Pepe Unchained ($PEPU) Smashes $3M Milestone in Presale, Investors Losing Interest in Predecessor $PEPE

Averaging about $1 million in new funds weekly, this new meme coin, promising to “make Pepe great again”, could very well double its investment inflows in the weeks ahead.

Pepe Unchained ($PEPU) has smashed through the $3 million milestone in presale less than a month after launching, continuing to pull in significant investments week after week.

Averaging about $1 million in new funds weekly, this new meme coin, promising to “make Pepe great again”, could very well double its investment inflows in the weeks ahead as early contributors are banking on it to surpass its predecessor, Pepe ($PEPE).

Investors are losing interest in Pepe ($PEPE) – high time to consider its superior replacement, $PEPU

The meme coin sector has jumped by 3.7% in the past 24 hours, as the broader cryptocurrency market shows some sparkle of hope after more than a month of gloom.

While some meme coins are no longer bleeding red, the stars of the 2024 meme coin boom are losing some sparkle, notably our froggy friend, $PEPE.

From its all-time high of $0.00001718, it’s taken a nosedive of 46% and just shed 26.8% in the past two weeks alone.

But it doesn’t end there. Coinalyze data shows a dip in its aggregated open interest since its peak in late June, signaling a decline in interest in trading its futures contracts, with most positions now closed.

Then, there are negative funding rates that have persisted since mid-June, which means short positions are paying for long positions, painting a bearish picture for $PEPE.

Adding to the drama, a whale has transferred a staggering 9 trillion $PEPE tokens to the world’s second-largest centralized exchange, Bybit, as reported by Whale Alert’s post below:

But amidst $PEPE’s gloomy predicament, why is $PEPU performing exceptionally well in its presale?

Is this a case of bidding adieu to the old and welcoming the new – a much better new? It certainly seems like it.

Pepe shouldn’t be chained to Ethereum, it’s meant to be free

Let’s face it, crypto enthusiasts must have realized that $PEPE is becoming passé.

It is slow and, quite frankly, expensive to trade. In fact, the surge of interest in $PEPE this year has even caused inconvenience for Ethereum traders. While $PEPE was gaining momentum and reaching its March highs, Ethereum’s median gas prices soared to a 12-month high of 82.9 gwei.

But it’s not solely $PEPE’s fault. Being on Ethereum means it remains in a constrictive grip due to Layer 1’s limitations. Fortunately, the unchained version of Pepe is here to the rescue.

Pepe Unchained represents freedom – a concept that Matt Furie would not kill Pepe for – as it allows for more transactions at cheaper rates.

As mentioned, its own Layer 2 on Ethereum helps it achieve this. But it’s not just that. The new chain can also usher in with it a new economy capable of launching tokens in the realms of NFTs, DeFi, GameFi, and even AI.

About 27 million more PEPU has been staked, with yields still high at 616%

While interest in trading $PEPE has significantly declined, the opposite holds true for $PEPU, where investors are increasingly optimistic about its future.

In addition to raising over $3 million and counting, there has been a notable rise in long-term investments, with more investors locking their $PEPU tokens into Pepe Unchained’s staking pool.

On Monday, 232 million tokens were staked, with an additional 27 million $PEPU added since then, valued at approximately $225,000 based on the current presale price.

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