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Pepe Unchained presale tops $40M, funding crypto’s first Pepe-themed Ethereum layer 2 as the meme coin sector cools down.
Table of Contents
Meme coins flatline after month of gains
Watch those that hold strong on market crash
Pepe Unchained presale surges beyond $40 million
An entire meme coin ecosystem on Ethereum
After weeks of what felt like “up-only,” the meme coin sector has begun to cool down today. However, viral presale token Pepe Unchained (PEPU) shows no signs of letting up as its total raise surges past $40 million.
The presale is raising funds to build crypto’s first Pepe-themed Ethereum layer 2 blockchain, a use case appealing to everyone from meme coin fanatics to utility coin-maxis.
But after unparalleled success, the presale will close in 18 days. This means that those seeking the current fixed price must act quickly.
Meme coins flatline after month of gains
The meme coin sector has been on fire the past month, led by Dogecoin, which added $40 billion to its market cap.
However, as Bitcoin teeters below $100K, profit-taking has begun to occur and prices have plunged today.
It’s red across the board for meme coin majors, with Shiba Inu showing the most weakness with a 4.15% dive. Meanwhile, DOGE has fallen 2.38% and Pepe by 2.74%.
But it’s not just meme coins. Most large-cap cryptos have been affected by this selling pressure, which has resulted in almost $500 million in futures contract liquidations, per CoinDesk.
But despite this, some meme coins have stayed afloat.
You might also like: As Dogecoin, Pepe soar, expert says Pepe Unchained could be next 100x meme coin
Watch those that hold strong on market crash
Any cryptos that can remain above water – while everything else is crashing – are clearly doing something right.
If tokens can keep generating demand while everything else falls, it means investors have whole-hearted belief, which lays the way for significant inflows once the market recovers.
Alongside Pepe Unchained, Peanut the Squirrel, Goatseus Maximus, and Chill Guy have held up well today. They’ve pumped by 13%, 10%, and 45%, respectively.
However, these tokens already hold significant valuations. Pepe Unchained is undergoing a presale, meaning investors can still buy-in on the ground floor.
POV: Pepe is visualizing breaking his chains and getting swole doing it!It's only a matter of time now.. 🐸⛓🧠 pic.twitter.com/KZSq5KDdn1
— Pepe Unchained (@pepe_unchained) November 24, 2024
Pepe Unchained presale surges beyond $40 million
Pepe Unchained has secured $40 million in funding in what many believe is the most successful meme coin ICO ever.
The funds will be used to build the Pepe Chain, a fast and low-cost home for meme coins on the Ethereum network.
During the presale, investors can buy PEPU at a fixed rate of $0.01295.
However, once it lists on exchanges, supply and demand forces will determine the price.
Countless high-profile industry experts have hailed Pepe Unchained as having big potential once it lists on exchanges.
In a recent video, Austin Hilton told his 283K subscribers that Pepe Unchained is the “biggest meme coin launch ever.”
An entire meme coin ecosystem on Ethereum
Be warned, Solana – the meme coin season 2.0 will take place on Ethereum.
Solana’s low fees and high speeds made it ideal for meme coin trading, but Ethereum wants its crown back.
With Pepe Unchained’s heightened transactional capabilities, the Ethereum ecosystem can now compete with Solana in terms of cost and speed.
And with Ethereum’s more robust security and decentralization, combined with its increased liquidity, it’s easy to see why it could become the new home for meme coins.
Pepe Unchained will be Ethereum’s portal into “joke” tokens. It will be connected to Ethereum via a dedicated bridge and have all the essential features, such as a decentralized exchange, a block explorer, and staking.
But it’s doubling down with “Pepe Pump Pad,” an Ethereum-based reboot of Solana’s Pump.fun.
Pepe Pump Pad is a two-click meme coin generator that lets anyone create tokens without coding.
This is how many of Solana’s top meme coins, like Goatseus Maximums and Peanut the Squirrel, were created.
But now, Ethereum users can let their imaginations run wild and potentially launch the next viral joke token.
And it’s all powered by PEPU.
Investors can take advantage by joining the thousands of others who’ve participated in the presale. But with just 18 days left, there’s no time to waste.
For more information, visit the Pepe Unchained presale website.
Read more: Pepe Unchained hits landmark $30M milestone – presale ends in just 28 days
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