender, thanks to its high-functionality smart contracts.
It is the blockchain network with the most commercial activity right now, housing a community of app developers and consumers who have together made an unbeatable range of applications for financial services, gaming, and commerce.
However, Ethereum’s first layer can currently only process about 15 transactions per second (tps) which results in high congestion and larger transaction fees.
To solve this bottleneck, many Layer 2 protocols have been created. Layer 2s sit on top of the main Ethereum network and process transactions independently on a side chain, before adding them to the Layer 1 blockchain ledger.
Pepe Unchained, or $PEPU, is the first Pepe token to sit on its own proprietary Layer 2, tapping the benefits of enhanced speeds to make a meme coin a hundred times quicker and cheaper to transact with than Ethereum.
Pepe is in the incubator, getting ready to be reborn!
pic.twitter.com/yjZuDr0cee
— Pepe Unchained (@pepe_unchained) August 14, 2024
The project arrives with a dedicated block explorer to see all transactions on the Layer 2. It also offers instant and low-cost bridging between Pepe Unchained and Ethereum’s Layer 1.
Indeed, what sets Pepe Unchained apart is its ability to deliver the same fun and playful spirit of Pepe ownership – while also offering significant utility and cost-efficiency.
For meme coin and DeFi investors looking to strengthen their meme coin portfolios, Pepe Unchained is shaping up to be a hot ticket for substantial staking returns and potentially explosive trading once the presale season ends and the token hits the open market.
Pepe Unchained has been thoroughly audited by Coinsult and SolidProof, and no critical issues or concerns have been found in its smart contract.
Join the already towering $9 million dollar $PEPU wave as it rises to set a new watermark for meme coins and Layer 2 protocols.
Don’t wait – visit the Pepe Unchained presale website to join today.
The post Pepe Unchained $PEPU Presale Hurtles Past $9 Million Amidst Feverish $PEPE and Layer 2 Activity appeared first on Cryptonews.
