Liquidity is rotating rapidly from blue chip meme coins like Pepe and Dogecoin into a new utility-centered joke token. It’s called Pepe Unchained ($PEPU) and has raised almost $24 million in its presale.
They’re raising funds to build an Ethereum layer 2 blockchain, and having raised more than Ethereum’s 2014 ICO, they now have the resources at hand to become an industry leader.
The layer 2 network will be home to meme coins, offering low-cost and fast transactions directly to the EVM ecosystem.
“Pepe Chain” will include features such as a dedicated Ethereum bridge, a staking mechanism, a decentralized exchange, a block explorer, and more.
The crypto market has fallen flat today, and Pepe and Dogecoin were no exception.
They’re currently down 5.6% and 7.4%, respectively. This is a notably volatile day, even for meme coins.
Despite this, industry newcomer Pepe Unchained continues to make gains with over $100K of capital inflows, pushing its presale total raise to $23.89 million.
It’s an impressive sum, but it’s even more impressive that it can continue raising while meme coin majors take a downturn.
Investors see value in $PEPU and want it in as early as possible.
The price will rise throughout the ICO, with the next increase in just one day.
It’s currently available at $0.01199.
Investors can also stake their tokens during the presale to generate even more rewards.
Staking is live and provides a 98% APY, but this will decrease over time.
Amidst all of this, Pepe Unchained is establishing itself as a leading player in the meme coin domain.
It’s seeing huge growth on social media, with over 47K followers on X and 11K in its Telegram channel.
For reference, it has just 20K fewer followers on X than Popcat, which is the fifth-largest meme coin.
Prominent meme coin trader Jacob Bury is one of those Pepe and Dogecoin holders who has turned to Pepe Unchained.
He just posted a video saying it could be 10x after the presale.
“We’ve seen Pepe alternatives do very well before,” he said.
However, Bury noted that Pepe Unchained separates itself from other meme coins with robust utility.
“There’s alot of cool things to be excited about with this project. It’s one of the meme coins that’s everywhere. This is a coin that could be a really good play.”
And Bury is not the only one who’s excited.
ClayBro says it is “building the biggest and perhaps best Ethereum layer 2 blockchain.”
As we mentioned earlier, Pepe Unchained’s presale raise provides adequate resources to build an outstanding product.
Buying Pepe Unchained is easy.
The presale accepts payments on both the Ethereum and Binance networks.
In fact, you don’t even need to hold crypto to buy $PEPU; it lets you pay with a card.
Simply visit the project’s website, connect your wallet, and select the amount you want to buy and the payment method you want to use.
Investors can claim their $PEPU tokens once the presale ends and $PEPU lists on exchanges.
And rest assured, the project has been audited by security firms Coinsult and Solid Proof, attesting to its transparency and legitimacy.
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