Pepe Unchained ($PEPU) is on fire, sizzling past $5 million in funding and adding over $500,000 just before the weekend party.
The new meme coin, featuring its own Layer 2 chain on Ethereum, is ready to keep the heat going, with its momentum strong enough to hit $7 million – or beyond – in the week ahead.
Investors are buzzing with excitement for Pepe Unchained because it offers them an opportunity to finally own a Pepe in their wallets, minus the slow transactions and high gas fees that its Ethereum-based precursors are notoriously known for.
Plus, the current presale allows investors to take advantage of owning a Pepe at a discounted rate, as it is still not available on major exchanges.
At the price of $0.0086649 per $PEPU token, investors can already enjoy the new and improved version of Pepe. But hurry, as this price is set to increase to $0.00869960 in less than 24 hours as it smashes yet another presale stage.
It’s a Pepe summer fête and Pepe Unchained is the life of the party
Meme coins have risen by 2.4% in the past 24 hours, but this is more of a Pepe party than anything else.
The oldest Pepe in the book, PepeCoin ($PEPECOIN), has gained 3.95%, while Pepe’s best friend on Base, Brett ($BRETT), is up by 6.34%.
Pepe’s other small-cap friends, such as his weed-smoking buddy Landwolf ($WOLF), jumped by 6.86%, while his hotdog-loving pal Andy ($ANDY) is up by 6.30%.
But the biggest winner among the younger pack is Bird-Dog ($BIRDDOG), which is up by 65.5% in the past 24 hours, as seen in the chart below:
Notably, except for Brett, Pepe and the rest of the gang are still constrained by Ethereum, with its high fees and slow transaction processing.
Perhaps that’s why $BRETT is the only one among Pepe’s friends that has at least eclipsed the billion-dollar mark with a $1.2 billion market cap.
And it is perhaps high time that the old $PEPECOIN and even its market-leading newer version, Pepe ($PEPE), get an upgrade to lead another bull run while summer is underway.
Put meme coins to good and improve Ethereum
Not too long ago, Ethereum founder Vitalik Buterin said that while he is not against meme coins, they should be put to good use, and that is precisely what Pepe Unchained is doing, but with its own twist.
Pepe Unchained embodies every essence of “put to good use” as it puts its giga brain to work to create its own Layer 2, which enhances everything that Ethereum has to offer.
Its own Layer 2 means faster transactions, lower fees, and higher capacities.
This means that Pepe lovers can now enjoy the same Pepe-flavored token with a much-improved experience, a sentiment echoed by Austin Hilton, a popular YouTuber with over 272,000 subscribers:
But best of all, Pepe Unchained’s own chain is also its own new ecosystem. This means that it could potentially launch DeFi tokens, NFTs, or even other meme coins.
It could even unchain all of its friends like Landwolf, Bird-Dog, and Andy, freeing them from the crushing grip of Ethereum.
Now that’s putting meme coins to good use.
Pepe has broken his chains with his own layer 2 blockchain solution:
Instant bridging between ETH and Pepe Chain
Join the future with Pepe Unchained!
pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
Join the presale, as funds will likely top $7 million next week
Pepe Unchained reserves about 20% of its 8 billion total $PEPU token supply for the ongoing presale, equivalent to 1.6 billion $PEPU.
Investors who have bought this allocated supply have also taken advantage of its staking feature, which boasts an APY of 349%.
About 458 million $PEPU has already been staked, translating to approximately $4 million of the total presale funds. This indicates that investors are expecting big things for Pepe Unchained’s future, as the majority of the new tokens bought are locked up for staking.
That’s why the target of reaching $7 million in the coming week is not implausible.
So, for would-be investors, you are still early to the party! Head over to the Pepe Unchained website, connect your wallet, and buy $PEPU with ETH, USDT, or BNB. Credit cards are also accepted.
Rest assured, Pepe Unchained’s smart contract has undergone a full audit by Coinsult and SolidProof, revealing zero critical issues in its code.
Just as Vitalik Buterin said, put meme coins to good use – so buy $PEPU now.
The post Pepe Unchained Smashes $5.5M Milestone, Raises Over $500k in Less Than a Week appeared first on Cryptonews.
