Pepe Unchained has experienced one of its most successful 24 hours of fundraising since its presale began.
It raised close to $1 million in a single day, putting its total raise at almost $22 million. Among the inflows, there has been significant whale activity.
Pepe Unchained ($PEPU) is raising funds to build a meme coin-themed Ethereum layer 2 blockchain.
Traders are piling in, but there isn’t much time to secure the best price.
As $PEPU presale nears $22 million, smart money invests and expects “major growth”
The Pepe Unchained presale raise is skyrocketing as investors vie for the best price.
With almost $22 million raised, there’s an unprecedented demand for this new token.
Currently, it’s available for $0.01176, but the price will rise throughout the ICO, with the next increase in one day.
Prominent analyst ClayBro hailed Pepe Unchained’s presale efforts and told his 130K YouTube subscribers to “get ready for major growth.”
And he wasn’t just talking about the presale raise. ClayBro alludes that the Pepe Unchained price can explode once it hits exchanges.
“$22 million is going to equip the Pepe Unchained team to build something that is unlike any other presale opportunity right now,” he said.
The analyst also underscored that the crypto market is teetering on its next parabolic bull rally, which he says will be beneficial for Pepe Unchained, Ethereum’s home for meme coins.
However, the project’s demand does not just come from everyday investors. Smart money whales are also scrambling to buy.
For instance, Etherscan data shows one whale recently invested a staggering 19 ETH worth $51K in a single transaction.
Traders are buying Pepe Unchained with the expectation of major gains.
However, the presale funds are being used to build a revolutionary Ethereum layer 2 blockchain, forging a new alliance between the viral allure of meme coins and technological blockchain advancements.
The Pepe Chain might save Ethereum
After years of speculation, Ethereum has found its match.
Solana has stolen many of Ethereum’s users and outperformed its price gains this year.
And why is that? Solana offers a frictionless rail to buy and sell meme coins.
SOL meme coins like Dogwifhat, Bonk, Popcat, and GigaChad have all provided investors with major gains in 2024.
Moreover, Solana’s improved transactional capabilities have made buying these meme coins much easier than on Ethereum, where fees are high and transactions are slow.
Yet Ethereum continues to dominate Solana in terms of total value locked (TVL), with almost 8x more locked liquidity. That’s because Ethereum is more secure and decentralized, so the big fish feel comfortable leaving money there.
While Solana is more user-friendly, there’s no competition around security and decentralization.
Should Ethereum gain scalability, specifically for meme coins, there’s every chance it will claw back lost ground and once again become the leading smart contract blockchain by all meaningful metrics.
And that’s exactly why people are investing in Pepe Unchained.
The Pepe Chain, a layer 2 blockchain built on Ethereum, is claimed to be 100x faster and far cheaper than the Ethereum main network.
It will also have all the features you’d expect from a top blockchain, such as staking, a dedicated Ethereum bridge, a block explorer, and a decentralized exchange.
Moreover, the team recently announced it’s accepting developer grant applications, which will pay builders to launch projects in the ecosystem.
Pepe Unchained is tackling Ethereum’s scalability issue, fueled by investors’ appetite for meme coins.
This is a breakthrough in the meme coin sector, harnessing its collective power to innovate blockchain solutions.
Investors can participate in this exciting concept from the ground up by joining the Pepe Unchained presale.
They can follow the project’s X account or join its Telegram for updates. Alternatively, investors can visit its website to get and stake tokens.
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