Meme coin stalwart $PEPE has seen a relatively sharp decline in recent days, bleeding down close to 20% on the weekly chart. Still though, with an overall market cap of over 5 billion, it is a strong contender to overtake DOGE as the number 1 in the future. For now, its fate seems linked, if not directly tethered to the price action of Ethereum–which has also faltered this week.
This is the gamble traders take when they decide to purchase the top meme coin on the Ethereum blockchain. Despite market enthusiasm, Pepe’s price action is now, and forever will be mirroring the price of ETH. It’s for this reason that many traders have turned their attention towards a new meme coin called Pepe Unchained.
After over 1 year of Pepe dominance on the Ethereum blockchain, someone has finally created a Layer 2 Pepe chain. In hindsight, it should have probably been done a long time ago, but the developers of Pepe Unchained may have created the future of meme coins with their Pepe Layer 2 solution.
As per the website
“Pepe Unchained is the future of meme coins. A Layer 2 blockchain built for Speed, Security, Low Fees–and of course–Memes.
$PEPU token powers the entire ecosystem. You’re early enough to witness a new golden age of Meme Coins. With Pepe in his rightful place as King, and the Pepe Unchained Layer 2– his Kingdom.”
In plain English, Pepe Unchained is improving upon the traditional Ethereum Layer 1 by improving speed, lowering fees, and creating $PEPU, a native token that powers the ecosystem.
Pepe Unchained also has another leg up on the original Pepe. It is currently in early presale. At the time of writing, the presale has raised over $150,000 USD right at the opening bell. One reason is its unique staking reward mechanism.
Presale buyers can in fact stake their presale tokens for the entire length of the presale to double, triple, or even quadruple their bag. It’s for this reason, along with the really cool tech aspects, that Pepe Unchained is making substantial noise in the Web3 space, even though it is early days.
Pepe Unchained can currently only be purchased and staked directly on its Official Website. That means that the token is not yet trading. This is where traders believe they could see substantial gains, as the presale price increases with every new presale stage. This mechanism, along with the staking gains begins to add up very quickly as Pepe Unchained gains more and more traction. Interested traders are urged to hurry to catch the lowest possible price and highest possible staking rewards.
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