New crypto ICO 'Pepe Unchained' hits $6 million mark in token presale By alleviating the Ethereum blockchain's congestion, it aims to make trading more efficient, attracting both speculative and strategic investors, indicating significant potential for growth
Pepe Unchained ($PEPU) hits $6 million in its viral presale.The hot crypto project is building a layer-2 for meme coins. It claims to offer faster and cheaper transactions by taking the load off the Ethereum blockchain.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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With another meme coin rally on the horizon, investors are snapping up $PEPU before its exchange listing.
https://x.com/pepe_unchained/status/1813935567916409300
Pepe Unchained sparks buying frenzy
Pepe Unchained is making headlines as its native layer-2 spurs interest.The massive presale traffic indicates the massive growth potential of the project. The upcoming layer 2 sets out to revolutionise the meme coin landscape.
The recent rebound of top meme coins like Pepe and Dogwifhat has also turned attention to Pepe Unchained. While high-cap meme coins have their charm, new contenders like Pepe Unchained maintain a strong edge.
This is because of their low initial market cap, which leaves plenty of room for returns. Early investors, in particular, gain from their rapid growth.
To illustrate the point, let’s take a look at the growth of Pepe over the years.
Spotlight WirePepe all-time price action, source: CoinMarketCapPepe has surged above 20,000% in its lifetime, according to CoinMarketCap. Investors who bought Pepe when it was still young managed to grow their investment nearly 200 times. They bought Pepe while it had yet to prove its significance. The support paid off generously.
However, new investors who buy Pepe in the hope of these multifold returns will be greatly disappointed. High-cap meme coins are saturated, even if they make the headlines often.
That explains why strategic investors have their eyes on new meme coins like Pepe Unchained.
But why Pepe Unchained among the crowd of new meme coins?
This frog coin has a purpose
Pepe went viral for being unabashedly purposeless.The Pepe website famously notes that “$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only”.
Pepe Unchained has gone viral for the opposite.
Spotlight WireIt is an altcoin in a meme coin packaging. Pepe Unchained is a layer-2 blockchain network for meme coins that solves issues such as high fees and slow transactions.These problems are more pronounced during bull markets, when the network fees skyrocket. When Ethereum clogs up, an investor may be forced to pay $100 or even $200 in gas fees for a $1000 purchase.
That’s outrageous. It stops bull cycles from reaching their potential.
When it comes to the meme coin market, the situation is more complicated. The market centres around capitalising on viral moments. However, the network delays and skyrocketing transaction fees hinder smooth trading. Unable to make timely decisions, active traders end up losing money.
Pepe Unchained speeds up transactions and reduces fees. Even in a highly congested market, it targets seamless trading.
The value propositions have caught the attention of the market.
Thousands of people follow Pepe Unchained on X and Telegram. The project has also won the interest of top crypto analysts and influencers such as Claybro.
ClayBro recently featured Pepe Unchained on his popular YouTube channel with over 130,000 followers, drawing attention to the layer-2 infrastructure.
How to buy PEPU tokens?
Pepe Unchained has implemented a simple presale process.There is no whitelist or waiting period. Public investors can join the presale in a few minutes. The only requirement is a compatible crypto wallet with crypto deposits.
Popular cryptocurrencies like ETH, USDT, and BNB are accepted. The presale also supports bank cards.
However, a crypto wallet is mandatory to credit the purchased presale tokens. Wallets such as Metamask, Best Wallet, Coinbase Wallet, or any that supports Wallet Connect will do the job.
Once you have a loaded crypto wallet ready, head to the official Pepe Unchained website, click the ‘Connect Wallet’ button, and connect your wallet.
Now enter the amount of tokens you wish to purchase, authorise the transaction, and complete the purchase. Don’t forget to stake your tokens on the dashboard to further grow your investment during the holding period.
Insane staking APY for early investors
At the time of writing, the platform offered a staking annual percentage yield (APY) of over 400%. It is bound to decline as more tokens are added to the pool. Over 360 million PEPU tokens have already been staked.The rewards are distributed at a rate of 608.82 $PEPU tokens per ETH block. The staking system will be active for two years.
That doesn’t mean investors need to hold their $PEPU tokens for two years. The purchased tokens and staking rewards can be claimed soon after the presale concludes.
The tokenomics further illustrate the benefits of staking. Out of the total 8 billion supply, 30% of tokens are allocated for staking rewards. 20% goes to presale and another 20% is set aside for marketing. Chain inventory and liquidity get a 10% allocation each. The remaining 10% is for project finance.
According to the roadmap, Pepe Unchained's L2 blockchain launches at the end of the presale.
Spotlight WireNext Pepe? Or, next MATIC?
Although $PEPU is packaged with a vibrant meme coin label, it is a utility coin in essence. The rapidly moving presale is witnessing traffic from both speculative and strategic investors. While meme coin investors see viral potential in $PEPU, strategic investors are more interested in its long-term potential.
If the project unfolds as laid out in the roadmap, Pepe Unchained could compete with Polygon, Arbitrum, and Optimism. As a layer-2 dedicated to meme coins, the project has high relevance.
Both the short-term and long-term outlook of Pepe Unchained looks promising.
Meme coin derivatives have rarely grown to the levels of their originals. Touted as the ultimate Pepe upgrade, $PEPU shows the potential to be an exception. Over $6 million raised within the first few weeks is definitely an indicator.
Visit the official Pepe Unchained website to buy $PEPU tokens in the presale.
Disclaimer: The above content is non-editorial, and TIL (Times Internet Limited) hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not provide investment advisory services in any manner and the publication of this content does not mean TIL's or Economic Times endorsement. TIL strongly recommends the users to take all steps necessary to ascertain that any information and content provided is correct, updated and verified and/or speak with a qualified investment professional before making any investment decisions.
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This story originally appeared on: India Times - Author:Faqs of Insurances
