As Interest in $PEPE Dwindles, Pepe Unchained Reaches $3 Million in Presale

Less than a month after kicking off its presale, Pepe Unchained ($PEPU) has already raised over $3 million, and what's even more amazing is that it is attracting big investments each week.

This new meme currency, which claims to "make Pepe great again," is now receiving about $1 million in weekly funding, and its early backers are betting that it will outperform Pepe ($PEPE ), its predecessor, and maybe double that amount in the coming weeks.

Among meme currencies this year out, guiding the surge in Q1 and rewarding early investors with an incredible 1,235% gain.

Pepe Unchained, on the other hand, have the witchcraft necessary to equal and even surpass the success of $PEPE . Its own Layer 2 chain atop Ethereum gives it the ability to conduct transactions more quickly and at lower cost.

The native token, $PEPU, is now priced at $0.0083591 in the presale, but it will rise to $0.00839260 in less than two days.

In the last day, the meme coin sector has seen a 3.7% increase, reflecting a glimmer of optimism in the larger cryptocurrency market after almost a month of despair.

Some meme coins have stopped going red, but the 2024 meme coin boom's biggest stars, like our frog buddy $PEPE , are starting to fade.

With a peak of $0.00001718, it has fallen 46% and lost 26.8% in the last two weeks.

Things don't stop however. Since reaching a high in late June, Coinalyze's aggregated open interest has been on the fall, suggesting a decrease in interest in trading its futures contracts. The majority of positions have already been liquidated.

Also, negative funding rates have been there since the middle of June, so short sellers are really paying for long sellers, which is bad news for $PEPE .

According to the article below from Whale Alert, the world's second-largest centralized exchange, Bybit, has received 9 trillion $PEPE a whale, heightening the drama:

#PEPE $PEPE #PEPEBUY