Meme coins are on the rise, with the likes of Pepe, Dogwifhat, and Neiro all seeing gains in the past week. However, perhaps the most eye-catching performance has been that of a new contender.
Pepe Unchained (PEPU) is a brand new, utility-focused meme coin that’s now raised $19.7 million in its hugely successful presale.
With the recent announcement of developer grants and its aim to enhance Ethereum’s scalability and make it more appealing to meme coin investors, many are predicting that the token will see big gains when it goes live on exchanges.
Pepe Unchained Layer 2 Resolves ETH Issues For Developers And Traders Alike
Ethereum can currently process around 15 transactions per second with relatively high gas fees. This represents an issue for meme coin developers and traders, as it often leads to missed trade windows and profit losses.
Pepe Unchained seeks to resolve these issues by building a Layer 2 network on top of Ethereum’s mainnet, complete with a dedicated blockchain explorer. It aims to provide transaction speeds up to 100x faster than Ethereum while reducing gas fees to a fraction of the current cost.
PEPU has recently excited its 57,000-strong audience on X (Twitter) and Telegram with a testnet preview of its upcoming Layer 2 ecosystem, which looks modern and feature-rich.
Furthermore, the PEPU team has announced a developer grant program, “Pepe Frens With Benefits,” which will reward developers who build on top of its Layer 2 blockchain. Although further details are yet to be announced, the team said applications will open in Q4 2024.
The Pepe Unchained Layer 2 network’s launch will coincide with the token’s first listings on DEXs. That includes the chain, block explorer, bridge, and other features of the PEPU Layer 2 ecosystem.
Growing Investor Interest Brings PEPU ICO Close To $20 Million Raised
The Pepe Unchained ICO has an average weekly influx of $1 million and has already raised over $19.6 million. As the project raises more funds, the per-token price of PEPU increases, since the presale follows a dynamic pricing model.
Currently, PEPU costs $0.00999. That price is set to change in less than two days, or if PEPU raises another $246,000 before that. Similarly, its staking APY currently stands at 112%, but it will decrease as more investors stake PEPU during the presale.
With 40% of the total 8 billion token supply allocated to the presale and 30% more to staking rewards, PEPU favors early investors. It’s easy to get into the presale, and there’s no minimum investment required.
Investors can purchase PEPU using ETH, BNB, USDT, or a traditional bank card. Security-wise, the project’s smart contract has been audited by SolidProof and Coinsult, which found no critical issues.
PEPU’s developers have also allocated 7.5% of the total token supply to liquidity, reducing the risk of a rug pull and lowering slippage.
PEPU’s Potential And Presale Success Praised By Experts
Analyzing PEPU’s tokenomics further reveals the team emphasizes marketing, with 10% of the total token supply allocated to increasing the project’s visibility. Although the project already has a large following, PEPU’s team recently launched a page on Facebook to increase its visibility.
The remaining 12.5% of the total token supply is reserved for the Pepe Unchained Layer 2 development and inventory, ensuring it’s ready to launch alongside the token.
PEPU’s focus on marketing, security, and community-building, often called the three pillars of a successful meme coin project, hasn’t escaped the attention of prominent meme coin experts. Austin Hilton, Cilinix Crypto, 99Bitcoins, and other experts have praised its presale success, while ClayBro calls it the “future of meme coins.”
Crypto Zeus, a crypto expert with more than 78,000 subscribers on YouTube, believes Pepe Unchained has a chance of becoming the next PEPE. He advises his viewers to enter the presale while the token’s price is low.
With only two days left until the next price increase, now is the best time to jump in on Pepe Unchained.
