The Pepe Unchained team just celebrated raising $12 million. One week later, they've added another million dollars.
A recent report from Gemini has highlighted a return of retail traders to the cryptocurrency market, and the presale of Pepe Unchained ($PEPU) is attracting a significant portion of this liquidity.
After crossing the $12 million mark in presale funds raised just one week ago, the new meme coin, which also boasts its own Ethereum layer 2 blockchain, serves as an optimal compromise for value-oriented traders seeking an escape from conventional investment products.
Now, another $1 million has been added, bringing the total to a staggering $13 million. Pepe Unchained presale offers everyone a chance to get in early, a privilege usually reserved for deep-pocketed venture capitalists when it comes to Ethereum layer 2 tokens.
Furthermore, its distinct focus on meme coins and “vibes” sets it apart from other layer 2 blockchains in the market.
This news comes as the crypto exchange Gemini recently published its ‘2024 Global State of Crypto’ report, revealing that crypto adoption has remained steady in the UK, US, France, and Singapore despite recent market turbulence.
However, the report suggests that the crypto market is poised to win over more retail investors in the upcoming months.
The report also found that nearly two-thirds of those surveyed will hold crypto long-term, which bodes well for a retail-focused venture like Pepe Unchained.
The Pepe Unchained presale is ongoing, with a fixed but incrementally increasing price. Currently, the price is $0.009651, and the next rise will be later today.
Pepe Unchained offers 100x faster speeds and cheaper fees than Ethereum
The Ethereum layer 2 scene is heating up rapidly, with sky-high adoption and a constant stream of new innovations. Just yesterday, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that can be traded within the Ethereum ecosystem and is backed by crypto’s most trusted company.
cbBTC is onchain.cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.This means millions of BTC holders can now securely access DeFi apps on @base and Ethereum ecosystems—with more chains coming soon.Here’s what you need to know ↓ pic.twitter.com/nF8mF3JGms
In contrast, Pepe Unchained promises speeds 100x faster than Ethereum and will be much cheaper. It also features a dedicated Ethereum bridge, making it effortless to transfer liquidity on and off the chain.
Additionally, a block explorer allows users to query and track on-chain transactions, similar to Ethereum.
With its inherent focus on meme coins, Pepe Unchained boasts a cultural appeal that no other layer 2 blockchain can match.
The meme coin market is valued at $40 billion and has consistently outperformed other crypto asset classes during bullish periods. Pepe Unchained opens up this market of "joke" tokens to a world of new possibilities.
Developers could integrate and build 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.
Top analysts have been raving about the possibilities, with 99Bitcoins' Umar Khan stating that $PEPU is set to 100x in value after the presale.
“I found a coin that is going to be the next Pepe.” he said.
Get huge staking rewards in the Pepe Unchained presale
In line with the convergence of meme coins and innovative financial technology, Pepe Unchained features a robust staking function that is powered by the $PEPU token.
Currently, staking yields a 157% APY, which will gradually decrease as the staking pool grows.
The crypto market has been experiencing a period of consolidation following a home-run Q4 in 2023 and Q1 in 2024.
However, as evident in Gemini's report, retail traders are recognizing that the crypto bull market is set to continue and are gradually re-entering the market, bringing with them substantial influxes of liquidity.
Pepe Unchained's retail-friendly meme coin layer 2 use case caters perfectly to this trend. With $13 million raised, the project has a clear nod of approval from investors.
The project has undergone a smart contract audit by Coinsult and Solid Proof, ensuring transparency and security.
Prospective investors can participate in the presale by visiting the Pepe Unchained website, connecting their wallet, and selecting the amount they wish to purchase along with the cryptocurrency they will be using.
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.
Visit Pepe Unchained Presale
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