Pepe Unchained ($PEPU) Rallies 1.8% as Whale Makes a $3.13M Bet Amid The Market Correction

The sector that dominated the first half of 2024 has slipped by 1.2% in the past 24 hours, extending the decline that began in June.

Investors just can’t get enough of Pepe Unchained ($PEPU), which is evident in the rapid increase in capital inflows week after week. The meme coin has now raised $8.7 million and is quickly approaching its next presale milestone at $9 million, having smashed through $8 million in just four days.

With a recent uptick in the meme coin sector and a whale making a $3.13 million bet on Pepe ($PEPE) tokens during the dip, the bullish momentum is likely to propel Pepe Unchained to hit the $10 million mark before its presale’s second-month anniversary in just six days.

The last presale stage ended on a high note, with $PEPU’s price rising to $0.0090539. With the latest influx of funds, Pepe Unchained is moving up to the next presale phase in under 24 hours, which will increase the price of $PEPU to $0.00909010 for new contributors.

What truly sets Pepe Unchained apart is its ability to deliver the same fun and playful spirit of Pepe ownership while also offering significant utility and cost-efficiency.

For investors looking to strengthen their meme coin portfolios, Pepe Unchained is shaping up to be a hot ticket for substantial returns.

If you haven’t yet joined the wave of smart money entering this presale, you can secure your $PEPU tokens by visiting the Pepe Unchained presale website.

Whale Purchases More $PEPE Amid The Correction – $PEPU Whale Also Surfaced In Late July

The sector that dominated the first half of 2024 has slipped by 1.2% in the past 24 hours, extending the decline that began in June.

Major meme coins that once led the charge have also lost value recently. For example, DogWifHat ($WIF) is down by 0.5%, Floki ($FLOKI) by 0.2%, and Bonk ($BONK) by 0.8% in the same period.

Yet, amid this downturn, one token stands out: $PEPE. Currently trending on CoinGecko, $PEPE has bucked the trend with a notable 1.8% increase. This uptick may be attributed to a significant whale move, as a major investor took advantage of the market dip to acquire more $PEPE.

According to Spot On Chain, the whale under the pseudonym “cookislandstrust.eth” has invested a substantial $3.13 million in $PEPE across two purchases. The whale’s buy on August 5 alone has already generated a profit of $170,000.

Notably, a significant whale investment in Pepe Unchained also took place just a few weeks ago. On July 29, $200,000 worth of $PEPU tokens were purchased by a whale to help push the project’s funds to $6.2 million.

For a Pepe token that has yet to hit the exchanges, this kind of early investment is a strong vote of confidence from major crypto players, signaling promising potential for the project.

ETH Layer 2’s Reached 12.44M In Transactions On Aug. 12

Investors who have backed Pepe Unchained understand that this project goes beyond merely creating another meme coin.

Owning Pepe has been a fun and exhilarating moon ride for the most part, but it has been quite taxing on the average crypto investor’s wallet due to Ethereum’s inefficiencies.

Pepe Unchained addresses these issues by operating on its own Layer 2 chain built on Ethereum, which frees it from the Layer 1’s limitations – hence the term “unchained.”

This new Layer 2 chain allows Pepe Unchained to offer a more cost-efficient ownership experience, complete with its own blockchain, consensus mechanism, and even a dedicated blockchain explorer.

Moreover, being its own blockchain means it could be the chain to deploy other tokens or meme coins, offering the same transactional efficiency in buying $PEPU.

The surge in Ethereum Layer 2 solutions, such as the Base chain – which reached 3.6 million transactions on Monday – demonstrates the growing importance of scaling solutions. In fact, all Layer 2 solutions collectively handled 12.44 million transactions on Tuesday.

Transaction Count – growthepie

Base is emerging as a leading platform for meme coin launches, challenging Solana’s dominance in this space.

With the launch of Pepe Unchained’s Layer 2 expected at the end of its presale, the project has the potential to mirror the growth trajectory of Base and emerge as a major player in the meme coin launchpad space. With its inherent meme coin appeal, Pepe Unchained could potentially surpass Base and emerge as a strong challenger to Solana.

This is why many experts, including prominent crypto influencer Austin Hilton with

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