Over one year after Pepe’s unforgettable debut, a new lookalike token is taking the market by storm.
But it’s not your everyday copycat meme coin.
Pepe Unchained ($PEPU) is the first-ever Pepe-themed Ethereum layer 2 network.
The project is currently raising funds for development via a presale.
This allows investors to get in from the ground floor, which could provide gains
similar to those that early Pepe buyers generated.
Over $500K raised, but investors are still early to the party
Pepe Unchained has hit the ground running, raising over $500K in its opening week.
Indeed, this signals big interest from crypto investors, but with the presale just one week old, those who buy now are still early to the party.
For perspective, investors who bought Pepe in its second week would now be up between 300-500x.
But as mentioned, Pepe Unchained is not your run-of-the-mill meme coin.
It’s developing its own Ethereum layer 2 blockchain.
Transactions will be 100x faster and magnitudes cheaper than on the Ethereum main net.
That’s a huge win for meme coin enthusiasts.
According to the Pepe Unchained website, the L2 will house a meme coin ecosystem. This has massive potential, with the website saying meme coins are “entering a golden age.”
Pepe Unchained could be a diversified bet on meme coins
Pepe Unchained may be the first meme coin to also offer a “pick and shovels” play.
Although we have seen blockchains like Solana and Base popularized for their meme coin activity, they were not designed for meme coins.
As such, there’s a separation between technology and culture.
This is where Pepe Unchained comes in.
It’s technologically and culturally primed for memetic activity.
This could result in a thriving meme coin ecosystem built on top of the “Pepe chain.”
Should that occur, $PEPU would present a diversified bet on its ecosystem, similar to SOL for Solana tokens.
And it’s needless to say that SOL performed exceptionally this year, up over 600%.
Yet, a major benefit of Pepe Unchained is that because it’s an Ethereum L2, it also benefits from Ethereum’s security and decentralization.
Technological matters aside, there’s a huge buzz about the upside potential of investing in $PEPU. Let’s dig deeper.
Heavyweight analysts are bullish on $PEPU
“This is a very, very cool ecosystem.”
That’s the opinion of prominent trader Jacob Bury on Pepe Unchained.
The analyst dug deep in a recent video on the 99Bitcoins YouTube channel, exploring the emphatic success of Pepe and other Pepe copycats.
Bury also underscored the project’s technological upper hand and said it “could be a strong Pepe alternative.”
Other high-profile analysts are also bullish. For example, Matthew Perry and Oscar Ramos posted positive breakdowns on YouTube.
Considering $PEPU is just one week old, interest from esteemed pundits signals a bright future for L2 meme coin.
Earn double the rewards with Pepe Unchained’s staking layer
Pepe Unchained staking rewards are on a speed run.
By offloading transactions onto the Pepe chain, the project can offer staking rewards at 2x the speed.
It has already launched a Stake-to-Earn mechanism, with a staggering 4,700% APY at play.
Indeed, this figure will gradually decrease as more investors’ stake their tokens. As such, market participants are well-suited to buy the Pepe Unchained presale early.
And that’s not the only reason to get in early. The current Pepe Unchained presale price is $0.008032, but this will rise throughout the campaign.
The next increase will occur in one day or when the total raise hits $662K.
Pepe Unchained has a total supply of 8 billion tokens. 20% is allocated to the presale, 30% to staking rewards, 20% to marketing, and the remaining 30% will be divided between liquidity, project finance, and chain inventory.
While paying homage to this cycle’s most beloved meme coin, Pepe Unchained is creating a new home for memetic innovation with lower fees and higher speeds.
Investors can buy in at the rock bottom price, but those seeking the most upside should act quickly.
So don’t miss out. Follow Pepe Unchained on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
