With over $18 million raised, Pepe Unchained ($PEPU) is ready to unshackle meme coins from Ethereum’s high fees and slow speeds.
The project is raising funds to build the world’s first Pepe-themed Ethereum layer 2 blockchain.
Its total raise now exceeds Ethereum’s 2014 ICO efforts. While there is much more liquidity in the market today, this illustrates a tremendous vote of confidence among the investor community.
Pepe Unchained raises $18 million, separating it from every other ICO token
No other cryptocurrency – never mind meme coin – comes close to Pepe Unchained’s presale success.
The only ongoing presale that has raised more is BlockDAG, which has been ongoing for over one year. Pepe Unchained is rapidly closing the gap after just a couple of months.
But with the Pepe Unchained presale, investors are incentivized to act quickly.
The current price is $0.00994, but this will rise throughout the ICO, with the next uptick in under one day.
Pepe Unchained is building an industry-first product: a meme coin with its own blockchain. The presale offers traders a chance to participate from the start.
Presale buyers can also stake their investment to generate further rewards. Currently, Pepe Unchained staking offers a 119% APY, but this will decrease over time.
Over 1.3 billion $PEPU have already been staked, showcasing the community’s steadfast appetite to generate tokens.
This is a good sign for its exchange launch, with this demand signaling there will be a lot of buying pressure, which would bolster the $PEPU price.
Interest in $PEPU is also apparent on social media, with over 39,000 people following its X account and over 9,000 in its Telegram community.
A hub for meme coins in crypto’s most valuable ecosystem
Pepe Unchained is taking all the steps of a project that will succeed.
The team recently announced that the ‘Pepe Chain’ will launch immediately after the presale, which is expected to commence in Q4 2024.
Pepe Chain will have a dedicated Ethereum bridge, a block explorer, and a decentralized exchange.
It’s a robust setup that could well become Ethereum’s new home for meme coins.
There’s currently no Ethereum layer 2 blockchain designed solely for meme coins, leaving a gap in the market for the Pepe Chain.
And here’s something else: the Ethereum network remains the decisive leader among smart contract-enabled blockchains when it comes to liquidity.
According to DeFiLlama, Ethereum has over 8x more total value locked (TVL) than its main competitor, Solana. So, through Pepe Chain’s dedicated Ethereum bridge, there is a clear pathway for significant capital inflows.
All of this has generated considerable excitement among analysts, with ClayBro recently telling his audience to “prepare for major gains.”
ClayBro pointed to growing chatter that Pepe Unchained could be the next Pepe thanks to its meme coin allure paired with technical innovations – such as improved transaction capabilities and low fees.
Secure $PEPU before tier-1 exchange listings and developer grants
Pepe Unchained is available at a discounted price via the presale.
However, this price could rise significantly once it goes live on exchanges.
This is due not only to its innovative use case but also to other plans the team has lined up.
A recent update revealed they’re in talks with tier-1 exchanges and will launch a developer grants program in Q4.
Tier-1 listings would put $PEPU in front of more investors, and developer grants would incentivize ecosystem growth and drive adoption.
Pepe Unchained is carving a new space inside the Ethereum ecosystem for the $52 billion meme coin market.
It’s a use case with serious potential, and with $18 million raised, investors clearly don’t want to miss out.