As PEPE Token Price Dips, A Strong New Competitor Emerges

Meme coin stalwart $PEPE has seen a relatively sharp decline in recent days, bleeding down close to 20% on the weekly chart. Still though, with an overall market cap of over 5 billion, it is a strong contender to overtake DOGE as the number 1 in the future. For now, its fate seems linked, if not directly tethered to the price action of Ethereum–which has also faltered this week.

This is the gamble traders take when they decide to purchase the top meme coin on the Ethereum blockchain. Despite market enthusiasm, Pepe’s price action is now, and forever will be mirroring the price of ETH. It’s for this reason that many traders have turned their attention towards a new meme coin called Pepe Unchained.

Pepe Got His Own Blockchain

After over 1 year of Pepe dominance on the Ethereum blockchain, someone has finally created a Layer 2 Pepe chain. In hindsight, it should have probably been done a long time ago, but the developers of Pepe Unchained may have created the future of meme coins with their Pepe Layer 2 solution.

As per the website

“Pepe Unchained is the future of meme coins. A Layer 2 blockchain built for Speed, Security, Low Fees–and of course–Memes.

$PEPU token powers the entire ecosystem. You’re early enough to witness a new golden age of Meme Coins. With Pepe in his rightful place as King, and the Pepe Unchained Layer 2– his Kingdom.”

In plain English, Pepe Unchained is improving upon the traditional Ethereum Layer 1 by improving speed, lowering fees, and creating $PEPU, a native token that powers the ecosystem.