Pepe Unchained has taken the cryptocurrency world by storm, raising $13 million in its ongoing presale.
The project is building a meme coin Layer 2 blockchain as an alternative to Ethereum and has received strong backing from investors and analysts alike. Let’s see why so many people are bullish on Pepe Unchained ($PEPU).
A Fusion of Meme Culture and Blockchain Innovation
Ethereum as a Layer 1 blockchain is slow and costly for meme coin trading. It can process an average of 15 transactions per second, costing an average of $1 for every transaction made during low congestion.
This number can go way higher as we’ve seen with the Otherside land NFTs mint when the transaction costs went as high as $474.
For those who want to frequently trade meme coins, having a slow and expensive blockchain is unsustainable and can greatly reduce the profit potential. To solve that issue, Pepe Unchained is building a Layer 2 blockchain solution where multiple transactions are packed together and sent on Ethereum Mainnet for settlement as a single transaction.
As a result, the Pepe Chain can have 100x the speed of Ethereum for a fraction of the cost. With meme coins rising in popularity, the Pepe Unchained Layer 2 solution could become an important meme coin trading hub.
By building its own Layer 2 solution, Pepe Unchained is directly competing with other Layer 2 projects like Polygon, Immutable, Arbitrum, and Optimism.
All of the top Layer 2 blockchains have a market cap of over $1 billion with many of them peaking above $4 billion market cap in the past. This shows the potential for Pepe Unchained once it releases its blockchain.
The Appeal of Meme Coins
At its core, Pepe Unchained is a meme coin built around the iconic “Pepe the Frog” meme. This symbol has become popular among the meme coin community with the original Pepe meme coin trading at a market cap of $3 billion.
This trend saw many copycat meme coins emerge like PEPECOIN and APU. However, none of them have utility aside from their meme potential. Because of that, Pepe Unchained has a massive advantage to outperform and become the top frog-themed meme coin.
Moreover, Pepe Unchained is audited by Coinsult and SolidProof, ensuring the smart contract can’t be exploited. This is another competitive advantage over its peers as most of them aren’t audited.
Crypto influencers like ClayBro believe Pepe Unchained will explode after the presale ends.
However, Pepe Unchained isn’t the only meme coin building a Layer 2 blockchain. Shiba Inu has already built its Shibarium, which allows it to expand into metaverse and DeFi projects.
Currently, Shiba Inu has a market cap of over $8 billion, but at its peak, it traded at over $40 billion. If Pepe Unchained sees just a fraction of Shiba Inu’s success, $PEPU could easily be 100x from its current price.
How to Join the $PEPU Presale
The presale phase of Pepe Unchained has already proven to be a resounding success, but there’s still time for investors to get involved. However, the clock is ticking and the discounted price for $PEPU tokens won’t last much longer, with the next price increase taking place soon.
The presale offers a unique opportunity for early adopters to secure tokens at a lower price before the public sale, potentially maximizing their returns once the token is listed on major exchanges.
While the presale lasts, investors can lock in their tokens in the staking contract and earn 157% dynamic APR. Being dynamic means the APR drops as more tokens are staked, making it prudent to stake as early as possible to increase their holdings.
Note that only purchases made with ETH, USDT, or a card on the Ethereum blockchain are eligible for the staking rewards. Investors who don’t want to stake can purchase $PEPU with BNB or USDT on the Binance network.
Learn more about this exciting presale by following Pepe Unchained on X and joining their Telegram channel.
