POPCAT, CAT, and MEW run wild: Which meme coin is next? Pepe Unchained ($PEPU), a new meme coin, distinguishes itself with its layer-2 solution aimed at increasing speed and affordability in the meme coin market. The project has raised $23 million in its presale and is attracting attention for its utility and community focus
POPCAT, CAT, and MEW catalysed the cat season in the meme coin market. However, as they show signs of price corrections, which meme coin will take their place?Cat season is here
Dog coins used to be the stars of the meme coin market for a very long time. This year has been more generous toward experimental coins, however. While Dogwifhat and Bonk dominated the first quarter of the year, cat coins are favoured now.#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;} US Election 2024
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For a better context, POPCAT has registered gains above 8000% on the annual chart with a market cap above $1 billion. It is one of the most popular meme coin this season.
Spotlight WirePopcat (SOL) one-year price action, source: CoinMarketCapCat in a Dogs World (MEW) is another top meme coin of the season. It has surged over 400% in a year and has a market cap close above $800 million. The token exploded to an all-time high of $0.01159 on October 24, 2024.
However, due to the dynamic nature of the meme coin market, trends could change any day. So, investors are already on the lookout for the next big thing. One of the newest meme coins on the market is Pepe Unchained ($PEPU). It has raised $23 million in its ongoing presale.
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Pepe Unchained is a must-watch meme coin now
Pepe Unchained is an unconventional new memecoin. Most meme coins are designed to ride the hype with the help of flashy themes and loud campaigns.Pepe Unchained has a flashy theme too. The illustrations and narrative are bold and vibrant. For example, this is how the project is introduced on the white paper.
“Pepe was trapped, confined to his clunky layer-1 server room. But the story doesn't end there. With a stroke of Giga Brain genius, Pepe devised a plan to break free from his chains and embrace the future with PEPE Unchained.”
And it has a loud community, which has expanded to over 40,000 members on X (formerly, Twitter) and 10,000 on Telegram. Crypto influencers have been vocal about the project. For example, this is what ClayBro, the popular YouTuber with over 130,000 subscribers, has to say about Pepe Unchained.
However, beyond the buzz, Pepe Unchained is a crypto utility project. It stands out from the crowd of memecoins with utility.
A layer-2 for meme coins
Pepe Unchained aims to bring speed and affordability to the meme coin space. While there are many layer-2 projects, Pepe Unchained focuses on the meme coin market, which is notorious for its unpredictability.Money is made and lost within minutes in the meme coin market. Here, prices can soar or plunge within hours. In other words, quick decision-making is important. Otherwise, it will be difficult to capitalise on sudden market movements.
Spotlight WireNetwork congestion can cut into profits in active markets. High transaction fees on layer-1 blockchains like Ethereum add to the challenge. Pepe Unchained aims to offer a faster and cost-effective memecoin environment.It is creating an ecosystem optimised for the memecoin market. The utility integration gives $PEPU a unique purpose.
Developers are invited to build on the layer-2 network
Pepe Unchained is preparing to roll out the Pepe Frens With Benefits Collective. It invites developers to build on the layer-2 network.The initiative’s success will be crucial to taking the project beyond a single meme coin. The incentive programme could potentially nurture a hub for meme-inspired projects in crypto.
Applications to the Pepe Frens With Benefits Collective are now open. The project has also launched a passive reward system for token holders. It is active during the presale period. However, the APY (annual percentage yield) goes down as more investors join the presale. The layer-2 is set to launch after the presale.
Tokenomics and security audit
Pepe Unchained has undergone security audits through SolidProof and Coinsult. The audit reports are published on the website, as part of building transparency with investors. In a market as speculative as meme coins, it is a necessary step.Pepe Unchained has allocated 7.5% of its token supply specifically for liquidity. It could reduce transaction bottlenecks when trading goes live. 40% of the supply goes to the ongoing public presale to mitigate the influence of whales and lay a level playing field for small investors.
Spotlight WireHaving reached the $23 million milestone, Pepe Unchained is moving towards an early sell-out. With each new stage, the presale price goes up. Visit the official Pepe Unchained presale.
Name: Pepe Unchained
Email: [email protected]
*You must be at least 18 years old to access this site.
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This story originally appeared on: India Times - Author:Faqs of Insurances
