The post Pepe Unchained ICO Raises Over $8M For Meme Coin Layer 2 Blockchain appeared first on Coinpedia Fintech News
Pepe Unchained ($PEPU), an Ethereum layer 2 blockchain focused on meme coins, has successfully raised $8 million at presale.
The ongoing token sale event is raising funds for the project’s development, which aims to build a memetic offshoot of Ethereum with lower fees and faster speeds.
Having raised over $8 million, Pepe Unchained is quickly becoming one of crypto’s hottest prospects.
Layer 2s like Pepe Unchained are in higher demand than ever
The meme coin market is worth $39 billion – but many tokens are literally useless.
While their light-hearted nature has worked wonders, Pepe Unchained has the best of both worlds.
It injects the meme coin buzz it into a layer 2 blockchain akin to Polygon, Arbitrum, Optimism, or Blast.
These layer 2s are changing the game.
They provide low-cost transactions within the Ethereum Virtual Machine.
And adoption keeps growing – L2Beat reports transaction activity is higher than ever.
But Ethereum Founder Vitalik Buterin thinks this is just the beginning.
He’s talking about integrating all the layer 2s as one, which would make switching between them or transferring liquidity effortless.
That would be great for Pepe Unchained, making it even easier for users to onboard.
I think people will be surprised by how quickly "cross-L2 interoperability problems" stop being problems and we get a smooth user experience across the entire ethereum-verse (incl L1, rollups, validiums, even sidechains). I'm seeing lots of energy and will to make this happen.
— vitalik.eth (@VitalikButerin) August 5, 2024
But let’s take a step back.
What exactly is Pepe Unchained, and how does it work? Allow us to explain.
Devs can create dApps, launch tokens, and much more with Pepe Unchained
Pepe Unchained is a blockchain like Ethereum, except with lower fees and 100x faster speeds.
But at Pepe Unchained’s core, it’s still a meme coin.
This should not be overlooked.
Most of the other joke tokens are content with a funny animal picture. But not Pepe Unchained.
It’s building a home for meme coins.
Are you ready to connect to the first meme coin layer 2? It’s coming soon! pic.twitter.com/4Dgs0pSkot
— Pepe Unchained (@pepe_unchained) August 11, 2024
Devs could build anything their imagination allows.
Picture this: a decentralized perpetual exchange to leverage trade meme coins.
Or they could get creative, building Play-to-Earn (P2E) games, a metaverse, or even an AI project.
The possibilities are endless.
Plans are already in motion. The team has launched staking and is also working on a dedicated Ethereum bridge and a block explorer.
All of this is why Pepe Unchained is exploding.
While boasting a viral allure similar to Pepe and other top meme coins, its layer 2 utility is what has got everyone buzzing.
And because the presale is ongoing, investors have a rare opportunity to participate at the earliest stage.
It could be like buying Pepe in April 2023 or even getting into the Ethereum ICO in 2015.
Retail is returning, and $PEPU will be a clear winner
“Pepe Unchained can do so well when retail investors return.”
They were ClayBro’s words about Pepe Unchained.
He looked at Google Trends and said everyday retail investors “are nowhere to be found.”
“It seems that nobody understands what’s going on with the cryptocurrency space, the economy, the stock market, and the amount of opportunity we have in our grasp right now,” he continued.
However, ClayBro anticipates retail will return in the coming months, and he thinks Pepe Unchained will be the clear winner.
“Pepe Unchained will see its massive rally once retail investors jump back into the cryptocurrency space – this is a layer 2 built for memes,” he said.
ClayBro then underscored that the layer 2 narrative is geared toward retail investors, given that many cannot afford Ethereum’s high transaction fees.
Moreover, retail investors love meme coins.
So, combining these two things, Pepe Unchained is primed for growth.
Today, investors can buy $PEPU at presale for $0.0090178. However, this price will rise throughout the campaign. The next increase will occur in one day.
Don’t miss out. Follow Pepe Unchained on X or join its Telegram for updates. Otherwise, visit its website to buy and stake tokens.
Visit Pepe Unchained Presale
