The brand new layer-2 meme coin Pepe Unchained ($PEPU) has been making a name for itself in the crypto market. Its presale launched one month ago, and has already raised more than $3.5 million. Indeed, that means the token raised almost a million in funding per week.
The asset gives investors a new twist on the classic Pepe meme. Moreover, it has its own layer-2 blockchain that is built on the Ethereum network. That only increases the staking rewards available to investors.
Is Pepe Unchained the Next Breakout Star of the Meme Coin Market?
Meme coins have definitely become an important part of the crypto industry. Moreover, Pepe Unchained has been the fastest-growing newcomer. The project uses the slogan, “Make Pepe Great Again,” and holds firm to that hope, with some important innovations that lack in other Pepe meme coin competitors.
PEPU is compatible with Ethereum, and allows an instant bridge between ETH and the Pepe Unchained blockchain. That should bring down the trading cost, and speed up transaction costs, which have tended to be issues that Ethereum faces.
The meme token can handle 100x trading volume in comparison to Ethereum. Therefore, it’s a much easier experience for retail investors who trade PEPU and other meme coins on ETH. This fact alone could lead the token to becoming one of the most prominent Ethereum-based meme coins.
The staking rewards also sets Pepe Unchained apart. The token offers rates of more than 500%, which should be quite attractive to crypto traders. Considering the presale for PEPU has already passed the $3.5 million mark, there is optimism it could surge in the near future.
The Crypto Market Prepares for Bull Run’s Second Leg
Despite poor performance in recent months, the crypto market is looking to turn things around. A 3.9% increase in market cap over the last day has been a clear sign of that reversal. Additionally, meme coins have also surged more than 4.5% in that same time frame. A bullish sentiment should be forming, and that’s good news for Pepe Unchained.
There is also excitement surrounding the Ethereum ETF debut. Many experts are forecasting the product to launch in the middle of July. That has the potential to further drive up cryptocurrencies, especially those who operate in the ETH ecosystem.
The meme coin market has also shown favoritism to frog-themed tokens. The market cap for these coins is sitting at more than $6 billion, and has rallied more than 11% in the last 24 hours. When looking at dog-theme meme tokens, that increase is only 7% over the same time.
Frog-themed tokens like Apyu Apustaga (APU), and Peipei (PEIPEI) have performed really well recently. In the past week, both coins have increased 74% and 45% in value, respectively. There is certainly room for Pepe Unchained to gain alongside them.
Investor Confidence in PEPU Keeps Growing
The presale success of Pepe Unchained has been met with long-term potential that is being embraced by crypto traders. More investors are starting to lock their PEPU tokens. Specifically, traders are keeping their coins in staking pools, with more than 48 million PEPU worth more than $404,000 staked.
Crypto influences and analysts like YouTuber Jacob Bury have recently noticed the performance of Pepe Unchained. Indeed, he called the token a potential 10x meme coin gainer.
Traders can also have peace of mind knowing PEPU has undergone significant audits. Indeed, both Coinsult and SolidProof have done full audits on the token’s smart contracts. This introduces a new level of transparency and security to what could be crypto investors’ newest meme coin.
Invest Now, before PEPU Surges!
With so many meme coins rallying to unprecedented values, PEPU is an important opportunity. Investors are now able to get in on the ground floor of a cryptocurrency with tremendous potential.
Currently, the token is priced at $0.0084261, but it is not likely to stay at that value. In just a few hours, Pepe Unchained should see a notable price surge. With its staking offerings and technology elements, it’s important to capitalize now!
Pepe Unchained can be purchased on the presale website with ETH, BNB, USDT, and by card. Moreover, stay up-to-date on the project by joining the growing X (formerly Twitter) community and Telegram.