The post Pepe Unchained Hits $10M in ICO: Why Investors are Backing this New Meme Coin to Explode appeared first on Coinpedia Fintech News
It seems nothing can stop Pepe Unchained’s ($PEPU) presale momentum. The project is building the first Pepe-themed blockchain, and its efforts aren’t going unnoticed. They’ve just surpassed the $10 million total raised milestone through the ongoing ICO.
It’s a significant amount of cash to raise, especially for an early-stage project. So, what’s all the hype about? Let’s find out.
A home for meme coins on Ethereum with 100x faster speeds
Pepe Unchained is a fresh alternative to already-existing meme coins.
It is not just its Pepe-esque allure but also because it’s building an innovative product that could take the meme coin sector to new heights.
Pepe Unchained is creating an Ethereum layer 2 blockchain.
Think of it like a toll road to avoid the congested traffic of the Ethereum chain.
It gets you from A-to-B 100x faster.
But the difference is that it also saves you money – transaction fees will be much lower than on the Ethereum main net.
In this sense, it’s the same as other Ethereum layer 2 projects, such as Arbitrum, Optimism, Blast, and Polygon.
However, the big difference is that Pepe Unchained is a home for meme coins.
It’ll focus solely on housing joke tokens and related dApps.
This opens the floodgates to ideas. Think about it:
Devs could build applications similar to those on other chains, except they could add elements of everyone’s favourite meme coins.
It’s a brilliant way to grab attention while making crypto more digestible for beginners.
And because it’s connected to the Ethereum ecosystem, investors can easily move funds on and off the chain using the project’s dedicated Ethereum bridge.
Another benefit is that Pepe Unchained offers huge staking rewards. They’re currently valued at 199% APY, but they’ll decrease over time.
Investors hungry for another meme coin mania
It’s no secret that many traders became absurdly wealthy during the last meme coin season.
One example is pseudonymous trader Blockgraze, who profited $6 million from Dogwifhat, even though he invested just $1K.
sold about $4 million, this much left https://t.co/zuqLQ8jsno
— blockgraze (@blockgraze) May 10, 2024
He’s far from the only one.
But many are still looking for their millionaire-making moonshot.
This has been apparent in the last few days, with a meme coin season cooking on the fringes of the industry.
It started on Tron (a chain not known for meme coins) after its founder launched a meme coin trading app.
SUNDOG is one of the big ones to pump in the aftermath – it’s up 180% in five days.
$SUNDOG @SUNDOG_TRX perps coming to Bitmex It's so obvious it will be on all T1 CEXs, including Binance. A matter of when, not if.Billions. https://t.co/1hd2jnGHEq
— Kaduna (@CryptoKaduna) August 22, 2024
Memetic fever then spilled onto the Binance Smart Chain.
FOUR is the big token pumping there, up over 100% in two days.
As traders venture deeper into the memetic rabbit hole, Pepe Unchained is well-positioned to accommodate them.
Unlike Tron and BSC, it’s specifically designed with joke tokens in mind.
Nod of approval from top industry experts
Another reason investors are piling in is that leading crypto experts are rallying behind Pepe Unchained.
For instance, the 99Bitcoins YouTube channel, which has 700K subscribers, says the project could “lead the crypto bull market gains.”
He noted that $PEPU has been gathering massive momentum, even while the broader crypto market has been in turmoil.
According to the analyst, this is a strong sign for the project’s future, indicating that the market favours $PEPU over other projects.
It also received bullish price predictions.
For instance, Crypto Boy speculates a “100x pump” will occur after it is listed on exchanges.
But for those seeking the biggest gains, right now is the best time to act.
That’s because the presale price will incrementally increase throughout the campaign, with the next uptick in one day.
So don’t miss out. Follow Pepe Unchained on X or join its Telegram for updates.
Alternatively, visit its website to buy and stake tokens.
Visit Pepe Unchained Presale
