Pepe Unchained's presale surges past $9 million as users flock to the new Pepe token on its own Layer 2 chain

The Pepe Unchained ($PEPU) presale has rapidly surpassed the $9 million mark, just six days after hitting $8 million. Users are pouring into the new Pepe token, which operates on its own Layer 2 chain built on Ethereum.

Pepe Unchained Presale Surges Past $9 Million

Meme coin enthusiasts are flocking to Pepe Unchained ($PEPU) during its ongoing presale, driving its total to over $9 million. The Pepe token operates on its own Layer 2 chain built on Ethereum.

The presale has seen a recent whale purchase of $3.13 million in Pepe ($PEPE) during a market dip, with the total split across two transactions. This comes amid a broader increase in activity surrounding Ethereum Layer 2 solutions.

Earlier this week, Coinbase's Base chain recorded 3.6 million transactions on Monday, while on Tuesday, all Layer 2 protocols collectively managed 12.44 million transactions. These numbers reflect the growing adoption of scaling solutions in the crypto space.

Pepe has also gained attention from several prominent Web3 analysts, including Austin Hilton, with 273,000 subscribers, who has endorsed $PEPU.

With the ongoing enthusiasm around Pepe, combined with its low starting price, adherents can now secure $PEPU at $0.00909010, the lowest remaining price for the rest of the presale. At the time of writing, Pepe Unchained has hit $9.09 million in total acquisitions, and it's expected to hit the $10 million milestone by the second-month anniversary of its presale, likely right after the weekend.

Pepe: From Meme to Mainstream

Meme coin enthusiasts are drawn to $PEPU for its attractive staking rewards (over 218% APY), lower fees, and 100x faster transaction speeds compared to leading ERC-20 meme coin competitors.

The token's anticipated listing on exchanges post-ICO could draw in significant new acquisitions, making this a potentially ideal time for those interested in getting in early. $100 currently nets over 11,000 $PEPU tokens.

The original Pepe meme coin ($PEPE) is currently the third-largest meme coin in the crypto market, boasting a market cap of $3 billion. Pepe first appeared in the public eye four years before Bitcoin introduced the world to cryptocurrencies in 2009.

The character, known for the catchphrase “feels good, man,” originated in Max Furie's early 2000s webcomic “Boy's Club.” Pepe also became a powerful symbol during the 2019–2020 Hong Kong protests, the largest in the country's history.

Since the launch of $PEPE, many tokens inspired by Pepe have emerged, but none have achieved the same level of success—largely because they lacked the utility needed to stand out in a crowded market.

That changed with Pepe Unchained, which has moved beyond Ethereum's slow speeds and high transaction fees.

The Details: Breaking Down $PEPU’s Layer 2 Technology

Pepe Unchained is the first Pepe token to run on its own Layer 2 blockchain, leveraging Ethereum's robust ecosystem.

Ethereum, often considered Bitcoin's main rival, is known for its powerful smart contracts and is currently the most active blockchain in terms of commercial use. The network hosts a vast community of developers and users, who together have created a wide array of applications for services, gaming, and commerce.

However, Ethereum's main network can currently process only about 15 transactions per second (tps), leading to congestion and higher transaction fees.

To address these limitations, various Layer 2 protocols have been developed. Layer 2 solutions operate on top of the Ethereum network, processing transactions independently on a side chain before settling them on the main Ethereum blockchain.

Pepe Unchained is unique because it is the first Pepe token to utilize its own Layer 2 blockchain. This allows for a hundred times faster and cheaper transactions than those conducted on Ethereum's main network.

The project also includes a dedicated block explorer, enabling users to view all transactions on the Layer 2 chain. Additionally, Pepe Unchained offers instant and low-cost bridging between its Layer 2 and Ethereum's Layer 1 network.

Pepe Unchained's ability to combine the playful spirit of the original Pepe meme with significant utility and cost-effectiveness.

For users interested in meme coins and DeFi, Pepe Unchained is shaping up to be an attractive option, offering substantial staking returns and the potential for explosive trading once the presale concludes and the token becomes available on the open market.

Pepe Unchained has undergone thorough audits by Coinsult and SolidProof, and no critical issues or concerns were found in its smart contract.

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