Pepe Unchained ($PEPU) has now secured $8.7 million in funds and is quickly charging towards its next major presale milestone at $9 million – just four days after smashing past $8 million.
Traders simply can’t get enough of this next-level Pepe, which runs on its own Layer 2 chain rather than being restricted by Ethereum, as evidenced by the staggering growth in capital inflows week after week.
With a recent uptick in the meme coin sector and a whale making a $3.13 million bet on Pepe ($PEPE) tokens during the dip, the bullish momentum is likely to propel Pepe Unchained to hit the $10 million mark before its presale’s second-month anniversary in just six days.
The last presale stage ended on a high note, with $PEPU’s price rising to $0.0090539. With the latest influx of funds, Pepe Unchained is moving up to the next presale phase in under 24 hours, which will increase the price of $PEPU to $0.00909010 for new contributors.
Indeed, what sets Pepe Unchained apart is its ability to deliver the same fun and playful spirit of Pepe ownership – while also offering significant utility and cost-efficiency.
For investors seeking to strengthen their meme coin portfolios, Pepe Unchained is shaping up to be a hot ticket for substantial returns.
If you haven’t yet joined the wave of smart money entering this presale, you’ll be able to secure your $PEPU tokens by visiting the Pepe Unchained presale website.
Whale Purchases More $PEPE Amid The Correction – $PEPU Whale Also Surfaced In Late July
The sector that dominated the first half of 2024 has slipped by 1.2% in the past 24 hours, extending the decline that began in June.
Major meme coins that once led the charge have also lost value recently. For instance, DogWifHat ($WIF) is down by 0.5%, Floki ($FLOKI) by 0.2%, and Bonk ($BONK) by 0.8% in the same period.
But, amid this downturn, one token stands out: $PEPE. Currently trending on CoinGecko, $PEPE has bucked the trend with a notable 1.8% increase. This uptick could be attributed to a large whale move, as a major investor took advantage of the market dip to acquire more $PEPE.
According to Spot On Chain, the whale under the pseudonym “cookislandstrust.eth” has invested a substantial $3.13 million in $PEPE across two purchases. The whale’s purchase on August 5 alone has already generated a profit of $170,000.
However, the whale didn’t stop there. A further $PEPE buy was made by cookislandstrust.eth on Monday, making it clear that the interest around Pepe remains strong.
Notably, a large whale investment in Pepe Unchained also occurred just a few weeks ago. On July 29, $200,000 worth of $PEPU tokens were purchased by a whale to help push the project’s funds to $6.2 million.
For a Pepe token that has yet to hit the exchanges, this type of early investment is a strong vote of confidence from major crypto players, signaling promising potential for the project.
ETH Layer 2’s Reached 12.44M In Transactions On Aug. 12
Traders who’ve backed Pepe Unchained understand that this project goes beyond simply creating another meme coin.
Owning Pepe has been a fun and exciting moon trip for the most part, but it has been quite taxing on the average crypto investor’s wallet due to Ethereum’s inefficiencies.
Pepe Unchained solves these problems by running on its own Layer 2 chain built on Ethereum, which frees it from the Layer 1’s limitations – hence the term “unchained.”
This new Layer 2 chain allows Pepe Unchained to offer a more cost-efficient ownership experience, complete with its own blockchain, consensus mechanism, and even a dedicated blockchain explorer.
Moreover, being its own blockchain means it can be the chain to deploy other tokens or meme coins, offering the same transactional efficiency in buying $PEPU.
The surge in Ethereum Layer 2 solutions, such as the Base chain – which reached 3.6 million transactions on Monday – demonstrates the growing importance of scaling solutions. In fact, all Layer 2 solutions collectively handled 12.44 million transactions on Tuesday.
Transaction Count – growthepie
Base is emerging as a leading platform for meme coin launches, challenging Solana’s dominance in this area.
With the launch of Pepe Unchained’s Layer 2 expected at the end of
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