search
Homeweb3.0Pepe Unchained shines in its ICO, raising nearly $12M and outpacing other memecoins with its Ethereum Layer 2 utility

A new memecoin called Pepe Unchained (PEPU) is thriving in its ICO – it has raised almost $12 million, outpacing all other memecoin presales.

Pepe Unchained shines in its ICO, raising nearly M and outpacing other memecoins with its Ethereum Layer 2 utility

A new memecoin called Pepe Unchained (PEPU) is thriving in its ICO – it has raised almost $12 million, outpacing all other memecoin presales.

Despite being categorized as a memecoin, the project is rooted in utility. It will be the first Pepe-themed token with an Ethereum layer 2 blockchain.

Early Pepe investors made millions; will Pepe Unchained buyers too?

The similarities between Pepe and Pepe Unchained extend beyond their names and frog mascots. Both projects launched in unfavorable market conditions and exploded out of the gate.

But the OG Pepe is almost 18 months old now, so we can look back retrospectively and make sense of its meteoric rise.

It launched in April 2023 when the crypto bear market was in full swing. Investors were losing money left and right, yet Pepe came along and made many people rich.

Cointelegraph published a write-up a couple of months back on how one legendary trader ran a $3K investment into $46 million by investing in Pepe. That works out at a profit return of over 15,000x.

Imagine that. Even a $100 investment would have been life-changing, turning into $1.5 million.

Earned more than $46M on $PEPE with only $3K, a gain of 15,718x!?This super big winner sold 255B $PEPE($2.3M) for profits again after the price of $PEPE increased.He spent only $3K to buy 4.9T $PEPE($56M currently) on Apr 15, 2023, and sold 1.41T $PEPE for $7.4M, with 3.5T… pic.twitter.com/VKGxmK9gCt

Indeed, it wasn’t just down to dumb luck. The trader was savvy, holding through multiple peaks and troughs and exiting in May just before Pepe reached its highest-ever price.

And this was far from the only trader who made such gains.

However, its market cap now sits above $3 billion, so the opportunity to yield such returns has long gone.

Indeed, many of Pepe’s existing 281K holders will understand this and would welcome a second chance at such gains. This could well be why Pepe Unchained is thriving during its presale.

It’s not every day a presale raises $12 million, especially in challenging market conditions like today’s.

Umar Khan, an analyst who hosts for the 99Bitcoins YouTube channel, recently noted that Pepe Unchained may present a big opportunity for those who missed Pepe.

“If you wish you bought into Pepe early, here’s a Pepe-styled meme coin currently in presale.”

However, as mentioned, Pepe Unchained has more substance than the average memecoin. It’s also building an Ethereum layer 2 blockchain.

Pepe Chain: Ethereum’s fast and low-fee home for memecoins

Ethereum’s most pressing issue of scalability has been resolved by the uniqueness of layer 2 blockchains.

These are separate blockchains that are interconnected with Ethereum. This makes it easy to move funds and data while they also offer low fees and high speeds.

Layer 2 activity is surging and recently reached its highest-ever levels.

This shows that investors favor these Ethereum offshoots, but until now, there has not been one to accommodate the $38 billion memecoin sector.

This is where Pepe Unchained comes in. It’s a meme coin-focused Ethereum layer 2 with 100x faster speeds and lower fees than Ethereum.

It’s also sweetening the deal with huge staking rewards currently valued at over a 171% APY.

That’s over 20x higher than staking on the Ethereum main network, with ETH stakers currently earning a 7% APY at best.

Built on technical innovation and meme culture, Pepe Unchained is a cryptocurrency with the best of both worlds.

While it remains to be seen how far it can go, its early momentum undoubtedly makes it one to watch in the coming months.

The project’s presale is ongoing and currently priced at $0.0094982. However, this is expected to rise throughout the campaign, with the next increase in under two days.

For more information, visit the Pepe Unchained presale website or follow the project on X and Telegram.

The above is the detailed content of Pepe Unchained shines in its ICO, raising nearly $12M and outpacing other memecoins with its Ethereum Layer 2 utility. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
BOOK OF MEME (BOME) Price Prediction: What to Expect From the Rally During the Month-End?BOOK OF MEME (BOME) Price Prediction: What to Expect From the Rally During the Month-End?Jul 30, 2024 pm 06:32 PM

The crypto markets are undergoing a roller coaster ride as the prices of the tokens have been experiencing acute volatility. Just a day before, Bitcoin was expected to hit $70,000 but the dynamics have changed as upward pressure has escalated. Beside

Memecoin价格预测2024-2030Memecoin价格预测2024-2030Mar 21, 2024 pm 01:53 PM

Memecoin 于 2023 年 10 月下旬推出,11 月初,它在币安交易的第一个小时就创下了 0.1 美元的高点比起始价 0.001 美元上涨了 9900%。自这个疯狂的时刻以来,价格已分别稳定在 0.019 美元和 0.028 美元的支撑位和阻力位之间。我们的 Memecoin 价格预测显示 MEME 在 2024 年达到 0.036400 美元的高点。

Pepe Unchained shines in its ICO, raising nearly $12M and outpacing other memecoins with its Ethereum Layer 2 utilityPepe Unchained shines in its ICO, raising nearly $12M and outpacing other memecoins with its Ethereum Layer 2 utilitySep 05, 2024 am 03:23 AM

A new memecoin called Pepe Unchained (PEPU) is thriving in its ICO – it has raised almost $12 million, outpacing all other memecoin presales.

Memecoin Market Recovery: DOGE, SHIB, WIF, POPCAT, and PEPE Show Bullish Signs Amid Bitcoin's Price SlumpMemecoin Market Recovery: DOGE, SHIB, WIF, POPCAT, and PEPE Show Bullish Signs Amid Bitcoin's Price SlumpSep 04, 2024 am 12:43 AM

As of August 3rd, the memecoin market capitalization is $40B. While the bitcoin and altcoin market has suffered a blow, memecoins still hold their place with only a -0.10% change.

Dogwifhat (WIF) Price Prediction 2024: Will the Memecoin Surge Boost WIF?Dogwifhat (WIF) Price Prediction 2024: Will the Memecoin Surge Boost WIF?Aug 12, 2024 pm 06:02 PM

Dogwifhat [WIF] was among the best-performing memecoins in the first half of 2024. But its momentum lost traction at the beginning of H2.

Kabosu’s Sister Sparks New Memecoin WaveKabosu’s Sister Sparks New Memecoin WaveAug 02, 2024 am 03:25 AM

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana.

Memecoin Whale Stuns the Crypto Market with a New Investment, Sparking a Heated DebateMemecoin Whale Stuns the Crypto Market with a New Investment, Sparking a Heated DebateOct 19, 2024 am 04:20 AM

A memecoin whale recently sparked a debate in the crypto market with his recent investment. Reportedly, the whale bought the newly launched IntelMarkets (INTL) token for over $200k.

How to Spot the Next 100x Memecoin: A Guide for InvestorsHow to Spot the Next 100x Memecoin: A Guide for InvestorsOct 23, 2024 am 03:20 AM

The rise in the popularity of memecoins has definitely been fueled by community engagement, celebrity endorsements, and retail investor excitement.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software