New meme coin Pepe Unchained has now raised $2.3 million in its increasingly popular presale, attracting new investors as the wider cryptocurrency market suffers big losses today.
A layer-two network for Ethereum, Pepe Unchained has been enticing supporters via its promise of faster and cheaper transactions for traders.
It promises to develop an ecosystem for DeFi and meme tokens, while its greater efficiency will also allow it to offer double the staking rewards.
And given that it could rally big once it lists, it’s no wonder that investors have been turning to it while the wider market struggles.
New Meme Coin Defies Market Crash, Raises $2.3 Million Amid Crypto Turmoil
Pepe Unchained opened the presale for its native PEPU token last month, and it has quickly begun gaining momentum.
Its raise total stood at only $200,000 as recently as June 19, yet this total has since risen by just over 1,000% in a couple of weeks.
It currently stands at $2,336,252, having passed the $2 million mark a couple of days ago.
$2M raised in record time!
Pepe's blockchain is on fire. Thank you for the incredible support! Get ready for even more exciting developments
pic.twitter.com/yQcveiQO1X
— Pepe Unchained (@pepe_unchained) July 2, 2024
This highlights how the project is gaining mass at an accelerating rate, with investors evidently impressed by its combination of meme token appeal with solid utility.
It potentially also helps that its presale comes at a time when traders are selling major tokens and looking for newer investment vehicles, with new meme coins and presale tokens such as PEPU winning many people over.
In PEPU’s case, it appeals lies with its plans to launch a layer-two network for Ethereum, with a focus on providing a hub for meme token trading and DeFi.
Its specs look promising, with the platform offering transactions that will be 100x faster than those recorded on Ethereum, making it much more useful for investors who need a quick turnaround between trades.
Its greater efficiency will also enable it to double the staking rewards it would have provided as a token operating directly on Ethereum.
Yet at the same time, it will also launch a bridge between its own network and Ethereum, permitting investors to transact instantly between the two platforms.
This all makes it a highly promising layer-two, one which could become a rival to existing L2s such as Base, Optimism and Abritrum.
Strong Presale Could Lead to a Strong Listing
Investors interested in joining PEPU’s sale can do so by going to the official Pepe Unchained website, where they link their wallets and buy accordingly.
PEPU is currently selling at a price of $0.0082596, although this will rise incrementally with each new stage of the sale.
Of course, the coin’s fundamentals should mean that it rises well beyond this level once it lists.
It will do this once the sale is over, beginning with DEXes such as Uniswap and then moving on to centralized platforms.
It’s likely to follow in the footsteps of other meme coin presales this year, with the most successful often rallying well beyond their sale prices.
For instance, Smog (SMOG) rose from $0.0285 to $0.336 in the month following its early February listing, while Slothana (SLOTH) sold at $0.019393 during its sale and then quickly rose to $0.04079 upon listing.
While there’s never any guarantee that PEPU will match such performance, its fundamentals give it every chance of having a strong showing once its sale ends in the next few weeks.
Buy PEPU Now
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