After a tough few months, a report from Gemini shows that retail traders are returning to the crypto market, and Pepe Unchained ($PEPU) is capturing lots of that liquidity.
It just crossed the $13 million raised mark at presale
The new meme coin, which also has its own Ethereum layer 2 blockchain, is a perfect compromise for value-seeking traders who want to escape conventional investment products.
The Pepe Unchained team just celebrated raising $12 million. One week later, they’ve added another million dollars.
It’s often deep-pocketed venture capitalists with first dibs on Ethereum layer 2 tokens, but Pepe Unchained’s presale offers everyone the chance to get in early.
And its focus on meme coins and “vibes” separates it from others on the market.
This comes when crypto exchange Gemini has just published a report, ‘2024 Global State of Crypto.’
Crypto adoption has remained steady in the UK, US, France, and Singapore despite recent market turbulence.
However, the report suggests the crypto market will win more retail investors in the upcoming months.
It also revealed that almost two-thirds of those surveyed will hold crypto long-term. For something like Pepe Unchained, which is retail-focused, this is a good data point to forecast its future potential.
The Pepe Unchained presale is currently taking place at a fixed but incrementally increasing price.
The current price is $0.009651, and the next rise will be later today.
The Ethereum layer 2 roaster is scorching hot. Adoption is at an all-time high, and innovations are emerging daily.
Just yesterday, Coinbase launched cbBTC, a wrapped version of Bitcoin that is available to trade within the Ethereum ecosystem and secured by crypto’s most reputable company.
Meanwhile, Pepe Unchained promises speeds 100x faster than Ethereum and will be much cheaper.
It also offers a dedicated Ethereum bridge, which makes transferring liquidity on and off the chain effortless.
A block explorer also allows users to query and track on-chain transactions like they can on Ethereum.
With an inherent focus on meme coins, Pepe Unchained has a cultural appeal unlike any other layer 2 blockchains.
The meme coin market is worth $40 billion and has consistently outperformed other crypto asset classes during bullish periods.
Pepe Unchained opens the joke token market to a world of new possibilities.
Developers could create industry-first applications such as a leverage trading app for meme coins, a bank card that allows you to spend meme coins in the real world, and much more.
Leading analysts have been going wild about it. Umar Khan from 99Bitcoins recently said $PEPU can 100x in value after the presale.
“I found a coin that is going to be the next Pepe,” he said.
Reflecting the alignment between meme coins and innovative financial technology, Pepe Unchained has a robust staking feature underpinned by the $PEPU token.
Currently, staking provides a 157% APY, but this will decrease as the staking pool grows.
The crypto market has faced a headwind following a home-run Q4 in 2023 and Q1 in 2024.
But as evidenced in Gemini’s report, retail traders understand that the crypto bull market will return. They’re periodically moving back in, bringing with them substantial influxes of liquidity.
Pepe Unchained’s retail-friendly meme coin-layer 2 use case has something for everyone. With $13 million raised, the project has a clear nod of approval from investors.
It has received a smart contract audit from Coinsult and Solid Proof, attesting to its transparency and security.
Prospective investors can buy the presale by visiting the Pepe Unchained website, connecting their wallet, and choosing the amount they want to buy and the crypto they wish to pay with.
The presale accepts ETH, BNB, USDT, and bank card payments.
Follow Pepe Unchained on X or join its Telegram for updates. Alternatively, visit its website to buy and stake tokens.
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