Top meme coins can’t catch a break, but Pepe Unchained continues to show strength.
One week ago, the Pepe Unchained ($PEPU) team celebrated raising $12 million at presale – today, they just hit $13 million.
Interest in $PEPU is exploding, but it’s almost time for another presale price hike.
Pepe Unchained’s success is thanks to its industry-first use case: it is the first meme coin with an Ethereum layer 2 blockchain.
$PEPU presale surges while other meme coins flatline
The past month has been a nothing-burger for joke tokens. Dogecoin is down 2.3%, Shiba Inu is down 2%, and Pepe is down 10%.
While the sector will undoubtedly regain strength, it shows that meme coins are not bulletproof.
Despite this, Pepe Unchained is stunting unprecedented success. It’s now averaging $1 million in weekly capital inflows, making it the hottest ICO on the market.
Clay Bro highlighted this in a recent video:
“If you look at Shiba Inu, Dogecoin, or even Pepe, prices are moving lower because they’re experiencing outflows – yet Pepe Unchained is experiencing inflows.”
The analyst continued, “It’s defying all the odds. At a time when everybody is running scared, they’re buying Pepe Unchained.”
Why is Pepe Unchained pumping?
Often, meme coins are in a measuring contest based on community and ‘vibes.’
It breeds a hyper-competitive player-vs-player (PvP) arena, with very little value created and much extracted.
So, when something like Pepe Unchained creates tangible value, it’s a breath of fresh air for investors.
The project is creating an Ethereum layer 2 blockchain, which will be a launchpad for meme coins and meme coin-related applications.
It leverages the same technology as popular Ethereum layer 2s like Base, Blast, Arbitrum, and Optimism.
Like other layer 2s, “Pepe Chain” will process transactions on a separate blockchain built upon Ethereum. It is claimed to be 100x faster and much cheaper than the main chain.
Pepe Unchained technologically galvanizes Ethereum alongside Coinbase’s brainchild Base and other layer 2s.
At the same time, it speaks to everyday investors, regular people who did not have the opportunity to participate in fundraising rounds for Base or any other L2, which were strictly reserved for ‘inner-circle’ venture capitalists.
Its homage to Pepe – the most iconic meme of this cycle – is just the icing on the cake.
Moreover, the team offers traders the chance to compound their investment using its native token staking protocol.
Staking launched alongside the presale and is currently providing a 157% APY. A whopping 30% of the $PEPU total supply is earmarked for staking rewards.
This is another huge incentive for traders to participate in the presale. Getting in early provides maximum time to compound rewards ahead of the highly anticipated exchange launch.
So where does Pepe Unchained go from here?
$PEPU price to gradually rise in run-up to exchange listing, Pepe Chain launch
The Pepe Unchained presale price is $0.009651, but this will rise throughout the campaign. The next increase will occur later today.
These incremental price hikes will continue at each stage of the Pepe Unchained presale. New stages have been occurring every three days.
Glancing at the project’s roadmap, the team keeps its cards close to its chest. However, it notes that the Pepe Chain will launch at the end of the presale.
There has yet to be information on whether $PEPU’s initial exchange offering (IEO) will be on decentralized or centralized exchanges.
But with significant investor support, there’s every chance top centralized exchanges are considering listing $PEPU.
It’s also worth noting that the project has undergone smart contract audits from Coinsult and Solid Proof, neither of which found any issues with its code. This undoubtedly bolsters its appeal to tier-one exchanges.
Investors can keep updated on the project’s news and developments via its social media verticals: the Pepe Unchained X and its official Telegram channel. Alternatively, they can visit its website to buy and stake tokens.
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