Pepe is down today, but traders are rotating to a new alternative that is currently undergoing a presale. The new Pepe-themed token, Pepe Unchained ($PEPU), has its own Ethereum layer 2 blockchain.
Pepe the Frog fans are flocking to a new meme coin that is currently available for presale. The token, called Pepe Unchained ($PEPU), has its own Ethereum layer 2 blockchain.
This new layer 2 is designed to be fast and cheap, making it ideal for meme coins. It will also have a block explorer, an Ethereum bridge, and staking.
Some prominent crypto traders, such as Cilinix Crypto and ClayBro, are also buying the $PEPU presale. Cilinix said that he bought it because of the product, while ClayBro is impressed by its rapid presale growth.
Meanwhile, 99Bitcoins thinks that $PEPU could 10x after the presale, which is an impressive prediction considering that it is still available for less than $0.01.
Pepe Unchained is aiming to create a home for meme coins on Ethereum layer 2, which is an interesting concept that could attract many people.
After the meme coin hype wave in 2021, several projects attempted to capitalize on the enthusiasm surrounding meme coins in 2023.
Shiba Inu (SHIB) and Dogecoin (DOGE) experienced another round of gains earlier this year, attracting attention once more. Several new meme coins also entered the market.
One of the most well-known ones is Floki Inu (FLOKI), which is named after Elon Musk's dog. Another is Tamadoge (TAMA), which combines meme coins with play-to-earn (P2E) gaming.
These projects are quickly gaining popularity among crypto traders, who are always on the lookout for the next big thing.
However, some analysts believe that the meme coin market is becoming saturated, which could make it difficult for new projects to stand out and achieve significant gains.
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