After surpassing $9 million on August 16, Pepe Unchained ($PEPU) has added another $600,000 in just three days to bring its total funds to over $9.6 million.
This new milestone represents a 4,700% increase in capital raised since its launch two months ago, all while the broader crypto market shed off $265 billion in value.
The massive influx of funds in a short period shows that the crypto market is seriously eyeing Pepe Unchained as the new meme coin anchor, banking on its promise to make Pepe ownership faster and cheaper with its proprietary blockchain.
Currently priced at $0.0091996, $PEPU has already seen several price bumps as investors quickly snapped up the tokens in the previous presale stages.
In less than 48 hours, the price will rise again to $0.00923640 to kick off a new round of funding, which is a 15.46% increase from its initial presale price of $0.008.
PEPE Whale Activity Remains Strong but Isn’t as Intense as It Was in the First Half of the Year
Despite a general downturn throughout August, meme coins have delivered one of their strongest performances in the past 24 hours, with a 9.4% gain.
Coins like Dogecoin ($DOGE) and Shiba Inu ($SHIB) are trending on CoinGecko, with gains of 5.6% and 5.4%.
The biggest gainers of the day include Sunpepe ($SUNPEPE) and Pepe ($TRUMP), surging by 664.5% and 109%.
Leading Pepe-themed token Pepe ($PEPE) is also trending, with a more modest gain of 11.9%. However, hoping to see $PEPE generate returns like it did earlier this year – often surpassing 45% in a single day – may be a long shot.
For one, it is already a $3 billion meme coin, so the chances of it going parabolic are much lower.
Additionally, large transactions have decreased since its peak, and even as the price has dropped, whale buying has remained subdued.
Pepe, as it remains chained to Ethereum, is constrained by Layer 1’s limitations; at times, it can be expensive and slow to purchase. Pepe was even the main culprit in pushing Ethereum gas prices to their 12-month high of 82.9 gwei in March.
With the introduction of Pepe Unchained in June, a solution to these issues of Pepe ownership was introduced.
Pepe Unchained’s Layer 2 chain, built on top of Ethereum, functions as an independent blockchain with its own consensus mechanism and blockchain explorer. It’s designed to make buying Pepe faster and cheaper. After all, if $PEPE is set to pump within the next hour, waiting for transactions to be processed isn’t exactly a winning strategy.
On top of that, having its own blockchain enhances its utility, Pepe Unchained can now serve as a launchpad for other tokens, with $PEPU potentially serving as the native token for all transactions.
It’s still speculation, but the drop in whale activity for $PEPE could be because the market is now betting big on its top alternative, $PEPU.
Pepe Unchained Is Predicted to Pump 5,956% in 2024
As mentioned, Pepe Unchained is on a blistering streak in its presale and is on track to smash the $10 million mark in just a few days.
This has led many to speculate that its price could skyrocket once it hits the exchanges. Trusted crypto news source Crypto News forecasts that $PEPU could reach $0.016 in 2024 – a 100% jump from its initial presale price.
The price could potentially climb another 68% to $0.027. More ambitious predictions, reviewed by popular crypto influencer ClayBro, suggest $PEPU could hit $0.5572 by the end of 2024.
If these predictions hold true, a $1,000 investment in $PEPU at its current presale rate could swell to $60,567 in the next four months.
So, if you have not grabbed a share of $PEPU in its presale, head over to the Pepe Unchained website, and connect your wallet to buy $PEPU with ETH, USDT, or BNB. Credit cards are also accepted.
You can grow your $PEPU holdings immediately after purchase by staking it at a 207% annual percentage yield (APY), while the development team gears up for the launch of Pepe Unchained’s blockchain. Recent updates on X reveal that this exciting launch is coming soon.
For your peace of mind, Pepe Unchained has undergone a full audit by Coinsult and SolidProof, guaranteeing zero critical issues in the integrity of its smart contract.
Stay on top of the latest news around Pepe Unchained by joining its community on X and Telegram.
Buy $PEPU Now
The post Pepe Unchained Raises $9.6M in Presale as Meme Coins Gain 9.4% in 24 Hours appeared first on Cryptonews.
