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Looks like there’s a new frog-themed meme coin grabbing attention.
Pepe Unchained (PEPU) has exploded onto the scene, raking in over $1 million during the first week of its presale.
With its viral appeal and ambitious blockchain plans, could PEPU be the next meme coin to 100x?
Pepe Unchained Plans New Layer-2 Solution for Meme Coins
Pepe Unchained isn’t just looking to benefit from the meme coin hype – it’s aiming to make its own with plans for a meme coin-specific layer-2 network.
But what is all the layer-2 fuss actually about?
In simple terms, layer-2s are like express lanes built on top of main blockchains like Ethereum.
They’re designed to speed up transactions and slash the network fees that make small trades a nightmare.
Think Arbitrum, Base, and Optimism – these layer-2s have been excellent innovations for DeFi and NFTs.
Now, imagine that same tech but custom-built for the wild world of meme coins.
Pepe Unchained’s proposed network could be a hotbed for meme coin innovation, allowing developers to create tokens without the restrictions of the Ethereum mainnet.
But there’s more.
The developers also promise a staking protocol for PEPU, Pepe Unchained’s native token.
This protocol will feature “double rewards” and distribute them over a two-year period.
Estimated annual yields are currently set at 2,019% per year.
Of course, building a layer-2/staking hybrid is no easy feat, but if Pepe Unchained’s team pull it off, they could be on to a winner.
Iconic Frog Mascot Powers Pepe Unchained’s Popularity
While the project’s tech ambitions are exciting, let’s not forget what’s really been drawing in the crowds – the lovable green frog mascot.
Pepe Unchained is capitalizing on the popularity of the original Pepe (PEPE) coin’s iconic character, which has proven to be crypto gold.
This frog’s face has been featured on countless coins.
For example, Book of Meme (BOME) showcased Pepe in its branding and hit a $1.2 billion market cap at its peak.
Just this week, Smidge (SMIDGE), another Pepe-inspired token on Solana, saw its price rocket.
Clearly, the market still has a soft spot for this mischievous meme.
Adding to the buzz, Pepe Unchained’s team has laid out a clear roadmap for the future, outlining their growth plans.
These plans include DEX listings and further enhancements to the layer-2 network.
And this forward-thinking approach hasn’t gone unnoticed – PEPU has already snagged the #2 spot on CoinSniper’s rankings.
Could Pepe Unchained Be the Next 100x Meme Coin?
Could Pepe Unchained be the next meme coin to mint crypto millionaires?
Many in the crypto market already believe that to be the case.
Influencers are jumping on the Pepe Unchained bandwagon, with some big names throwing their weight behind the project.
With his 77,000-strong following, Crypto ZEUS urged his audience to “check it out” in a recent video.
Meanwhile, Crypto Wire claimed PEPU could be “the next breakout meme coin.”
These aren’t just casual endorsements; they signal to the community that Pepe Unchained has serious potential.
And this has led to the project’s social channels exploding.
In the past week, both Twitter and Telegram have seen a flood of new followers, all hoping to learn more about Pepe Unchained’s vision.
So, what would it take for PEPU to 100x after listing on exchanges?
Based on its current presale price, PEPU would need to reach $0.8096.
Although that might seem like a moonshot, it’s certainly not impossible in today’s meme coin market.
Hundreds of tokens (if not more) have been on wild runs like that.
All in all, while it’s still too early to tell if PEPU will reach such heights, the buzz around the token suggests it’s worth keeping an eye on.
Visit Pepe Unchained Presale
*Cryptonomist did not write the article or test the platform.